In a joint push to advance innovation and inclusive technological development,
LANDBANK and the Department of Science and Technology – Technology Application
and Promotion Institute (DOST-TAPI) have formalized a renewed partnership to
provide greater support for Filipino inventors and technology developers.
Central to the collaboration is the Innovation and Technology (I-TECH) Lending
Program, designed to provide affordable and accessible financing to help inventors
commercialize their patented technologies and bring them to market.
LANDBANK President and CEO Lynette V. Ortiz and DOST-TAPI Director Atty.
Marion Ivy D. Decena formalized the partnership through a Memorandum of
Agreement (MOA) and Implementing Rules and Regulations (IRR) signing on 15 July
2025 at Okada Manila. LANDBANK EVP Ma. Celeste A. Burgos and DOST-TAPI
Investment & Business Operation Division Manager Romeo M. Javate witnessed the
signing.
“At LANDBANK, we firmly believe that technology is a key driver of inclusive growth
that opens doors to a better, more sustainable future for all. We believe in the potential
of every Filipino innovator, and we are here to back that potential every step of the
way,” said LANDBANK PCEO Ortiz.
Under the enhanced I-TECH Lending Program, LANDBANK serves as the primary
lending conduit, while DOST-TAPI administers the Invention Guarantee Fund (IGF) to
fund the program.
Empowering innovators with accessible financing
The I-TECH Lending Program introduces several enhancements to better serve target
beneficiaries, broadening its reach and maximizing impact.
To encourage wider participation, the previous loan ceiling of P12.5 million has been
removed, allowing eligible borrowers to access up to 85% of the total project cost, and
up to 80% for land acquisition.
Loan interest charges have likewise been waived through funding sourced from the
IGF, enabling the Program to operate as an off-book facility for LANDBANK, and
lowering the financial burden on borrowers.
These enhancements are in line with Republic Act No. 7459, or the Inventors and
Invention Incentives Act of the Philippines, which aims to empower local innovators
through financial and non-financial assistance.
As of 30 June 2025, a total of P32.25 million in loans has been released under the I-
TECH Lending Program.
Through this enhanced partnership, LANDBANK and DOST-TAPI reaffirm their
commitment to empowering Filipino innovators, transforming homegrown ideas into
sustainable, high-impact enterprises, and helping build a robust technology-driven
economy.
ABOUT LANDBANK
LANDBANK is the largest development financial institution in the country promoting
financial inclusion, digital transformation, and sustainable national development.
Present in all 82 provinces in the county, the Bank is committed to provide accessible
and responsive financial solutions to empower Filipinos from countryside to
countrywide.
