Dr. Carmelo V. Ambut, VPRE, (right) with DOST Secretary Fortunato de la Pena during the awarding ceremony on November 23-24, 2017 at Cebu City.

Iloilo Science and Technology University qualified in the Higher Educational Institution Readiness for Innovation and Technopreneurship (HEIRIT) Development Program by the Philippine Council for Industry, Energy and Emerging Technology Research and Development (PCIEERD) of the Department of Science and Technology.

The development program is a preparatory program for Higher Education Institutions (HEIs) to implement, build and run a technology business incubator.

The university was included in the program after meeting the requirements on active Research & Development, existing business program/school, plans to institutionalize a Technopreneurship Program, partnership with active industry association, support from school administration, existing R&D Centers or laboratories and university counterpart funding for regional build up activities.

As one of the 20 universities qualified, ISAT U will be trained for hosting DOST Technology Business Incubators (TBI) all over the country. The validated training modules of the World Bank solely offered and distributed in the Asia and the Pacific by their subsidiary, InfoDev of Singapore and intensive training from the DOST-UP Enterprise, Center for Technopreneurship will be used for the implementation of the program.