“In the not so distant future, we look forward to exporting world-class Filipino herbal medicines,” Philip adds as he sees a bright future for Herbanext.
Engr. Rowen Gelonga, Regional Director for DOST VI explained that in Western Visayas, for the past 5-6 years that the S4CP has been implemented, “we have seen a positive impact on the Science, Technology and Innovation climate”, Gelonga shares.
Gelonga adds that there is a very significant increase in the research and development investment in the region and thankfully resulted to positive R&D outputs as well citing the example of Herbanext, which is an indicator that a private sector is now willing to invest money on R&D which is almost unheard of for a MSMEs. “It’s a watershed moment for us because it shows that the private sector realizes that STI is a very good investment if you aspire for not only local but global competitiveness”, Gelonga muses.
Herbanext Research-Engineer Andrea Farol affirms that the very favorable financial assistance of mortgage free loan for three years, a researcher from a private company especially from MSMEs will have the peace of mind to focus on the research job and will have ample time to commercialize the technology.
“We have been able to procure equipment and with this, we’ve been able to establish the Applied Research Innovation Laboratory (ARIL) that has helped us work with also other researchers from the academe and other private companies. ARIL is a