DOST Readies Tech Assistance To MSMEs

The Department of Science and Technology (DOST) today unveiled its technological assistance program for the country’s MSMEs (micro, small, and medium enterprises) during the launch of its SETUP program.

Solidum’s SETUP program is expected to create a vibrant business environment, especially for the families of OFWs (Overseas Filipino Workers), whom the DOST is targeting to support in starting businesses. I Image: DOST Region 12

DOST Secretary Renato Solidum Jr. announced the SETUP program, which will allow budding entrepreneurs to upgrade their businesses.

This announcement was made during the launch of a partnership program with Megaworld Corp through its Lucky Chinatown Hotel in Binondo. The partnership project involves the free use of space for eligible businesses that the DOST has helped.

This will enable consumers to sample and buy their products, potentially increasing business volume for the enterprises assisted by the DOST.

At the launch, visitors were treated to various product samples ranging from indigenous fruit juices, rattan bags, peanut butter concoctions, sweets, and aromatic sprays for houses and cars.

The businesses, located on the ground and second floors of Lucky Chinatown Hotel, all received assistance from the DOST. The technological help includes innovations to upgrade products, processes, and operations, thereby boosting productivity and competitiveness.

According to DOST NCR Malabon research assistant Erica Magga, eligible businesses receive various forms of assistance from the government agency.

This includes energy audits, resource efficiency and cleaner production assessment programs, manufacturing productivity improvement programs, food safety consultancy programs, and packaging and labeling assistance.

With DOST's help, businesses can also get assistance in obtaining FDA approvals, Magga said.

SETUP, which stands for Small Enterprise Technology Upgrading Program, assists startups in food processing, furniture, gifts, decors and handicrafts, metals and engineering, aquaculture, marine and livestock, and even ICT and electronics.

Solidum’s SETUP program is expected to create a vibrant business environment, especially for the families of OFWs (Overseas Filipino Workers), whom the DOST is targeting to support in starting businesses.

MSMEs account for up to 90 percent of the labor sector, and with the DOST's push, the business landscape is expected to prosper, according to businessmen.