๐ฃ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ถ๐ป๐ฎ๐น ๐๐ฟ๐ฎ๐ณ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ฒ๐ป๐ฒ๐ณ๐ถ๐-๐๐ผ๐๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐ ๐ณ๐ผ๐ฟ ๐๐๐ฆ๐ง ๐ฃ๐ฎ๐ฟ๐ธ
Feb 6, 2025 | TTBDO
TTBDO office has presented the final draft of the ๐๐ฒ๐ป๐ฒ๐ณ๐ถ๐-๐๐ผ๐๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐ (๐๐๐) ๐ณ๐ผ๐ฟ ๐๐๐ฆ๐ง ๐ฃ๐ฎ๐ฟ๐ธ to the Chancellor Lyre Anni E. Murao and Former Chancellor Larry N. Digal, who is our internal reviewer, along with other project leaders. This benefit-cost analysis focuses on the development of a 12-hectare innovation hub in Davao, designed to foster regional economic growth and sustainable development over a 40-year period (2025โ2064).
The process began in August 2024 with a workshop to assess the initial feasibility of the KIST Park and optimize its potential benefits of five core initiatives of the KIST Park project: ARK & TechBridge IT Park, Biotechnology Innovation Center, Food Processing Plant, Translational Omics Research and Collaborative Hub (TORCH), and the Start-Up Innovation Hub. These initiatives aim to advance key sectors such as AI, biotechnology, food science, and the startup ecosystem.This was followed by consultations with experts based on the outputs of the workshop.
Primary data was also gathered from the general public, the academic community, and compliant informal settlers to assess their awareness, interest, and approval of the project. Secondary data, including market pricesย along with an extensive literature review, were used to monetize various costs and benefits associated with each initiative.ย
The next steps involve an external review, subsequent revisions, and eventual submissions to regulatory bodies like the Philippine Economic Zone Authority (PEZA) and the Environmental Compliance Certificate (ECC).