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(FACEBOOK/MANILA BULLETIN) DOST Secretary Fortunato “Boy” T. de la Peña said Land Bank has approved the financial support for the agency’s three applications for the commercialization of inventions or innovations “for the first quarter of 2021.” He said funds were released to two inventions– “Mosquito Larvicide Comprising of Calcium Hydroxide and Clinoptilolite, and the Grains Thermal Speed Drying Tray Assembly.” While, Land Bank is expected to release the funding for “Microbial Inoculants with Extended Shelf Life and Their Preparation.” “The I-TECH Lending Program provides a special lending window through the Land Bank of the Philippines (LBP) to complement the use of the Invention Guarantee Fund (IGF) as provided for in Republic Act No. 7459 known as Inventors and Invention Incentives Act of the Philippines,” de la Peña said. 

The philippinesTechnology applicationPromotion instituteLand bankLending programGrains thermal speed drying tray assemblyTechnology lendingInvention guarantee fundDepartment of scienceLarvicide comprisingCalcium hydroxideExtended shelf lifeTheir preparationRepublic actInvention incentives actதி பிலிப்பைன்ஸ்