The Department of Science and Technology (DOST) will continue to assist micro-businesses, as the yearly budget for the Small Entrepreneurs and Technology Upgrading Program (SETUP)keeps on growing. This is to encourage SMEs upgrade their equipments, acquire new technologies and expand their businesses.
DOST can lend under SETUP an amount of interest-free loan to individuals or group provided the borrower has the capacity to repay it in three years.
Aside from technology transfer and provision of equipment, clients of SETUP can also be assisted in terms of product design, packaging and labelling. (PIA)
