Philippine Government Promotes Technology-Based Entrepreneurship Nationwide

The Philippine government has unveiled a plan to promote technology-based entrepreneurship as a key strategy to improve the country's economy and create jobs for Filipinos. According to the 2004-2010 Medium-Term Philippine Development Plan (MTPDP), the government aims to develop a critical mass of scientists and researchers to enhance livelihood activities. The plan also includes the upgrading of existing laboratories and the establishment of new facilities to encourage research in technology-based entrepreneurship. An information dissemination campaign will be launched to reach rural areas and increase access to new technologies.

Key Takeaways:

• The Philippine government has identified technology-based entrepreneurship as a key policy to improve the country's economy and generate jobs, as outlined in the 2004-2010 Medium-Term Philippine Development Plan (MTPDP).
• The government aims to develop a critical mass of scientists and researchers to help develop new mechanisms that will enhance livelihood activities.
• Existing laboratories will be upgraded, and new facilities will be established to encourage research in technology-based entrepreneurship.
• An information dissemination campaign will be launched to increase access to new technologies in rural areas.
• The government will continue pursuing demonstration projects and income-generating ventures, such as micro-enterprises and small and medium enterprises, for possible financing from the Development Bank of the Philippines and Land Bank of the Philippines.
• The administration aims to create between six to 10 million work opportunities within the next six years.
• Extension of free patent search for micro-businesses and SMEs will be another strategy to promote technology-based entrepreneurship.
• The government will also develop mangrove and fish sanctuaries to encourage ventures into mariculture, a specialized branch of aquaculture that can help increase food production in the country.
• Mariculture can be undertaken either in the natural environment of organisms or in ponds and raceways.

Statistics:

• The Philippine government aims to create between six to 10 million work opportunities within the next six years.
• The Medium-Term Philippine Development Plan (MTPDP) covers the period from 2004 to 2010.
• The plan includes the upgrading of existing laboratories and the establishment of new facilities to encourage research in technology-based entrepreneurship.

Sources:

• "Medium-Term Philippine Development Plan (MTPDP)" (2004-2010)
• (PNA) 28-10 2017