Spinouts progressing technologies for road traffic and electric vehicle applications are among the first to have been selected for a Philippines government funding scheme.
Five Philippines-based spinouts have been backed by a new funding initiative of the national government created to support academic research from an existing state grant program, OpenGovAsia has reported.
Dubbed Funding Assistance for Spin-Off and Translation of Research for Advancing Commercialization (Fastrac), the program will aim to bridge the commercialisation gap for teams awarded grants by the Department of Science and Technology’s Philippine Council for Industry, Energy and Emerging Technology Research and Development.
Fastrac will back projects for…
