GRANTS AND LOANS FOR FILIPINO INVENTORS

Creating new value added is the key to building a bigger and stronger economy. Not unless we create our own new value added as a nation, we will always remain as a trading economy, meaning that as a nation, we will always be limited to buying and selling the goods and services of other countries. There is no rocket science behind this reality. Creating new value added is just like investing in agriculture. Not unless we cultivate the land and plant seeds in, no crops will grow, and there is nothing to harvest. Same way with inventions. Not unless we produce new patents, we could not produce our own new products, and therefore we could not create new value added. In that sense, our inventors are similar to our farmers. Not unless our inventors will create new products, we will have nothing new to sell to the rest of the world. Of course, we could always make products for other countries, but not unless we own the intellectual properties in the form of patents, trademarks and copyrights, we will not have much to earn. Going straight to my point, the only way to create our own intellectual properties is to support our own inventors with grants, loans and other financial incentives. Aside from the financial support, we should also provide them with technical assistance in terms of building their prototypes, and providing them with marketing assistance by way of providing them with buyers and distributors. IKE SENERES/04-04-2024