|DOST DEVELOPS YOUTH ENTREPRENEURIAL COMPETENCIES|
|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.