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DOST PCIEERD 2nd National Technology Business Incubator (TBI) Summit

The Philippine Council for Industry, Energy, and Emerging Technology Research and Development (PCIEERD) hosted the 2nd National Technology Business Incubator (TBI) Summit at the Centennial Hall of the Manila Hotel on December 19, 2018. The event aims to showcase the government's support for startups through its firm plans and programs, foster communication between startups and public/private agencies, and share the best practices from other ASEAN countries related to business incubation and supporting startup communities.

The TBI Summit was convened by all DOST-funded incubators and other government innovation agencies, including key officials from these national government organizations, along with private incubators and accelerators with some international incubator managers, to explore topics related to the entrepreneurial and innovation community through various panel sessions. Ms. Joanna Juvyjoy Rojo, Senior Researcher of LPU RIC, attended the event in an attempt to create collaborative efforts and projects with funding agencies and institutions.

From left to right: DOST Undersecretary Dr. Rowena Cristina Guevara, DTI Undersecretary Nora Terrado, DTI Secretary Ramon Lopez, DOST Secretary Fortunato T. dela Peña, DICT Acting Secretary Eliseo Rio, DICT Undersecretary John Henry Naga, and former DICT Undersecretary Monchito Ibrahim

In a bid to strengthen government’s support to technology startups in the Philippines, the Department of Science and Technology, Department of Information and Communications Technology, and Department of Trade and Industry forged an agreement that will synergize their assistance to the community for the next five years.

DOST Secretary Fortunato T.  dela Peña, DICT Acting Secretary Eliseo Rio, and DTI Secretary Ramon Lopez signed a Memorandum of Understanding that lays the ground for a five-year roadmap for technology business incubation in the country.

DOST, through the Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD), provides financial assistance to TBIs.  At present, DOST- PCIEERD implements:  TBI Establishment Assistance -  a program for HEIs and SUCs in jumpstarting a TBI. The assistance mainly covers the first two (2) years of operation cost for the TBI; Higher Education Institution Readiness for Innovation and Technopreneurship (HEIRIT) – a preparatory program for HEIs and SUCs interested in establishing a TBI.  The program is implemented in partnership with UP NEC; and TBI 4.0 - which aims to enhance or elevate the capabilities of existing TBIs (e.g. from 1st gen to 2nd gen, 2nd gen to 3rd gen, etc.), co-develop programs with local and/or international accelerators, co-incubate with senior international or local partners, and to expand their reach to an international level.

DOST-PCIEERD Deputy Executive Director Engr. Raul C. Sabularse expressed optimism for the TBI community with the signing of the MOU. Sabularse said that DOST-PCIEERD remains unwavering in its commitment to nurture the technology startup industry in the country and be at the forefront of providing a conducive environment for it to flourish.