Taguig City – The Technology Application and Promotion Institute of the Department of Science and Technology (DOST-TAPI) is leveraging the growing start-up ecosystem in the Philippines by pouring funding support to accelerate commercialization of pioneering and market-viable innovations.
One of the government programs engaged in elevating competitiveness of start-ups is the Technology Innovation for Commercialization (TECHNICOM).
Through accessible funding and technical support, start-ups supported by TECHNICOM are able to optimize their technology, protect their intellectual assets, and validate their business models.
With enough momentum, skills, and network, start-ups are equipped to flourish and remain relevant in an innovation-based environment.
“In TECHNICOM Program, we have already seen several pathways for technology commercialization. Interestingly, start-ups seem to be at the forefront in terms of execution and entrepreneurial acumen,” said Engr. Marvin Eric O. Dela Cruz, Senior Program Manager of TECHNICOM.
To help start-ups qualify and access funding under the TECHNICOM Program, series of consultations and workshops were started in January 2018 with the leading DOST-supported Technology Business Incubation (TBI) Programs in the country such as the UP Diliman Enterprise, QBO Innovation Hub, and Asian Institute of Management (AIM)-Dado Banatao Incubator.
The series of consultations resulted to a number of start-ups signifying interests in availing the Program.
“We believe that with the right support and platform, start-ups could take-off and thrive in fiercely competitive, technology-driven industry,” added Dela Cruz.
TECHNICOM hopes for more start-ups to maximize and use the funding program in pushing their innovations further in closer collaboration with partner TBIs.
DOST-TAPI S&T Media Service
Irene Vee E. Pacaba