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UPV SEEDS-TBI project receives additional grant from DOST RO-6

The Department of Science and Technology (DOST) Regional Office VI released the second grant of the institutional support for the UP Visayas-DOST Small Enterprise and Entrepreneurial Development Services Technology Business Incubator (SEEDS-TBI).

Dr. Emelyn P. Flores, Asst. Regional Director for Technical Operations of DOST RO-6, turned over a check amounting to P409,000.00 to the College of Management (CM), UPV led by Dean Mary Ann Gumban at the  CM 1, UPV Iloilo City campus on July  22, 2015. CM is the implementing unit of the SEEDS-TBI project of the University. 

Flores said that with the additional funding support, she hoped for the fruitful implementation of the project.  She gave the agency’s continued commitment to the project in the coming years if successful. 

Responding in behalf of the University, Vice Chancellor for Administration Nestor Yunque, likewise reiterated the commitment of support of UPV for this project and thanked DOST for the support. 

“UPV commits itself to support this worthwhile project to be led by the College of Management. Thank you DOST Regional Office VI for the grant and various support to guide and nurture aspiring entrepreneurs that will eventually contribute to the economic development of the region.” 

He also said that the SEEDS- TBI will continue to assist start-ups and fledging companies to become competent, viable, and responsible players in the regional, national, and global economy specifically to stimulate development and value-adding of technology-based products and services in Western Visayas region to make them more competitive. 

Dean Gumban also expressed her gratitude to DOST for supporting the second phase of the project. “Because of your support in establishing the SEEDS-TBI, you are providing wind to our wings so that we can fly.” Gumban said CM was identified by the Department of Trade and Industry to be its academic partner in Region VI in their entrepreneurial development under its Go Negosyo project because of this project. 

Prof. John Lorenz Belanio, Project Leader of SEEDS-TBI, said that the project is currently full-house with five start-up companies and incubatees. He is looking forward for the expansion of the project soonest. 

The SEEDS-TBI is the first technology business incubator in the region. UPV, through the CM spearheaded the establishment of the SEEDS-TBI in 2011 with a grant from DOST RO-6 amounting to P1.32M. It provides physical office space, shared facilities, and business and technical support to technology-based start-ups and young enterprises. 

In 2013, the University had entered into an agreement with Technology Center Wuppertal, Germany (W-tec) to support start-ups and young enterprises, promote innovation, entrepreneurship and in the management and sustainability of the technology business incubator or technology center. 

By: Lenilyn B. Gallos

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