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MANILA - State-owned Development Bank of the Philippines (DBP) has forged a partnership with the Filipino Inventors Society, Inc. (FIS) to provide more focused support for the development of viable local projects and indigenous technologies, a top official said. DBP president and chief executive officer Emmanuel Herbosa said the bank would provide capacity-building programs in financial and operational management to Filipino inventors and scientists to improve their access to financing opportunities needed for commercial production. "Since market potential and commercial viability are very important considerations, we hope to consequently provide the necessary funding support to shepherd the projects of Filipino inventors from the drawing board to actual implementation and even production,'' Herbosa said. DBP is the fifth-largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy -infrastructure and logistics; micro,

Emmanuel herbosaFilipino inventors society incSustainable development goalsDevelopment bankPhilippine development planFilipino inventors societyManila state owned development bank of the philippines dbp has forgeda partnership with filipino inventors societyNc fis to provide more focused support for the development of viable local projects and indigenous technologiesA top official said dbp president and chief executive officer emmanuel herbosa the bank would provide capacity building programs in financial operational management to filipino inventors scientists improve their access financing opportunities needed for commercial production quot since market potential viability are very important considerationsE hope to consequently provide the necessary funding support shepherd projects of filipino inventors from drawing board actual implementation and even production9 39 herbosa said dbp is the fifth largest bank in country terms of assets and provides credit support to four strategic sectors economy infrastructure logistics microMall and medium enterprises environment social services community development fis isa non government organization of filipino inventors who hold patents for their works innovations in the philippines overseas its members include professionals entrepreneurs espouse indigenous technology herbosa said dbp is presently craftinga bridging program to assist most outstanding through aid or grants that will encourage innovative projects critical sectors such as agricultureHealth careNd the environment he said dbp is open to exploring other means of support filipino inventorsNd entrepreneurs and to help fast track the incubation of more local ideasNd initiatives 39 we will continue to encourage the development of relevant technologies and meaningful solutions local problems