DOST–SETUP program has P17M for biz men in Neg. Occ.

By Lorenzo Lambatin, Jr.

BACOLOD City — The Department of Science and Technology (DOST) in Negros Occidental has set aside P17 million for its Small Enterprise Technology Upgrading Program (SETUP) program.

Science Research Specialist II Engr. Glady Reyes said three applicants have already submitted the proposals that will enable them to avail of various services and, if qualified, get a loan of up to P3 million for small medium enterprise (SME) and P500,000 for micro, small and medium enterprises (MSMEs).

She said entrepreneurs can request free training for their specific needs, packaging enhancement and various consultancy assistance.

The SETUP program, Reyes said, aims to enhance the competitiveness of SMEs, strengthen resilience and improve their productivity.

The six priority sectors in this program include food processing, furniture, gifts, decors & handicrafts, marine, and aquatic resources horticulture (cut flowers, fruits, high-value crops), and metals and engineering.

Under the manufacturing productivity program, applicants can avail of equipment upgrades that will be assessed by DOST consultants. It is payable for three years and is interest-free, she added.

Among the requirements needed are: for SME applicants- a three-year audited financial report, a mayor’s permit, BIR registration, and DTI registration. MSME applicants will be required a one-year audited financial report, mayors permit, BIR registration, and DTI registration.

Interested parties may visit the DOST office at Cottage Road, Bacolod City, fronting the Hall of Justice Building, or call Tel. No. 4359175. (PIA)