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FASTRAC Boosts Commercialisation of Technologies

Photo Credit: Department of Science and Technology-Philippine Council for Industry, Energy and Emerging Technology Research and Development

The Department of Science and Technology – Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD) has strengthened its efforts in commercialising technologies generated by researchers through funding assistance.

What is FASTRAC?

According to a recent press release, the Funding Assistance for Spin-Off and Translation of Research for Advancing Commercialization (FASTRAC) Program is a “researcher/technology-focus” program established to bridge the gap between R&D and commercialisation of DOST PCIEERD-funded technologies.

It is a follow-up program for handholding technologies until commercialisation.

Moreover, it is designed to translate research outputs into market ready products or simulate a start-up operation thru a spin-off project for a period of one year.

The fund assistance has several aims. These are:

  1. Validate the problem, market, product and willingness to pay for the services/technologies from DOST-PCIEERD funded research
  2. Translate research outputs into products and/or services
  3. Provide support for researchers and/or their teams to spin-off or start-up
  4. Connect researchers to business support groups in commercialising technologies

The Projects

This program has helped five DOST-PCIEERD- funded technologies to establish their spin-off companies. These are:

  1. CATCH-ALL

A project of De La Salle University, the Contactless Apprehension of Traffic Violators (CATCH-ALL) is a vision-based artificial intelligence analytics software for traffic and transport applications.

Under the system, all types of vehicles and violations will be detected via its smart camera video capture.

The system will display the vehicle’s detection and tracking, profiling, plate localisation and plate character recognition for more detailed traffic violation identification.

  1. CharM

A project of the University of the Philippines Diliman, Charging in Minutes (CharM) is a system for fast charging electric vehicles (EV) that are using the Lithium-ion battery storage technology.

It provides an alternative charging strategy that eliminates the need for several hours in order to fully charge an EV.

The conventional 4-6 hours in slow charging is reduced to less than an hour or even a matter of minutes for smaller vehicles.

  1. USHER

A project of Mapua University, the Universal Structural Health Evaluation and Recording System (USHER) is a building structure health monitoring system composed of an accelerograph /sensor web portal system.

The patent-pending technology can be installed in buildings of all types and would allow building managers to monitor the structural integrity of the building.

Additionally, it will ensure economical and hassle-free compliance with Philippine government regulators.

USHER has streamlined and tailored the system to the local market, making it remarkably lower in cost while still offering a complete solution to ensure business continuity.

  1. Fish-I

A project by the University of the Philippines Diliman, Fish-I is a fish census hardware-software technology that allows for rapid reef assessment.

It utilises an underwater camera that records along transect of a fishing site. It then analyses the footage into data that can easily be viewed and understood by users on a computer.

The data gathering is done in minutes and covers a total distance of 50 metres. The system generates automated data for: Fish Count, Fish Population Density, Fish Identification, Fish Length, and Fish Biomass.

  1. Smart Surface

A project by the University of the Philippines Diliman, Smart Surface is an Philippines electronic sensor system that can convert virtually any flat surface into an interactive interface.

Furthermore, the system is composed of a number of sensors and a central controller. Plus, it is more affordable and robust than Smart board.

It boasts of distinct features that can compete with the already existing products in the market. These are among other things: the content of Smart Surface can be customised according to the client’s preference; it is portable; it can be installed in existing surfaces; and most importantly, it is low-cost with speedy after-sales support in cases of replacement, repair services, or technical help.

The Requirements

Those interested to avail of the funding must comply with the following requirements:

  1. Must be a DOST-PCIEERD R&D grantee
  2. Must have an accomplished invention disclosure form or IP inventory form submitted to the University IP Office
  3. Must submit an Endorsement/ support letter from the University IP Office
  4. Start-ups that already registered but are recipients of a university license on a DOST-PCIEERD-funded technology, must submit an authenticated copy of the latest Articles of Incorporation or Business permits, License Agreement

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

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PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.