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DOST DEVELOPS YOUTH ENTREPRENEURIAL COMPETENCIES PDF Print E-mail
Wednesday, 02 December 2009 18:14

Graduating college students, young professionals and out-of-school youths in selected academic institutions and non-government organizations (NGOs) can avail of services from the Department of Science and Technology (DOST).

Under the DOST-Academe Technology-Based Enterprise Development Program (DATBED), DOST will develop the entrepreneurial competencies of the youth while at the same time create income-generating projects for the involved institutions or NGOs where they belong to. 

DATBED is a feeder program under the Small Enterprise Technology Upgrading Program (SETUP) of DOST which accelerates the establishment of small-scale technology-based enterprises in the countryside.

Through the DATBED program, the youths will be trained in enterprise development by providing them access to funds, facilities and technologies for technology-based enterprises.  It will also foster stronger DOST-Academe/NGO linkages by tapping available technical services, expertise and facilities in establishing technology-based income-generating projects.  The DOST will also provide initial capital to the youth for the full commercialization of their technology-based projects.

To qualify for the assistance, the academe/institution where the youths are enrolled must preferably be located or providing services to a depressed province/city/area.  It also should offer science and technology courses and entrepreneurship development program.  It has a student-faculty ratio of at most 25:1 in the S&T courses and entrepreneurship development program and has facilities/resources available for use of the proposed technology-based projects.

For an NGO to qualify for the program, it should have an existing/completed youth development programs or activities; must have approved board resolution indicating interest to be accredited under the program; must have an available core team of advisers and program management support and must be registered with the Securities and Exchange Commission (SEC) or Cooperative Development Authority (CDA).

A comprehensive implementing plan must be submitted to DOST Regional Office 10 which includes the following supporting documents:  organization of a core of team of advisers; fund management plan; project management plan; repayment scheme for recipients; selection scheme for recipients; selection scheme for recipients; project monitoring scheme; and financial assistance administration and profit-sharing mechanism.

For more information about the DATBED Program of DOST, you may visit the DOST regional or provincial office, or visit its website, http://region10.dost.gov.ph.  #(Tess Superioridad Baluyos, This e-mail address is being protected from spambots. You need JavaScript enabled to view it )