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CALABARZON

DTI launches YEP in Calabarzon

by Cecilia Maloles
October 5, 2019

MOU Signing Between DTI IV-A and PCCI in CALABARZON Shifting from Government-Led to Private Sector-Led Advocacy on Ethical Business Practices during the 5th CALABARZON Regional MSME Development Council Conference.



CALAMBA CITY, Laguna - In its effort to encourage the youth to become productive individuals through entrepreneurship, the Department of Trade and Industry (DTI) launched the Youth Entrepreneurship Program (YEP) in CALARZON during the 5th Regional Micro Small Medium Enterprise(MSME) Development Council Conference held at the Provincial Cultural Center in Sta. Cruz, Laguna recently.

The YEP, with official tagline, “Harnessing Our Own Resources for the Advancement of the Youth (HOORAY)," is targeting to help aspiring and existing entrepreneurs aged 18-30: Out-of-School Youth, In-School Youth, Youth with disabilities and IPs and Unaffiliated youth (walk-in).

DTI 4A Regional Director Marilou Q. Toledo in her message said, “we want to promote youth entrepreneurship in the CALABARZON and to inspire and capacitate these young people to become smarter and competitive entrepreneurs.”

DTI Secretary Ramon M. Lopez, in his keynote address, emphasized the department’s 7Ms for Accelerating Competitiveness of Young Enterpreneurs. These are: Mindset Change, Models of Business, Mastery, Mentoring, Money, Machines and Market Acess.

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The secretary particularly stressed the youth’s potential saying, “kayong mga kabataan, ang taas ng potential ninyo. Basta hanapin nyo ang passion niyo at tamang business model para sa inyo ay tutulungan kayo ng mga mentors ng DTI.”

(You, the youth, you have high potential. Just look for your passion and the right business model for you and the DTI mentors will help you.)

The conference was attended by about 300 participants. Majority were aspiring and existing entrepreneurs, members of the Regional and Provincial MSME Development Councils, Industry Cluster Leaders, Development Agency-Partners, Banks and Financing Institutions, the academe, NGOs and NGAs.

Highlights of the event included: the Laguna Youth Enterprise Mini Trade Fair showcasing Laguna’s MSMEs; the signing of Memorandum of Understanding between DTI IV-A and PCCI in CALABARZON on the Shifting from Government-Led to Private Sector-Led Advocacy on Ethical Business Practices; and Conversation with Founders, Chairpersons and Proprietor of different companies and corporations in the region who served as resource persons in several topics on entrepreneurship and business.

The YEP according to DTI supports the government’s growth agenda and of doubling the number of entrepreneurs in the country by 2022 which will in turn broaden the gains of economic development, address inequality, and uplift the quality of life of Filinos, particularly the youth.

With YEP's components Youth Start, Youth Net and Youth Match, DTI is looking forward to achieve the end goal of improving national development by encouraging the youth to create upbeat actions towards strengthening economic independence among individuals and communities. (Cecille Maloles, PIA4A)

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