Technology Innovation for Commercialization (TECHNICOM) is one the flagship programs of the Department of Science and Technology (DOST) implemented by the Technology Application and Promotion Institute (TAPI). It aims to fast track the transfer and commercialization of locally-developed innovations and technologies through financial and technical support from DOST and TAPI.
The Program funds and assists research and development (R&D) projects geared towards market readiness of local innovations and technologies. From 2014 to 2016, priority for support shall be given to pre-commercialization activities of technologies generated from DOST-funded R&D breakthroughs.
TECHNICOM hopes to stimulate technological innovation, strengthen capacity in pursuing pre-commercialization activities, increase private sector adoption and commercialization of government-initiated R&D outputs and maximize benefits from government investments in R&D activities. As a holistic approach of packaged assistance for local innovations and technologies, TECHNICOM envisions:
- a science and technology community motivated to innovate;
- increased commercialization and industry adoption of assisted and generated technologies;
- maximized benefits from government investments in science and technology activities; and
- contribution to the country’s sustainable economic progress and development.