8/3/2019 Upv Igp Primer

1/2

INCOME GENERATINGPROGRAM

Overview

The program aims to optimize and promote

the use of the University's under/unutilized resources

by assisting technically and financially viable

income-generating activities in order to support and

further enhance it's primary function of serving

quality education to its students.

This program is in line with the Long-Term

Higher Education Development Plan (LTHDP) For

2001-2010 of the Commission on Higher Education,

which empowers SUCs to establish active income-

generating projects and promote profitable

management of its economic resources, such as

optimal productive use of idle lands, existing

facilities and other technical equipment. In its 1180th

Meeting (2004) the Board of Regents of the UP

System have approved a P2M fund specifically

defined for this program.

Your participation, determination and

commitment to help and support the IGP and the

University's drive to generate revenue will be very

much appreciated. We are looking forward to have

you as one of our prospective partners in this

university-wide undertaking.

The program will be implemented and

managed by the Office of the Vice Chancellor for

Planning and Development.

What type of income-generating activities are

covered by the IGP?

1) Straight Lease:

The university has a large base of physicalassets which include buildings/rooms, land, equipment,research facilities, venues for seminars & conferencesthat are available for lease at reasonable rates. Interested

applicants, who may either be UP or non-UP relatedindividuals or groups (public or private), may enter intoa contract of lease with the University through theconcerned unit.

2) Partnership with the University:

This is a cost/profit-sharing venture between

the applicant and the University. The University can

have collaborative efforts in the form of funding,

technical assistance and labor. Applicants, may also beUP or non-UP related individuals or groups who are

interested in supporting the University. The interested

party may forward a proposed partnership agreement

with the University addressed to the Office of the

Chancellor.

3) University Funded Activity:

The University has set aside an initial fund to

finance projects that will generate revenue. The

interested applicant can avail of a loan at a minimal

interest rate upon approval of the business plan

proposal. This activity is governed by the Implementing

Guidelines on University Funded Activities.

Who can apply for the UniversityFunded Activity?

All members of the faculty & staff of

the University, either as individuals or in

groups, are qualified under this IGP

component. Non-permanent employee may also

apply provided they have a tenured partner.

How to apply for the Income GeneratingFund?

Those who are interested can approach

the Business Manager (BM) and discuss

possible income generating activities. The

applicant should eventually prepare a business

plan proposal. The BM will assist the person or

unit in assessing the viability of the business

plan. The following are the requirements:

1) Endorsement from the Deanor Unit Head

2) Business plan proposal

8/3/2019 Upv Igp Primer

2/2

Other important matters about the UFA:

The project should help maximizeunder/unutilized resources for research,instruction and extension. The optimal useof these assets should not be in conflictwith the University's primary function ofserving quality education to its students.

Applicants should demonstrate theexpertise, commitment and determinationto exert best efforts in order for the projectto be sustainable and self-financing in 2-3years.

The maximum loanable amount is 10% ofthe P2M IGP fund as approved by the

BOR (1180th Meeting, 2004).

A minimal interest rate of 6% per annumwill be charged to the loan at a flexiblerepayment scheme depending on the

proposed project.

The project should consider the profit-sharing scheme set in the program.

The project should identify theuniversity's equipment/facilities & utilitiesto be used and should consider their rentalpayments.

All direct costs such as labor, materials,utilities and equipment rentals, and otherdirectly related costs should be included inthe funds being applied for.

Applicants assume accountability andresponsibility for the loan and thus,he/she/they should handle and manage itexclusively for the income generatingproject.

What types of projects are eligible for funding?

The UPV-IGP may provide financialassistance to projects that are consistent with theprimary goal of the University. These include, butare not limited to, such activities as:

Training & Consultancy, inside andoutside the University

Educational, business & professionalservices Stage Production, Art Exhibit Information and communication

technologies Life sciences and aquaculture Value-added food production Agro-forestry production, Agro-

ecotourism, Cutflowers, Seedlings Student Services (ex. 24-hour convenient

store) And other services

What should project proposals include?

Your written project proposal shouldinclude the following information:

Executive Summary/Rationale Business/product concept Industry and market analysis Funding Requirements Financial Plan Management Implementation Program Attachments & indices

========

Those who are interested may see theBusiness Manager at

OVCPD, 2nd Floor New Administration Building,UP in the Visayas, Miag-ao, Iloilo

or call at 3158137 or local 130.Business plan format is available at

http:/intranet.upv.edu.ph.

University of the PhilippinesUniversity of the Philippines

VisayasVisayas

Income GeneratingProgramPrimer