The Department of Trade and Industry (DTI) and the Benita & Catalino Yap Foundation (BCYF) signed Tuesday a strategic partnership to help more micro, small, and medium enterprises (MSMEs) innovate.
The MOA signed by BCYF chairman Antonio Yap and Trade Secretary Fred Pascual aims to create more collaborative effort to help MSMEs in the Philippines.
“We at the DTI remain committed to empowering our MSMEs through several digitalization and innovation efforts anchored on our science, technology, and innovation (STI) driven approaches. Through a whole-of-government approach, we are actively working with both public and private sector to enhance our MSMEs competitiveness and facilitating their integration in the global market,” Pascual said.
The DTI underscored the unified commitment of DTI and BCYF to nurturing an environment conducive to the growth and advancement of MSMEs in the Philippines.
The tie-up signifies a transformative alliance, highlighting the fundamental significance of innovation and entrepreneurship in uplifting the MSME sector, thereby driving sustained economic growth and comprehensive development for the country.
The BCYF’s Project Commerce plays a pivotal initiative aimed at bolstering the technology business incubators (TBIs) across various state universities and colleges (SUCs) nationwide. The project serves as a significant support system, fostering technological advancements and entrepreneurial endeavors within these institutions.