DOST to fund NegOcc MSMEsí tech upgrade

BACOLOD City¬†¬Ė The Department of Science and Technology (DOST) allocated a P17.7-million fund for the implementation of technology innovation projects of micro, small, and medium enterprises (MSMEs) in Negros Occidental.

Most of the existing beneficiaries in the province are those in food processing and metals and engineering sectors, said DOST provincial director Allan Francis Daraug.

The funding assistance is provided through the agency’s Small Enterprise Technology Upgrading Program (SET UP) Innovation Fund (i-Fund).

SET UP is the DOST’s key strategy to boost the competitiveness of MSMEs through the provision of science and technology-based interventions.

Daraug noted the beneficiaries will repay the total cost of the assistance to the government for three years without interest.

These include technical consultancy services, product development, process and equipment upgrading, technology training, laboratory and testing services, and packaging and labeling assistance.

Priority sectors are those belonging to food processing, furniture, gifts, decors and housewares, agriculture, aquaculture and marine, metals and engineering, information and communications technology, and pharmaceuticals products.



Other News from Region 6

DOST-TAPI's ISP collaboration with PSHS expands in Visayas for Trainors' Training
Posted: Saturday, October 27, 2018
Iloilo City ¬Ė The Technology Application and Promotion Institute of the Department of Science and Technology (DOST-TAPI) conducted the "Capacity Building for the Philippine Science High School (PSHS...   read full story

Longline method provides higher ROI, increased mussel production
Posted: Friday, October 26, 2018
Dr. Carlos C. Baylon of the University of the Philippines Visayas (UPV) presents his paper, "Grow out Culture of the Green Mussel in the Philippines: State of the Art" (Image credit: Genevic R. ...   read full story

DOST reiterates support towards ¬Ďbigger and safer mussels for every Juan'
Posted: Thursday, October 25, 2018
  Department of Science and Technology (DOST) Secretary Fortunato T. dela Pena, during his keynote speech in the First Philippine Mussel Congress, underscored the commitment of the department ...   read full story

Water management and aeration key in growth, survival, and settlement of green mussel in hatchery management
Posted: Thursday, October 25, 2018
  Ms. Fidelia Flor C. Mero of the University of the Philippines Visayas (UPV) shared that based on the results of their study, changing water every three days was effective in maintaining the ...   read full story