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The Department of Trade and Industry (DTI) is making great strides in fostering youth entrepreneurship by strengthening its collaboration with the Aurora State Technical University (ASCOT) in San Fernando. This initiative aims to provide students with the tools, guidance, and opportunities needed to turn innovative ideas into successful business ventures.
foster entrepreneurship
The strengthened partnership between DTI and ASCOT is expected to instill an innovative and entrepreneurial approach among students. The initiative aims to encourage students to explore entrepreneurship as a viable career path through the provision of grants, access to technology, mentoring sessions, workshops and networking opportunities. The move is aimed at creating not just job seekers but also job creators who can contribute to economic growth through Micro, Small and Medium Enterprises (MSMEs).
The role of the Young Entrepreneur Program (YEP)
At the heart of this partnership is the Young Entrepreneur Program (YEP), a national initiative by DTI aimed at fostering entrepreneurship among young people. In addition to serving as an income-generating project, YEP has also helped students embark on entrepreneurial ventures, such as an organic fertilizer vermicomposting project that integrated hands-on business experience with their academic studies.
Impact and future prospects
This collaboration between DTI and ASCOT signals a promising future for entrepreneurship education in the Philippines. By providing students with the right resources and support, this initiative not only fosters an entrepreneurial spirit, but also paves the way for innovative solutions to emerge from the younger generation. This is a step towards creating a more vibrant, inclusive and sustainable economic environment driven by empowered young entrepreneurs.
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