In line with the commercialization of inventions and other projects funded by the Department of Science and Technology – Philippine Council for Agriculture, Aquatic and Natural Resources Research and Development – Technology Transfer and Promotion Division (DOST-PCAARRD-TTPD), Benguet State University (BSU) hosted a face-to-face National Valuation Training Batch 1A. This was held from August 25-29, 2025, at Olive Town Center and Hotel, Baguio City.
The event was facilitated by the Regional Agribusiness Hub of the Cordillera Administrative Region – Regional Agri-Aqua Innovation System Enhancement (CAR-RAISE) program in partnership with the Association of PAQE Professionals, Inc. (APP). This was attended by 39 participants from the 26 Consortium Member Institutions from CAR, Region I, Region IV, and Region V.
In the opening program, BSU President Kenneth A. Laruan emphasized that the participants gathered to discover how the innovation can be brought to life, citing a quote from Thomas Edison, “the value of an idea lies in the using of it.”
Laruan noted that many ideas from students and researchers often remain in libraries and publications. He emphasized the training aims to help them see beyond and explore opportunities for commercialization.
Following Laruan’s message, APP President Editha R. Hechanova thanked BSU for hosting the training. She highlighted that the training is designed to help state universities, colleges, and Research and Development Institutes (RDIs) assess their technologies’ feasibility for commercialization.
“Not only are you contributing to the vast knowledge already out there but perhaps making living less problematic for some and more productive, pleasant, safe, and perhaps enjoyable,” she said, explaining that researches are possible inventions that can solve problems and enhance human lives.
Hechanova added that the training provides a “more concrete measure” of a research output’s value. This also helps in attracting grants and scaling up the commercialization of inventions.
To bring better understanding and techniques in coming out with more accurate measure of the value of the technologies, experts led by Don Thed J. Ramirez, along with Emil John Cabrera and Fitz D. Jimenez shared their knowledge. The experts presented a five-day training program focused on IP valuation and its role in commercializing research. The training included sessions on fundamental IP concepts, market analysis, and various valuation methodologies.
On the first day, Cabrera provided an overview of the basics of Intellectual Property (IP), including discussions on Technology Readiness Level (TRL) and strategic environmental analysis using SWOT and PESTEL frameworks. Following this, Jimenez introduced the TAM-SAM-SOM framework for analyzing the market potential. The day concluded with Ramirez’s session on the introduction of IP valuation and cost method.
The second day, led by Jimenez and Ramirez, focused on the Income Method of valuation. Jimenez covered the background to income method & key concepts of DCF approach Ramirez then discussed the Relief from Royalty and Excess Earnings models.
The third day was dedicated to the Market Method, with Ramirez explaining the 25% Rule and the Industry Standard Model. He later joined Cabrera for a session on the advantages and disadvantages of market method, followed by a summary of valuation techniques.
On the fourth day, Ramirez lectured on creating leverage in negotiations and the use of IP valuation models for negotiation practices. The training concluded on the fifth day where participants presented their outputs they developed during the workshops. A socialization dinner and games was also held as a part of the program’s activities.
Following the presentation of outputs, Hechanova congratulated the participants for completing the five-day course and thanked BSU for hosting the training. She noted that the participants’ presentations showed the training to be “exceedingly fruitful.”
Hechanova also shared the three stages of the valuation process: defining the context and purpose, performing the valuation, and reporting to the university. She added that the facilitators guided participants in identifying assets to be valued, provided additional information, and introduced various valuation methods to further develop their skills.
In her closing remark, RAISE CAR Program Leader Ruth C. Diego said that there has been a challenge of commercializing technology in the universities. She then extended her thank to the DOST PCAARRD, APP, and the experts for their support.
Diego commended the participants’ willingness to learn and share knowledge for the betterment of their agencies. She also hoped that the participants enjoyed the training and congratulated everyone involved in the training.//BTayaban
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