Intellectual Property and Commercialization Transfer
Importance of Intellectual Property Engr. Gladdy Compasan shared to us the importance of Intellectual Property, as well as show us how to utilize it for our startup project. Innovation is the key driver to country’s economic competence and performance. The Philippines was named one of the top climbers of the decade following the release of the global innovation index of 2023, in which it placed 56 out of 132 economies according to the World Intellectual Property Organization. The origin of patents dates back to ancient Greece around 500 BC. In the Greek city of Sybaris during 500 BCE, a system was established that offered incentives to individuals discovering new refinements in luxury. Inventors were granted patents for one year, ensuring they enjoyed the profits from their creations. In Europe, Congress passed laws in 1790 to protect new inventions and creative works. These laws granted creators exclusive rights for a limited period, aiming to incentivize innovation in "the...