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PIA Press Release

DOST spends P16.75-M for MSME's technology upgrading projects

by Lito Dar

Baguio City (1 May) -- The Department of Science and Technology (DOST) through the Small Enterprise Technology Upgrading Program (SET-UP), funded more than P16,758,514.73 worth of Micro, Small and Medium Enterprises (MSMEs) projects in the region since its implementation in 2003.

DOST's Benguet Provincial S&T Center Director Dr. Arnold Inumpa stated that as of February 2009, there are 46 SET-UP projects for the whole region. He is urging MSMEs in Benguet, as well as those from the other provinces in CAR to avail of the program in order for them to expand and develop their businesses

Inumpa explained that SET-UP is DOST's flagship project. It is a non-collateralized and interest free program, which was developed in response to President Gloria Macapagal Arroyo's call for more focused assistance programs for MSMEs.

SET-UP focuses on six priority MSME sectors namely: Food Processing, Marine and Aquatic Resources, Furnitures, Gifts, Toys and Housewares (GTH), Horticulture, and Metals and Engineering.

"It aims to promote countrywide development by upgrading MSMEs, through technology application and upgrading. Through SET-UP, MSMEs can expand their business and earn more, create employment and help the country's development and economy as well", Inumpa said.

The program is open to individual, group, association or cooperative with pre-existing legal business or enterprise, which they plan to upgrade or develop," Inumpa added.

According to Inumpa, MSME have to do is to visit the provincial S&T Centers in their area. DOST will assist them in their application including in their project proposal.

Inumpa also explained that the SET-UP project does not only offers technology or equipment upgrading. It also offers provision of technology such as Technology Need Assessment, Innovation System, manpower training, consultancy and technical advisory service.

Under SET-UP, DOST also offer Product Standard Testing, Packaging and Labeling, Data Base Management Information System, and Linkaging/Networking - for raw material sourcing, marketing, technical/entrepreneurial, financing and equipment design/fabrication.

For Benguet enterprises, Inumpa said there were only eight approved projects so far in La Trinidad, Kabayan, Bugias and Bokod. There are present applications from entrepreneurs in Tublay and Tuba. (PIA) [top]

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