The Department of Science and Technology R02 thru the Provincial Science and Technology Center Nueva Vizcaya assisted eight firms this first semester of the year thru the Small Enterprise Technology Upgrading Program (SETUP).
SETUP is the banner program of DOST in assisting micro small and medium enterprises thru upgrading of production processes. The DOST will fund the acquisition of identified technology or equipment that will increase the firm’s productivity. The firms are expected to repay the amount within three years in a monthly basis thru postdated checks.
During one of the series of awarding, Regional Director Sancho A. Mabborang expressed his expectation that the financial assistance would be of help to the success of their business.
On the other hand, he hopes that they will not depend the success of their business to the iFund alone. He said that though this doesn’t guarantee success, being a SETUP beneficiary will open doors of opportunities that will pave prospects in their business.
Meanwhile, Provincial Director Jonathan R. Nuestro expressed his expectation also to the awardees that the during the signing of memorandum of agreement in the province.
“Ang gobyerno ay handang magpahiram sa inyo ng walang interest kaya sana maibalik din ninyo ito sa takdang taon.” PD Nuestro reiterated to the awardees during the signing of memorandum of agreement. By FDS


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