BU signs MOU on Incubation Technology Business Program

Friday October 9,2020

Bicol University (BU) through the Center for Technology Commercialization and Enterprise Development (CTCED), the Startup Incubation and Limitless Integration of Dynamic Entrepreneurial Leaders of Innovation (SILI DELI) hosted the ceremonial signing of the Memorandum of Understanding (MOU) between BU and the first batch of the Outwall Incubatees last October 6, 2020 at the BU East Campus, Legazpi City.

BU recognizes the role of Higher Education Institution in responding to the needs of the Region in developing emerging enterprises as startups as provided in RA 11337 (Innovative Startup Act) and RA 10055 (Philippine Technology Transfer Act of 2009).

With this, BU through CTCED created the SILI DELI, the first technology business incubator in the region. SILI DELI is funded by the Department of Science and Technology – Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD) under the Higher Education Institution Readiness for Innovation and Technopreneurship (HEIRIT) program under the project titled, “HEIRIT: Establishment of the DOST-BU Technology Business Incubation (BU TBI) Center for Bicol Region”.

SILI DELI mandates to provide an array of business support resources and services to early stages of new, technology-based, and advance business projects. One of its flagship programs is the Technology Business Incubation. SILI DELI offers high growth potential for startups who have qualified as incubatees. The incubation program will promote access to a wide range of services that will facilitate the startup process leading to market entry through in-house trainings in technical and management areas of entrepreneurial venture.

Outwall incubatees refers to the researcher, technology developer or owner, or startup founder/s who are not students, faculty or staff of Bicol University who have qualified for the incubation program. The outwall incubatees are Sparkpoint Innovations Inc., Studio Down South, and 10X Philippines.

Sparkpoint Innovations Inc., is a startup that focuses on developing practical blockchain technology solutions and specializes in cryptocurrency technologies. Sparkpoint was well represented by its Chief Technology Officer, Mr. Rico Roberto Zuñiga.

Studio Down South on the other hand was represented by its operations and project manager, Mr. Ismael Jerusalem. Studio Down South is a startup multi-disciplinary firm with an emphasis in hosting creative events, identity design and branding in the Bicol Region.

Another startup present in the event was 10x Philippines. It is a startup that utilizes a penless, paperless, and contactless app to automatically log people in when they enter any establishment. Representatives from 10x Philippines were Ms. Catherine Baleda, the co-founder and operations head and Mr. Romer Carbellido, Marketing, Sales and Business Strategist.

Present during the event were BU President Dr. Arnulfo M. Mascarinas, BU Vice President for Research Development and Extension (VPRDE) Dr. Luis O. Amano, BU CTCED Director Dr. Arnulfo P. Malinis, Technical Project Leader of DOST-BU TBI Project Prof. Ma. Crestia C. Bañares, and the staffs of CTCED and SILI DELI. (Ana Marie Balleta/SILI DELI)