SCIENCE CITY OF MUÑOZ (PIA) -- Department of Science and Technology (DOST) is urging micro, small, and medium enterprises (MSMEs) in Central Luzon to avail of the program that could help them improve their productivity by adopting new technology in their processes. 

The Small Enterprise Technology Upgrading Program (SETUP) is a flagship program and nationwide strategy of DOST specifically focused on providing technical assistance to MSMEs to enhance their productivity and competitiveness.

DOST Region III Senior Science Research Specialist Amiel Carreon emphasized the significance of assisting MSMEs, which play a crucial role in the local economy, contributing a substantial percentage of businesses in the region.

"It is a government strategy to help these MSMEs, as they are the ones who need assistance due to their very limited resources. It has been proven even in other countries that focusing on supporting such sectors is essential to stimulate activities in an area to alleviate poverty," he stated.

Carreon said that by infusing technology, the program aims to inject value creation to their products, fostering a beneficial cascade in terms of employment and economic development.

SETUP prioritizes various sectors including food processing, agriculture, poultry, livestock, forestry, marine products, metals, and fabrication.Also, construction-related products, gifts, decors, handicrafts, wearables, furniture, health and wellness, and creative industries.

Carreon mentioned that the program employs a range of strategic approaches to provide comprehensive assistance to MSMEs.

Initially, SETUP conducts a Technology Needs Assessment to determine the appropriate technology for each business. To complement this, the program offers technical training and consultancies to ensure that MSMEs have the necessary skills to utilize the acquired technology.

Furthermore, the program extends its support to regulatory compliance by providing assistance to businesses in meeting the required standards and regulations.

MSMEs qualified for SETUP are Filipino-owned entities with a capitalization of P100 million and below, operating within priority sectors for at least three years and maintaining a commendable track record.

“They must provide mandatory requirements such as permits, financial statements, quotations, official receipts from the Bureau of Internal Revenue, a letter of intent, and a project proposal. This is to verify the legitimacy and financial capacity of participating MSMEs to ensure they are well-equipped to benefit from the technology provided,” he added.

Interested applicants may visit the DOST Central Luzon Regional Office or the Provincial Science and Technology Office in their area. (CLJD/MAECR-PIA 3)