The Technical Education and Skills Development Authority on Friday said it will produce around 20,000 new businessmen with the launch of its “skillspreneurship” concept.
It aims to provide skills training in entrepreneurship for the graduates of the Training for Work Scholarship Program and other scholars of the agency.
Tesda Director General Guiling Mamondiong said they have coordinated with the Department of Trade and Industry and Department of Labor and Employment to implement the program.
Based on the plan, Tesda said the 20,000 entrepreneurs would each hire up to five employees to generate employment and entrepreneurship development.
“The program is a convergence of Tesda, DTI, DoLE, DSWD [Department of Social Welfare and Development] and the LGU [Local Government Unit],” Mamondiong said.
The Tesda regional or provincial director will forge a partnership among government agencies and other private entities, and the idea “is to fuse all programs and services in entrepreneurship development,” he added.
“The idea is that the skills acquired in TESDA training is utilized to come up with an enterprise idea,” Mamondiong said.
The concept will give the government the opportunity to widen the coverage of providing Filipinos skills through the development of entrepreneurship.
“Selected graduates of Tesda [TWSP scholar] will be trained on entrepreneurship development. The selection shall be done using an instrument that shall pre-qualify the graduate. The instrument may be provided by DTI,” Mamondiong said.
DTI will be tapped for the entrepreneurship development program, and will nurture the graduates and their feasibility study preparation, including its marketing aspect, until they can set up their own enterprise, also included in the program’s concept.
DoLE and DSWD will also provide capital assistance to Tesda, and create a group to establish family enterprises in the country. The LGU will then monitor and ensure the business created through skillpreneurship will run for the long term.