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USTP – TPCO succesfully signed first deal with Best friend Goodies

 Wed, Jul 28, 2021 at 10:25 AM

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Cagayan de Oro City, Philippines – On July 16, 2021 the University of Science and Technology of Southern Philippines (USTP) and Bestfriend Goodies, Co. signed four (4) Technology Licensing Agreements for the adoption of food technologies developed by the Northern Mindanao Food Innovation Center. This endeavor is in line with USTP’s drive to push its innovations out of the laboratories and into the hands of industry partners through the process of technology transfer. 
 
The four food technologies listed below will be included in the menu of food products of the Philippine Department of Education for its feeding program: 
 
1. Ready-to-Eat Mung Bean Based Food with Coconut Milk
2. Ready-to-Cook Mixed Fruit with Coconut Milk
3. Shelf-Stable Sweet Chocolate Rice (Oryza sativa) Porridge in Pouch 
4. Ready-to-Eat Chicken Soup with Coconut Milk 

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Currently, USTP and Bestfriend Goodies are in the pre-commercialization phase where trainings on material preparation and processing of products are conducted. Moreover, technical and consultancy services will be provided by USTP on production, quality control, improvement, and packaging of the products for the entire duration of the licensing agreement. 
 
The singing of the Technology Licensing Agreements is a significant milestone not only to the USTP community but to the whole research and innovation ecosystem in the region which represents a formidable base of support for the academe, industry and community collaboration. Collectively, this is envisioned to leapfrog the university and the country’s goals towards socio-economic development. This landmark success is also seen as a trailblazing event which can stimulate and fortify collective efforts in providing value to society through research, innovation, and entrepreneurship. 
 
The technology transfer program of USTP is led by its Technology Promotions and Commercialization Office which has a two-fold mandate of protecting the university’s intellectual property and transferring its technologies for community or commercial use. 

Article by:    MONICA MABAYLAN-RUIZ