Written by: Sittie Al-meerah Darimbang
The University of Baguio (UB) held a two-day Technology Business Incubator (TBI) Seminar-Workshop on October 28-29, 2024, at the Alumni AVR. The event, organized by the Research Innovation Extension and Community Outreach (RIECO) in collaboration with the Technological Consortium for Awareness, Readiness, and Advancement of Knowledge in Innovation (TARAKI), aimed to equip both faculty and staff with the necessary knowledge and skills to establish and manage a successful TBI. The said workshop is part of UB’s commitment to fostering innovation and promoting sustainable tourism in Baguio City.
Day 1: Laying the Foundation
The morning session, led by Ms. Kezia Teresa D. Tabago, focused on TBI Program Development and Services. Ms. Tabago discussed the importance of designing mentorship programs and developing startup networking opportunities. Participants were also introduced to market analysis and strategies for identifying target sectors that would benefit from the TBI.
After a short break, Engr. Maria Corazon Ocampo facilitated a session on Financial and Operational Planning. She emphasized the importance of sustainable revenue models and proper resource allocation to ensure the TBI’s long-term success. The day concluded with a team-building activity led by Ms. Avereen Tibalao, who highlighted the significance of recruiting skilled staff and building a strong support network for the incubator.
Day 2: Strengthening Strategies
The second day began with a recap of key points from Day 1. The first session, presented by Ms. Vanessa Kate Aniceto, focused on Legal and Policy Considerations for TBIs. Ms. Aniceto covered topics such as regulatory compliance and intellectual property management, which are crucial for startups affiliated with universities.
Following a coffee break, Dr. Ma. Easter Joy Sajo led a session on Marketing Strategies to help participants develop a strong brand presence and attract investors. The session emphasized the importance of engaging with the local ecosystem to create a supportive environment for innovation.
In the afternoon, Ms. Lovely Jenn Reformado discussed Sustainability and Impact Measurement. She guided participants in setting key performance indicators (KPIs) to evaluate the TBI’s success and ensure its continuous improvement. The final session, led by Dr. Thelma Palaoag, focused on building Strategic Partnerships with industry stakeholders to support the growth and development of the incubator.
The workshop concluded with an open forum where participants provided feedback on the training. They expressed appreciation for the knowledge gained and the practical tools shared during the sessions. Moving forward, UB plans to develop a detailed roadmap for the establishment of its TBI, which will play a vital role in promoting innovation, supporting local entrepreneurs, and contributing to the economic growth of Baguio City and the Cordillera region.
