On March 23 2010, the president of the Philippines signed into law Republic Act No 10055 known as the Philippine Technology Transfer Act of 2009. Published on April 23 2010, this law takes effect after 15 days. It provides the framework and support system for the ownership, management, use and commercialisation of intellectual property generated from government funded researches. This law was the brainchild of Estrella Alabastro of the Department of Science and Technology (DOST) and was inspired by the Bayh-Dole Act of the USA. She stated in the DOST Digest: "For the longest time, we rely mostly on breakthroughs from the outside, while our local technologies generated through public funds remain untapped or archived in laboratories around the country. Hence, this is a significant break for us to roll this out to the market and be availed of by the public." Some of the salient points of this law are: