61607 The Development Bank of the Philippines (DBP) is partnering with the Filipino Inventors Society, Inc. (FIS) for viable local projects and indigenous technologies. Specifically, the state'owned bank is developing the Inventor’s Pitch - a bridging program to commercialize five local inventi
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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,
State-owned Development Bank of the Philippines (DBP) has forged a partnership with the Filipino Inventors Society, Inc. (FIS) to provide more focused support