5. Youth” shall refer to those
persons whose ages range
from fifteen (15) to thirty (30)
years old.
6.
7.
8. Republic Act 10679
AN ACT PROMOTING ENTREPRENEURSHIP AND
FINANCIAL EDUCATION AMONG FILIPINO YOUTH
Establishment of Entrepreneurship Education Committee (EEC).
Chair:
Members:
9. Duties of EEC
Formulate a national plan of action for the implementation of this Act;
Study and standardize all current programs of schools and institutions on entrepreneurship and financial literacy;
Research current government efforts in foreign countries with the end view of applying relevant practices in our
education system;
Provide assistance, training, and support to ensure coherence and clear progression of the objectives of this Act, namely:
Provide information on available government and nongovernment assistance and training programs that may
be availed of by students for further training and possible entrepreneurial and financial ventures;
Develop mentoring and coaching programs for young entrepreneurs in coordination with eligible entities to
facilitate sharing of technical knowledge and skills/technology transfer;
Set up enterprise incubation laboratories and creative spaces in schools and communities in coordination with
eligible entities to encourage enterprise creation and development; and
Coordinate with the Department of Agriculture and Land Bank of the Philippines to develop lending and other
support programs specifically for agriculture-related entrepreneurship activities; and
Exercise such other powers as may be necessary to carry out the purposes of this Act
10. Main Proponent:
The PYDP envisioned the Filipino Youth engaging in gainful
economic activity across various locales and sectors.
Optimize youth participation in the labor force;
Promote youth participation in entrepreneurial activities; and
Strengthen youth participation in employment enrichment support
systems.
11. A focused program to address the youth
sector of the country to become productive
individuals through entrepreneurship
23. Department of Trade and Industry
Ilocos Sur Provincial Office
2/F Judy Chiu Bldg., Mabini St.
Barangay 1
Vigan City
DTI Ilocos Sur dtivigan@yahoo.com (077) 722 2688 (077) 722 8731
Thank you!
Editor's Notes
These series of government interventions can enable our young MSMEs and businessmen to further their entrepreneurial skills and talents to become successful in their respective industries. Further, these avenues could serve as networking opportunities as well, through engagements with other business owners and possible mentors which can empower the youth.
With the country’s growing population, (having a median age of 24) it is best to take advantage of this opportunity to create sustainable and inclusive ventures. One shouldn’t wait to start a venture once there is an established business model in mind. The youth has the advantage of time despite the risks involved. As an entrepreneur, there is no way to avoid risks, but should you recognize them, you can prepare well for it and alleviate it.
These series of government interventions can enable our young MSMEs and businessmen to further their entrepreneurial skills and talents to become successful in their respective industries. Further, these avenues could serve as networking opportunities as well, through engagements with other business owners and possible mentors which can empower the youth.
With the country’s growing population, (having a median age of 24) it is best to take advantage of this opportunity to create sustainable and inclusive ventures. One shouldn’t wait to start a venture once there is an established business model in mind. The youth has the advantage of time despite the risks involved. As an entrepreneur, there is no way to avoid risks, but should you recognize them, you can prepare well for it and alleviate it.