Balik Scientist Law to benefit MSMEs and Tech Startups

The knowledge and skills of Filipino scientists being brought back under the Balik Scientist Program or (BSP) could be lent to micro, small and medium enterprises or (MSMEs) and technology startups said by Science Secretary Fortunato dela Peña.

Now, the Department of Science and Technology is deploying BSP scientists to state universities and colleges (HEIs), as well as to different research and development institutions (RDIs) to begin help on bigger and better R&D projects.

The Balik Scientist Program is being extended by the DOST, after the RA No. 11035 or the Balik Scientist Law signed by President Duterte last June 15, 2018 which allowed the DOST to give more incentives to Filipino experts, scientist, inventors and engineers returning for a limited time to share their expertise in the country. Currently from the 40 scientists being brought back home for short-to medium term deployment this 2018, the DOST is planning to increase the number next year by half or 20, and another 20 by 2020. With the growth of homeward bound scientist, DOST should assign them to MSMEs and tech startups during their service here, said Dela Peña.

Republic Act 11035 institutionalized the DOST’s Balik Scientist Program which was initially established in 1975 through Presidential Decree No. 819 but was only implemented in 1986.

Some scientists have come back to the country since its implementation in short and long-term basis to guide science and engineering students and faculty alongside their line of expertise through research and development, teaching and other activities. It will significantly contribute to the advancement of scientific, agro-industrial and economic development.

A returning scientist can now participate in DOST’s Grant-in-Aid research and development through the Balik Scientist Law. A grant may be provided to the balik scientist and released through the host institution for implementation of the project in accordance with relevant government regulations and the obligation of the program involved.

They can also enjoy various compensations involving tax and duty exemptions to importation of professional equipment and materials, free medical and accident insurance covering the award period, reimbursement of expenses for baggage related to scientific projects and even exemption from renouncing their oath of allegiance to the country where they took the oath.

Image source: Panamericanworld



Author: Atty. James Biron
Atty. James S. Biron is a corporate lawyer specializing in foreign investments, trade, mergers and acquisitions, planning and financing of projects and capital raising. Clients served include real estate, construction, energy, information technology, agriculture, education, medical and casino gaming companies.

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