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Philippines : DOST, MSMEs in NegOr ink SETUP worth P1.4M.

The Department of Science and Technology (DOST) and three micro, small and medium enterprises (MSMEs) here signed a memorandum of agreement (MOA) for technology upgrading of processing equipment and other assistance through the Small Enterprise Technology Upgrading Program (SETUP).

Engr. Reinhold Jek Abing of DOST said the move aims to help MSMEs become more competitive.

The MOA was signed by DOST Negros Oriental Provincial Science and Technology Director Atty. Gilbert R. Arbon and EMs Dress Shop represented by Imelda Siagan, Hazel Lynn Asignar of Ninangs Kitchen, and Virgilio Anqui, Jr. of VL Motor Parts.

EMs Dress Shop project proposal worth P685,000 is on technology upgrading on high-speed production of digital embroidered and customized apparel.

For Ninangs Kitchen, the proposal on technology upgrading for the efficient production of bagoong, peanut butter and chilli sauce is worth P700,000, while VL Motor Parts signed the MOA with DOST for the project proposal on motor reboring technology worth P200,000.

All three MSMEs secured final approval from DOST-7, said Abing.

It will be noted that they also secured initial approval from the Regional Technical Evaluation Committee of DOST 7 during the en banc held last month at Provincial S&T Center of DOST Siquijor, he added.

Prior to the MOA signing, DOST conducted Technology Needs Assessment (TNA) in order to identify appropriate processing equipment and assistance needed by the MSMEs.

The three firms have been registered with the Department of Trade and Industry, Bureau of Internal Revenue, and respective local government units.

The MSMEs were also operating for the last three years as proven in the submitted audited financial statements for the last three years of operation.

All interested MSMEs that will qualify for the DOST SETUP are encouraged to apply by visiting DOST Negros Oriental or email or contact cellphone number 0975-197-8330.

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Publication:Mena Report
Geographic Code:9PHIL
Date:Jun 18, 2019
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