THE Board of Investments (BoI) said it has signed an agreement with Adamson University that will encourage students and academics to explore and tap technology transfer opportunities from industry.

In a statement on Wednesday, the BoI said the memorandum of understanding (MoU) was signed with Adamson University on March 29. The agreement defined the areas of cooperation as technology pitching, reverse technology pitching, research and development consultation, and capacity-building activities for both the academic staff and students.

“(The MoU) will help faculty and students understand the different industries — their needs and challenges — and possibly adapt to the future skills requirements as well as close the gaps in the industry value chains to achieve our shared objectives of industry development for quality employment of our graduates,” BoI Managing Head Ceferino S. Rodolfo said.

“This is a step forward in utilizing expertise and gaining access to skilled faculty researchers and students providing solutions to industry problems,” he added.

According to the BoI, the MoU is an offshoot of its Academe-Industry matching activity conducted in October 2021, undertaken with two foreign companies and 17 academic institutions. The matching activity explored opportunities for on-the-job training, recruitment, and industry collaboration, and discussions of workplace skill requirements.

“The activity was followed by the joint organization of Adamson’s Talk-N-Tech event in November 2021, which aimed to connect local industries with the university’s research and development initiatives,” the BoI said. — Revin Mikhael D. Ochave