Intellectual Property Rights (IPR)
According to Section 4.1 of Republic Act 8293, the term “intellectual property rights” consists of: copyright and related rights; trademarks and service marks; geographic indications; industrial designs; patents; layout-designs (topographies) of integrated circuits; and protection of undisclosed information. The BASC IP Policy defines IPR as those rights recognized and protected in the IP Code.

Intellectual Property
Both the World Intellectual Property Office (WIPO) and the Intellectual Property Office of the Philippines (IPOPHL) defines IP as creations of the mind. IP can be inventions (patent and utility model); literary and artistic works (copyright); designs (industrial design); and symbols, names and images used in commerce (trademarks).

BASC Policy Objectives
•Promote, preserve, encourage, and aid scientific investigation and research;
•Facilitate the transfer of technology from BASC to industry in order that research conducted results would benefit the public;
•Establish and maintain an innovation fund for research and innovation;
•Enhance the prestige of BASC as a state college and an academic research institution by pursuing the highest ideals of scholarship and teaching;
•Encourage, assist, and provide mutually beneficial rewards within it that transfers its IP to the public through commercial channels under this IP Policy;
•Establish standards for determining the rights and obligations of BASC and the creators of IP;
•Ensure compliance with applicable laws and regulations and enable BASC to secure sponsored research funding at all levels of research; and
•Generally ensure protection for the IP prior to any publication.
(Source: Article 2, BASC IP Policy)