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PIA Press Release
2008/11/12

Region 10 technology adoptors bag awards

by Tess Superioridad Baluyos

Cagayan de Oro City (12 November) -- Once again, technology adoptors from Region X made it to national and international limelight by grabbing awards.

Recently, Cagayan de Oro Handmade Papercrafts, Inc. received a 13M grant from the Australian Government's Enterprise Challenge Fund (ECF), the first grant awardee from the Philippines.

The grant is the highest so far approved by the ECF among participating countries in the Asia-Pacific region.


CDO Handmade Australian Award - Cagayan de Oro Handmade Papercrafts, Inc. Vice President Lolita Cabanlet receives the P 13-million grant from the Australian Ambassador Rod Smith as part of the Australian government's Enterprise Challenge Fund (ECF). Funded by the Australian Agency for International Development (AusAID), the ECF provides businesses with grants ranging from Php 3.8 million (Aus$100,000) to Php 57 million (Aus$ 1.5M) to support sound business ideas that can also have a positive impact on poverty reduction. Also in picture are ECF-Philippine Manager Jason Magnaye (extreme left) and Counselor for Development Cooperation Sam Zappia (extreme right). (DOST Photo)

The award was granted because of the economic impact of the company to abaca farmers of Malitbog, Bukidnon and Claveria, Misamis Oriental.

Cagayan de Oro Handmade Papercrafts uses abaca fibers for its handmade papermaking business.

Funded by the Australian Agency for International Development (AusAID), the ECF provides businesses with grants ranging from Php 3.8 million (A$100,000) to Php 57 million (A$ 1.5M) to support sound business ideas that can also have a positive impact on poverty reduction.

By providing up to half of the project's costs, the Fund helps otherwise profitable business projects overcome external obstacles and share some of the risk.

ECF operates in Cambonia, East Timor, Fiji, Lao PDR, Papua New Guinea, Southern Philippines, Solomon Islands, Vanuatu and selected provinces of Indonesia.

SLERS Industries, Inc., a food processor in Cagayan de Oro City, Misamis Oriental, was declared as the first national winner for Best in Business Excellence in the Productivity Olympics 2008, for medium and small establishment categories.

The Productivity Olympics is a national competition of good productivity practices focused on people development and business excellence among micro-small and medium enterprises (MSMEs) nationwide. It is organized by the National Wages and Productivity Commission in coordination with the Regional Tripartite Wages and Productivity Board with the theme, "Improving Productivity Competitiveness."

Aside from the plaque of recognition and cash award, Slers Industries is authorized to use the Productivity Olympics logo in its product publicity for three years and will be given priority endorsement to training programs organized by RTWPB and DOLE.

Two other nominees for the Productivity Olympics from region 10 are VJANDEP Bakeshop of Camiguin and Darling Food Products, also from Cagayan de Oro City.

CDO Handmade Paper Industries, Slers Industries, VDJANDEP Bakeshop and Darling Food Products are beneficiaries of the Small Enterprises Technology Upgrading Program (SETUP) of the Department of Science and Technology. (DOST-10) [top]

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