THE UNIVERSITY of Science and Technology of Southern Philippines has partnered with the Philippine Veterans Investment Development Corporation for the site allocation of the school’s Villanueva campus.

A Usufruct Agreement was signed between USTP System President Dr. Ambrosio Cultura II and PHIVIDEC Administrator and Chief Executive Officer Jose Gabriel La Viña.

“With the agreement, PHIVIDEC Industrial Authority shall have a seat in the Advisory Council of the Technology Business Incubation and assist in coordinating with the PHIVIDEC Industrial Estate Misamis Oriental in Barangay San Martin, Villanueva, Misamis Oriental in relation to research and development,” USTP said.

Under the agreement, the PHIVIDEC Industrial Authority will allocate five hectares for the establishment of the campus for USTP Villanueva and Research and Development Facilities inside the PIEMO.

The agreement allows USTP to use the site for 25 years.

“USTP Villanueva has academic offerings that directly respond to the knowledge and skills needs of the locators within the PHIVIDEC Industrial Estate. It is envisioned to catalyze productive academe-industry relationships and strategic capacity-development activities of industry partners,” it added.

La Viña said the collaboration will mutually benefit the academe and the PHIVIDEC in terms of the opportunity to work directly with the locators and the quality of graduates added to the industry.

“We are here to help our young people to help families create a better life and better future,” he said.