Cordillera MSMEs provided P22.23 M for technology upgrading in 2014

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BAGUIO CITY (PIA) – – The Department of Science and Technology under its  Small Enterprise Technology Upgrading Program (SETUP) provided around P22.2 million funding assistance to boost the productivity and competitiveness of Micro, small and Medium Enterprises in Cordillera  in 2014.

DOST-CAR  Regional Director Julius Caesar Sicat reported that the funding assistance were  for  52 approved projects with  three  in Abra, six in Apayao, nine each in Baguio City, Benguet and Kalinga; five in Ifugao and 11 in Mountain Province.

Per sector,  32 of the projects  were  on food processing, 11 on metals and engineering, four on Gifts, Decors and Handicrafts, three  on Horticulture/Agriculture, and two  on furniture business.

Sicat  bared  that through the initiative of DOST Secretary Mario Montejo, the department plans to double the budget for SETUP to  reach out to more enterprises.

“Secretary Montejo is very happy with the effect of the SETUP to the economy. Many local enterprises are already graduating from micro to small, from small to medium to large enterprises because of the SET-UP assistance, which is why he is pushing to double the program’s budget for this year, so that we can reach-out to more enterprises”, Sicat said.

SETUP is a nationwide strategy encouraging and assisting MSMEs to adopt technological innovations to improve their products, services, operations and increase their productivity and competitiveness.

Priority MSME industries  for the SETUP programs are Food Processing; Furniture; Gifts, Decors and Handicrafts (GDH); Aquatic and Marine; Horticulture/Agriculture; Metals and Engineering; Information, Communication and Technology/Electronics; and Health products and Services/pharmaceuticals.(JDP/CCCD-PIA,CAR)

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