For Investors and Researchers

Invention-Based Enterprise Development Program (IBED)

The IBED Program supports an inventor in developing the invention into a business enterprise by making it available to the consumers. Funds will be provided to cover pre-commercialization activities such as pilot-scale testing, field testing, pilot production for market testing and commercialization including raw materials, labor and overhead costs directly related to the production and the purchase of the equipment needed to manufacture the new inventions.

AO06-IBED-1-v1_0.pdf

Frequently Asked Questions (FAQs):

1.  What is IBED?

IBED is a program that supports Inventors in developing the invention into a business enterprise by making it available to the consumers. Funds will be provided to cover pre-commercialization activities such as pilot-scale testing, field testing, pilot production for market testing and commercialization including raw materials, labour and overhead costs directly related to the production and the purchase of the equipment needed to manufacture the new inventions.

2.  How much is the financial assistance?

There are two (2) forms of IBED Assistance:

  1. Pilot Production cum Market Testing of the Invention – P200,000.00 (Grant)
  2. Commercialization of Invention – P1,000,000.00 (with Repayment)

3.   How long can I pay the financial assistance?

The financial assistance shall be returned to TAPI in three (3) years or shorter depending upon the capability of the inventor with six (6) months grace period following the repayment schedule agreed upon by TAPI and the inventor.

4.  Who can avail it?

  • The Inventor who was previously assisted TAPI’s assistance on pre-commercialization and pilot production and was able to grow as an enterprise is eligible for this assistance.
  • Relating to the already established invention-based enterprise that is existing for more than three (3) years but has a new invention to be offered to the market.

5.  What are the requirements?

  • The proponent shall satisfy the following to be eligible for assistance:
  1. The invention/utility model/industrial design is already patented or registered;
  2. The inventor must be a Filipino citizen residing in the Philippines;
  3. He/She must be of good moral character or has not been convicted of any case involving moral turpitude;
  4. The inventor over 65 years old should assign a co-project implementor with equal responsibility of the project;
  5. Must have no outstanding obligation with TAPI, DOST and its attached agencies and other government institutions. Outstanding obligation refers to an overdue obligation that is not fully settled or cleared with the FAD of TAPI;
  6. The invention/utility model/industrial design has already a commercial prototype with validated data results or have gone through preliminary scientific data gathering relating or proving its intended use;
  7. The invention has received validated inquiries based on the letter of intent to purchase the invention or rental contract received by the inventor or any proof of orders. This serves as a basis for market testing and invention commercialization;
  8. For juridical entity, the firm must be Filipino-owned and registered in the Philippines and has secured a deed of assignment of patent/UM registration.
  • Pre-Commercialization and Pilot Production:
  1. Application letter addressed to TAPI Director;
  2. Endorsement letter from DOST Regional Office incl. RTEC report, if applicable;
  3. Project proposal following the prescribed format;
  4. Letters Patent / UM Registration / ID Registration;
  5. Personal bio-data of the proponent or company profile if applicant is a juridical person;
  6. Assigned co-implementor for Inventors over 65 years old, if applicable;
  7. Certification of Residency from Barangay Center or Barangay Clearance, if applicable;
  8. Preliminary test results, if applicable;
  9. List of prospective client/customer/user with address and contact number;
  10. Additional requirement may be needed depending on the nature of the project and capability of the proponent.
  • Commercialization of Invention:
  1. Application letter of request addressed to TAPI Director;
  2. Letter of intent from the client/customer specifying the 5% commitment fee on the amount of requested orders;
  3. Copies of the Business registration papers e., mayor’s business permits, DTI registration, BIR registration, SEC/CDA registration, etc.; and
  4. Additional requirement may be needed depending on the nature of the project and capability of the proponent.

CONTACT:

IDD - (+632) 8 837-2071 to 82, local 2150

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