Envigor, Inc. (Envigor Natural Products Manufacturing Inc.), a startup company producing an environment-friendly wastewater treatment called Vigormin, successfully registered with the Board of Investments (BOI) on January 31, 2020, which entitles the firm fiscal and non-fiscal incentives. The startup’s Chief Operations Officer, Dr. Merlinda Palencia, acknowledged the Technology Innovation for Commercialization (TECHNICOM) Program’s Tek Launch event to be instrumental in fast-tracking the said registration.
The TECHNICOM Program, a grant-giving assistance of the Department of Science and Technology (DOST), implemented by the Technology Application and Promotion Institute (DOST-TAPI), for the market entry of local innovations, organized on Nov. 13, 2019, at the Heritage Hotel, Pasay City, “Tek Launch: Innovations, Our Future.” Tek Launch is TECHNICOM’s first-ever exhibition and pitching event. The event was graced by a reverse pitch from BOI Executive Director Ma. Corazon Halili-Dichosa for Industry Development Services (IDS), who talked about the key challenges, trends, issues, and concerns of the traders and other stakeholders in the industry sector. During the networking lunch break, Dr. Palencia had the chance to speak with Ms. Halili-Dichosa regarding the registration of Envigor, Inc. to the BOI, which paved the way for the eventual BOI-registration of Envigor, Inc.
Aside from TECHNICOM, the DOST’s Philippine Council for Industry, Energy and Emerging Technology Research and Development (PCIEERD) has also supported the Vigormin technology through their research and development, and commercialization programs. PCIEERD’s Research Information and Technology Transfer Division (RITTD) has assisted Dr. Palencia in smoothing out the technology’s commercialization pathway. Their representatives personally appeared before the BOI to present DOST’s spin-off process as a way of helping Envigor, Inc.’s BOI application.
Among the benefits of a BOI-registered company are a six-year income tax holiday, further cuts in labor expenses, and a simplified customs procedure for imported products, thanks to the pioneer status of Dr. Palencia’s company. The product Vigormin, protected by a utility model, is used in sanitizing septic tanks and in deodorizing agricultural spaces such as pig pens.
Tek Launch was attended by 122 invitees from other government agencies, and industry and private firms, including Ayala Foundation Incorporated, 3M, Dizon Farms, and Enrique Zobel Foundation, Inc, among others. Of the 39 TECHNICOM-funded technologies that participated in the exhibition, Dr. Palencia’s Vigormin bagged the “Technology of Choice” award.
DOST – TAPI S&T Media Service
Matthew Bryan P. Villanueva