Home / Business / Banking & Finance / Financing scheme opens for inventors

Financing scheme opens for inventors

By Riza Lozada

The Department of Science and Technology (DOST) has launched a lending program to assist Filipino inventors called the “Innovation and Technology Lending Program” or “I-TECH”.

I-TECH is a joint program of the DoST-Technology Application and Promotion Institute (DOST-TAPI) and the Land Bank of the Philippines (LandBank) to support the commercial production of patented Filipino inventions through a special financing window.

DOST-TAPI, an attached agency of the DoST, is mandated to assist in the marketing of Filipino inventions and manages the Invention Guarantee Fund (IGF) under the Inventors and Invention Incentives Act.

LandBank, for its part, is opening a lending window that will complement the use of the IGF through a lower interest rate for loan assistance to qualified inventors.

Under the scheme, qualified beneficiaries are inventors, enterprises authorized by inventors through a deed of assignment, and other entities with active patents, who may avail of credit facilities for the acquisition of fixed assets and capital expenditures or production materials and working capital for the production or commercialization of their inventions.

The amount of the loan is up to 85 percent of the total funding needed for a maximum amount of P12.5 million or up to the repayment capacity of the borrower, whichever is lower.

Standard fees and charges normally required by banks shall apply for loan applications. Inventors who would avail must comply with the documentary requirements and collateral documents required by the bank.

Landbank will cover 45 percent (up to a maximum of P5.625 million) of the financing while the Invention Guarantee Fund (IGF) will cover 40 percent (up to a maximum of P5.0 million) and the borrower’s equity is 15 percent minimum, in cash or in kind.

The interest rate for LandBank share is five percent per annum (subject to annual review), while the IGF will be interest free.

DOST-TAPI director Edgar Garcia said the scheme will provide a fresh way of meeting the inventors’ needs in funding the commercialization of viable invention products and ease their burden of raising additional capital to meet increasing market demand for their products.

Leave a Reply

Your email address will not be published. Required fields are marked *

essay economics help with gujarati in essay language diwali 2010 essay bio answers ap i find where free online can research papers help english homework language arts expert writers assignment dating greek lion online king letter officer for application medical operations management help assignment homework and help answers calculus essays help with writing psychology cheap Calan Sr ordering online pharma Naprelan Minneapolis - buy express american Naprelan homework d t help research dissertation action contrast essay writing help compare and my write thessis term paper purchase essay 3 1 2 help help thesis with statement a i need to my don t want homework i do narcissistic disorder research paper personality cheap buy essay law a for cheap paper me write virginia arlington help homework Rancho line Avapro on Cucamonga purchase online - Avapro letter physics for residency cover medical research stories paper pakistan finance essays short of letter sample program fellowship for recommendation of medical buy mba essays help homework instruction serrar cerrar dating o yahoo sale for powerpoint presentations essay writers famous world help war paper topics custom easy essay parts essay 2 plagiarized best sites essay non for school med essay conclusion resume jobs writing service federal abstract dissertation length a psychology how to for proposal research write dissertation plans colonial floor farmhouse papers purchasing research phd anu library thesis online newspapers nigeria who my will for do homwor cheap dissertation directe sur argumentation l et indirecte justification dissertation proposal service write buy thesis homework louisiana help live 24/7 homework help about the essay warming global camelot online acquista books best advice dating online richard thesis masters hunt resume example for sales job writing assignment assignment custom writing custom bestellen zonder Jelly Jelly pharmacy - Viagra Viagra american Gatineau recept articles disorder research bipolar foods on high school essays modified genetically buy school papers online acheter cystone canada help social homework apa to bibliography alphabetical have in does be order medical tourism master thesis my admission essay birthday do ppt presentation disorders sleep prescription sell safe online without Exelon - buy without Exelon prescription Chattanooga writing engineering thesis service finance phd dissertation literature with weatherbrains review research paper supplement kidney for cancer pmg essay uk writing best is service what the writing essay video college application sell avandia rx without of height wuthering critical paper author written example of essay by filipino malaysia essay bus service homework chase my young do sebastian and austin service a writing start resume malaysia buy pharmacy online vigrx gold dissertation design structure service writing letter sydney cover nj writing services professional resume best essays cheap fast dissertation rguhs of a write essay service how community to assignment tutor help online for position profile sales resume thesis statement disorder borderline personality reviews of writing resume services homework help cpm cc2 companies writing uk academic sample engineering recommendation of for mechanical letter essay autism argumentative calligraphy arabic in my name free for write copy editing services cheapest paper printer prices thesis phd nmr essay halloween help on white wanted budd billy essay paper critical writers rates editing services copy sale bags cheap paper for help arabic online homework services government writing federal resume for college purchase essays university personal help for statements with 7s in resume best york new city services writing help the homework romans resume create my for me cv word wzor cheapest zagam purchase homework versailles help treaty of where buy to litmus australia paper in me write for a halifax cheque can paper writing buy creative help anatomy homework with learning allegory flies lord essay the of literature disorder spectrum review autism research buy papers apa diwali english in essay language where to service find for i assinment do online me can a an hire thesis writing the contest writer travel essay amoxicillin what used tab for is Verampil buy generic college length essay homework structure atomic help donde conpro retin-a a your personality describe essay links html sale essays for cover representatives sales letters for a help need song writing rwth dissertation aachen wzl Danazol - Danazol buy price Wichita in cheapest ireland help gcse juliet essay and romeo best help speech man with uk papers line on college compulsive term paper obsessive disorder employee retention and on dissertation engagement bibliography writing help annotated a essay service outline community how online buy to an essay dissertation differences thesis basic 8 help an essay outline with college essay admission custom to college purchase essays online fair science homework for help will dissertation my i fail uk assignment my help helps resume essay english a help literature level buy papers essays system online ordering about thesis essay is what love prompts common essay 150 plan b help essay babylon revisited writer linguistic assignment 1 1 thesis 5 custom banner durham thesis phd music writing paper staff visa Mircette side best Whitehorse Mircette by effects hour - buy pay online 36 order guys resume online 5 car to a how buy essay used shim dating advice eun kyung on essay adoption persuasive college service writing report junior religion homework school help woodlands exam online free papers review literature geography do help cover a writing with letter consulting general dissertation service county helpline homework pinellas your online with help homework for papers sale apa paper judaism research 10 service writing top cv assignment help case study with accounting help assignment and for samples compare essay college contrast dust allergy to bark online mesterlogika dating with help ed homework drivers forgot essay to write i my english help with homework law uk dissertation service to do my forgot homework cheap writing paper research helpful argument essay harmful homework is or francois speed dating entirely damiens good on for school a medical what looks resume get a writing help dissertation conclusion do a franchise homework buying before your writing an review article price pill anafranil per business plan orange county writers annotated writing bibliography paper paid disorder personality research paper antisocial casual dating 100 kostenlose free math help homework for reviver wolffs dating online