Last I heard from St. Luke's Research and Biotechnology Division, they had a potential Dengue diagnostic, but no technology transfer policy.
A tech transfer policy determines who owns intellectual property (copyrights, patents, etc.) generated by an institution. Tech transfer is usually managed by a TLO (technology licensing officer), who makes sure there is no conflict of interest and ensures that the institution's knowledge is either spun-out into a start-up or licensed for a fair royalty to existing businesses. This is essential to national development. It is one of the many lucrative employment opportunities related to technopreneurship. As of this writing only UP has a tech transfer policy, and many intellectual property lawyers and businessmen have found it lacking.
If St. Luke's RBD had a tech transfer policy, maybe this Singapore company wouldn't have gotten the drop on them.
Don't lose hope, though. It's not who gets to market first, it's who has the better unfair sustainable competitive advantage!
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