DOST, UPV, microfinance company partner for business competency

The Department of Science and Technology (DOST), the microfinance company Taytay sa Kauswagan Inc. (TSKI), and the University of the Philippines Visayas (UPV) have agreed to help entrepreneurs improve their competency. (Photo: DOST-NCR/Twitter)

ILOILO CITY — The Department of Science and Technology (DOST), the microfinance company Taytay sa Kauswagan Inc. (TSKI), and the University of the Philippines Visayas (UPV) have agreed to help entrepreneurs improve their competency.

They inked a memorandum of agreement on their collaboration during the opening of the three-day Regional Science and Technology (S&T) Week here Tuesday.

According to the DOST, their collaboration aims to address the holistic requirements of businesses. Under the agreement, the TSKI will provide business development training to entrepreneurs, while the DOST will extend technical support. UPV has a technology incubation facility funded by the DOST.

“Our long-term direction is to come up with three to four technology business incubators (TBIs) all over the region next year. We are also looking at food processing TBIs in the future,” said Rowen Galonga, DOST-Western Visayas director, in a press conference here.

Meanwhile, the Regional S&T Week carries the theme, “Science for the People”.

“It is important for us to celebrate S&T Week in every part of the country,” noted DOST Secretary Fortunato dela Peña during the event’s opening.

The event aims to make people from all walks of life realize the benefits of S&T, dela Peña added.