MORE HELP FOR FILIPINO INVENTORS
NO HOLDS BARRED (021) July 5, 2009
By Ike Señeres
MORE HELP FOR FILIPINO INVENTORS
Why not give tax breaks for inventors who are trying to build prototypes with their limited budgets? It’s already hard for them to raise the money to build these prototypes. Let us not make it even harder for them to put into form the ideas in their minds.
And why not subsidize the costs of patenting these inventions worldwide? No single Filipino inventor has the resources to patent his invention in key global markets. The only way they could do this is if they get some government support.
There could be more investors here if the “investment” highway is faster. The first step is to set up “Business One Stop Shops” at the Local Government (LGU) level.
An idea came up in my show, to put up “investment clubs” for young start-up professionals. This idea is a perfect match for a new law that gives tax breaks to young investors who want to buy from the stock exchange.
Another idea came up, to offer entry level stock options to anyone who is just starting to buy stocks, young or old. The idea is to come up with a short list of blue chip stocks that are known to always increase in value, on top of being known to be declaring stock dividends regularly. For lack of a better name, these could be called “framed stocks”.
Who knows that if we have more investors around, our inventors would also have a better chance of getting their projects funded? Sad to say, the venture capital market here is still in its infant stages.
Our inventors should look into the potential of using light emitting diodes (LEDs) as components for new solar powered products. The product potential for this component is unlimited and as it is now, Chinese inventors are ahead of the game.
School Boards in areas that are “off the grid” should consider buying solar lamps for students who have no electricity at home. The budget for this could be taken from the local Educational Support Fund (ESF). This would also enable the families of the students to save about 250 pesos per month for kerosene.
Are electric cooperatives engaged only in the selling of electric power? Could it be part of their mandate to provide lighting to off grid areas? If they could catch on to this new orientation, they could sell the solar lamps on installment terms, since they are the ones who have the money to invest in inventory.
Is it really better to distribute water in the provinces through the so called “water districts”? Why not follow the business model of electricity, which is now being sold by electric cooperatives?
There are now technologies that are available that would enable small communities to own and operate their own gas company to distribute cooking gas. The methane gas could also be produced locally on site. This being the case, why not put up gas cooperatives also? With more coops entering the utilities industries in the rural areas, we could see the faster distribution of wealth.
Do you know that integer is the root word of integrity? In Latin it means untouched or whole. I guess what it means is that people who have their integrity intact remain as whole.
Online gaming is very popular in Japan both as an entertainment source and as an educational medium. The same thing could happen here, except that online access here is still less than 5%.
Techno Farming? Anyone interested? If you answer is yes, let me know so that I could put you in touch with other people who are also heading towards this direction.
Thanks to the honest folks at Allegro Center in Pasong Tamo Extension who returned my lost car keys. That’s Job of Jolibee who found it and Ding of Security who kept it. Honesty is still alive.
Watch my TV show “Bears & Bulls”, a daily coverage of the Philippine Stock Exchange. 9:00 am to 1:00 pm in Global News Network. Email iseneres@yahoo.com or text +639293605140 for local cable listings.
By Ike Señeres
MORE HELP FOR FILIPINO INVENTORS
Why not give tax breaks for inventors who are trying to build prototypes with their limited budgets? It’s already hard for them to raise the money to build these prototypes. Let us not make it even harder for them to put into form the ideas in their minds.
And why not subsidize the costs of patenting these inventions worldwide? No single Filipino inventor has the resources to patent his invention in key global markets. The only way they could do this is if they get some government support.
There could be more investors here if the “investment” highway is faster. The first step is to set up “Business One Stop Shops” at the Local Government (LGU) level.
An idea came up in my show, to put up “investment clubs” for young start-up professionals. This idea is a perfect match for a new law that gives tax breaks to young investors who want to buy from the stock exchange.
Another idea came up, to offer entry level stock options to anyone who is just starting to buy stocks, young or old. The idea is to come up with a short list of blue chip stocks that are known to always increase in value, on top of being known to be declaring stock dividends regularly. For lack of a better name, these could be called “framed stocks”.
Who knows that if we have more investors around, our inventors would also have a better chance of getting their projects funded? Sad to say, the venture capital market here is still in its infant stages.
Our inventors should look into the potential of using light emitting diodes (LEDs) as components for new solar powered products. The product potential for this component is unlimited and as it is now, Chinese inventors are ahead of the game.
School Boards in areas that are “off the grid” should consider buying solar lamps for students who have no electricity at home. The budget for this could be taken from the local Educational Support Fund (ESF). This would also enable the families of the students to save about 250 pesos per month for kerosene.
Are electric cooperatives engaged only in the selling of electric power? Could it be part of their mandate to provide lighting to off grid areas? If they could catch on to this new orientation, they could sell the solar lamps on installment terms, since they are the ones who have the money to invest in inventory.
Is it really better to distribute water in the provinces through the so called “water districts”? Why not follow the business model of electricity, which is now being sold by electric cooperatives?
There are now technologies that are available that would enable small communities to own and operate their own gas company to distribute cooking gas. The methane gas could also be produced locally on site. This being the case, why not put up gas cooperatives also? With more coops entering the utilities industries in the rural areas, we could see the faster distribution of wealth.
Do you know that integer is the root word of integrity? In Latin it means untouched or whole. I guess what it means is that people who have their integrity intact remain as whole.
Online gaming is very popular in Japan both as an entertainment source and as an educational medium. The same thing could happen here, except that online access here is still less than 5%.
Techno Farming? Anyone interested? If you answer is yes, let me know so that I could put you in touch with other people who are also heading towards this direction.
Thanks to the honest folks at Allegro Center in Pasong Tamo Extension who returned my lost car keys. That’s Job of Jolibee who found it and Ding of Security who kept it. Honesty is still alive.
Watch my TV show “Bears & Bulls”, a daily coverage of the Philippine Stock Exchange. 9:00 am to 1:00 pm in Global News Network. Email iseneres@yahoo.com or text +639293605140 for local cable listings.
posted by Ike Señeres at 8:34 PM
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