DOST V awards SETUP Assistance to Five MSMEs in Bicol Region
09 February 2018
The short-lived phreatomagmatic eruption at Mayon Volcano (Alert Level 4) did not deter the ceremonial project fund turn-over to five (5) micro, small and medium enterprises (MSMEs) in different priority sectors in Bicol Region. The ceremony was held officially last 23 January 2018 at DOST V Conference Room providing innovative system support of almost P4,518,100.00 thru Small Enterprise Technology Upgrading Program (SETUP). Project cooperators include three (3) food processing firms namely (1) Cozytops Pilinut Candy (2nd time availer of SETUP) in Daraga, Albay; (2) DM Bakery and (3) JSV Bakeshop (also a 2nd time availer of SETUP) both in Catanduanes Province.
One (1) firm is engaged in gifts, decors and handicrafts (Bisakol Outdoor Shop in Magarao, Camarines Sur) while E. Aesthetica Face & Body Care in Virac, Catanduanes is involved in health care products and services. During the awarding ceremonies, Ms. Angeline A. Zamudio, Science Research Specialist I reiterated the terms and conditions of the Memorandum of Agreement between DOST V and the cooperators giving emphasis on the mechanics of equipment procurement, implementation period and refund. Moreover, Director Tomas B. Briñas expressed optimism that with the program assistance and the cooperators’ full support, the projects will realize its objectives. For 2017, DOST V assisted 42 firms and facilitated 46 types of technological interventions to MSMEs in the Bicol Region. (Angeline A. Zamudio, DOST V – PMU)