Science Secretary Renato Solidum Jr. together with DOST Undersecretary for Regional Operations Sancho A. Mabborang, PASUC President Tirso A. Ronquillo and PEZA Director General Tereso Panga show the documents during the signing ceremony for the establishment of KIST parks and ecozones in SUCs with representatives from DOST, PASUC and PEZA as witnesses.
He said it forms the economic programs that can lead to a brighter and more sustainable future for our country. Undersecretary for Regional Operations Sancho A. Mabborang underscored the presence of KIST Parks and Ecozones that will build a stronger partnership between the DOST, PEZA and academe by increasing the growth of S&T-based firms, and the MOU will make it possible to further implement the program’s nationwide rollout.
The PASUC, through its Platform for Innovating SUCs for Industry 4.0 , aims to make the academe an innovation driver under the KIST framework of PEZA. When asked if there’s a priority specialization or field in KIST Park, the science chief said, “It will depend or vary on SUCs’ expertise, as we all know there were also technology and incubation business hubs in the same university sometimes that would cater to MSMEs.”
Accordingly, the SUCs will benefit from the KIST through access to fiscal and nonfiscal incentives offered by PEZA as a Special Economic Zone, Promotion of Industry as Academe Collaboration through technology transfer of University Intellectual Property, and acceleration of products and services of startups and spinoffs to the foreign market.
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