DTI hyperlinks Cebu MSMEs with consultancy companies
THE DEPARTMENT of Trade and Industry (DTI) launched a program on Thursday that will support small businesses in Cebu through academic partnerships.
The program “Resilient, Innovative, and Sustainable Entrepreneurs (RISE)” was developed by the department’s regional innovation center in collaboration with a Cebu group of companies.
The program will connect micro, small and medium-sized enterprises (MSMEs) with partnerships and services available in the region.
“(The program) will support our MSMEs by offering them direct advisory and advisory services from partner universities and foremen. These in turn would help MSMEs to identify their needs and provide innovative solutions to their problems, ”said Minister of Commerce Ramon M. Lopez during the virtual launch.
RISE will help companies develop business recovery plans to mitigate the effects of the coronavirus pandemic.
Potential partners include universities for technical advice and research connections, startups for digitization, governments for grants and grants, and financial institutions for new capital loans.
Each business recovery plan will be company-specific and provide market-oriented or technology-based recommendations.
RISE was also launched in partnership with the Cebu Institute of Technology University, Southwestern University PHINMA, and the Science, Technology, Research and Innovation for Development Program of the United States Agency for International Development. – Jenina P. Ibañez
