8 SUCs attend DOST VI, WVSU BizPlan training workshop
The Department of Science and Technology Region VI (DOST VI) Technology Transfer Unit (TTU) conducted an activity for selected State Universities and Colleges (SUCs) and their respective technology generators throughout June.
Dubbed “Writing the BizPlan: A training workshop in business plan for SUC-developed technologies in Region VI,” the workshop was organized by a collaboration between TTU and the West Visayas State University (WVSU) Impact Team and aimed to train participants in drafting their business plans.
In attendance were 35 participants from eight SUCs, namely, WVSU, Aklan State University (ASU), Capiz State University (CapSU), Central Philippines State University (CPSU), Guimaras State University (GSU), University of Antique (UA), Technological University of the Philippines Visayas (TUPV), and Iloilo Science and Technology University (ISAT-U).
DOST VI Regional Director and Fairness Opinion Board Secretariat Chairperson Engr. Rowen R. Gelonga encouraged the participants to build their ability to commercialize their research outputs either by starting their own spin-off companies or licensing them directly. He also mentioned that the commercialization of Research and Development outputs should be one of the priorities of the SUCs in the region.
The first two sessions involved discussions on the following Business Description, Market Analysis and Strategy, Marketing and Sales Plan, Competitive Analysis, Products and Services Description, Management and Organization Description, Product and Services Description, Operating Plan, Financial Projection and Needs, Executive Summary, and Exhibits and Appendices.
Additionally, breakout session rooms were to allow the SUCs to work on drafting their business plans with their teams and address any participant concerns and issues with preparations.
During the last week of June, the teams underwent synchronous virtual consultations discussing outputs, followed by a concluding program wherein the top two business plans were recognized. These business plans were the Regional Yarn Production and Innovation Center (RYPIC) – Iloilo Facemask from ISAT-U and the Taro Powder Processing Machine from TUPV. (KJRGagajena/DOSTVI-KMU)