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Bacolod City, PhilippinesFriday, October 18, 2013
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MSMEs cited for role
in inclusive growth

The micro, small and medium enterprises in the country are not only major players in the country's economy, they also play important roles in achieving the government's thrust of “inclusive growth,” an official of the Department of Science and Technology said.

DOST Assistant Secretary for Strategic Plans and Programs, Robert Dizon, who attended the opening rites of the three-day Visayas Science and Technology Fair Wednesday, in an unnamed venue, said the government recognizes the potentials of MSMEs amid the recent bullish economic growth of the country.

Dizon said the agency's new development strategy, dubbed “Smarter Philippines”, aims to adopt innovative, better and more cost-effective ways of doing things using S&T.

To support the sector, the DOST is leveling up and retooling its Small Enterprise Technology Upgrading Program in terms of product development, technology training, product and equipment upgrading, greener technology adoption, energy efficiency, productivity improvement, laboratory and testing services, packaging assistance, among others.

For next year, the DOST has allotted P58 million worth of technological interventions for MSMEs, he said.

The SETUP program started in 2002 with a budget of only P15.4 million that initially supported 38 MSMEs.

The budget increases yearly and, as of 2012, the SETUP has helped 1,951 MSMEs with a total of P1.02 billion worth of technology support.

In Western Visayas, DOST-6 has already released P150 million worth of assistance to MSMEs.*PNA

 

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