MUST READ: DOST innovation funding for returned OFWs

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Ngayong araw, nagkaroon ng pirmahan ng Memorandum of Understanding (MOU) sa pagitan ng Department of Science and Technology (DOST) at ng Office of the Presidential Adviser on OFWs and Muslim Concerns (OPA-OFW) para sa proyekto na, Innovation for Filipinos Working Distantly from the Philippines (iFWD PH).

Nasa baba po ang video presser ng MOU signing ng DOST at OPA-OFW, at sa baba ng video ay ang informational text tungkol sa proyektong iFWD PH.

MARAMING SALAMAT DOST at OPA-OFW. MABUHAY PO KAYO!

Virtual Presser of iFWD Launching and MOU Signing with OPA-OFW

Posted by DOST-Philippines on Thursday, May 28, 2020

iFWD PH: Innovation for Filipinos Working Distantly from the Philippines

OVERALL FRAMEWORK

Pre-Implementation Phase

– 100 displaced/ repatriated OFWs (or their families) engaged for capability building [training for 3-4 months]

• Creation of databases
• Partnerships with OWWA / EVFI /SETUP Adoptors / RDIs
• Engagements with displaced OFWs
• Survey SETUP adoptors’ supply
chain for the food industry

Phase 1: Capability Building for the Development and Management of Technology-based Enterprise

Subphase 1: Business Concept Development

– 30 OFWs with solid business concept and plan from Phase 1

Phase 2: Funding Support for the Establishment of Technology-based Enterprise

Subphase 2: Business Plan Development

DOST Business Opportunity Packages
Mentorship, Technical Assistance, Use of Facilities, Network and Linkages

Category A: iFund for DOST Technology
(up to PhP 250,000)
Category B: iFund for Start-up
(up to PhP 250,000)
Category C: iFund through SETUP

SPECIFIC PHASE COMPONENTS

PHASE 1: CAPABILITY BUILDING FOR THE DEVELOPMENT AND MANAGEMENT OF TECHNOLOGY-BASED ENTERPRISE

A. Business Development Modules

• Entrepreneurial Mind Setting
• Marketing and e-commerce
• The Business Model Canvas
• Product Costing
• Operations Management
• Supply and Value Chain
• Human Resource and
Organization Management
• Accounting and Financial
Management
• Taxation and Business Laws

B. Technical Training Modules

• Food Safety
• Production Planning
• Product Development and Innovation
• Machine Shop Operations
• Livelihood and Technology Trainings (videos from STARBOOKS, Technology Videos from ITDI, other technologies that will be sourced from DOST RDIs)

PHASE 2: INNOVATION FUNDING

3-category iFunding Scheme for:

• Raw materials acquisition
• Equipment acquisition
• Packaging and labeling
execution
• Laboratory testing fees
• Technology transfer fees
for DOST technologies

Interspersed for both phases:

• Business Mentorship Sessions with SETUP and EVFI Mentors
• Value chain linkage
• Use of DOST Facilities

NB: Capability building modules and DOST Business Opportunity Packages
will also be made available to OFWs abroad

PHASE 2: IFUNDING SCHEME

Category A: iFund for DOST Tech (up to PhP 250,000) Innovation Funding
for the Commercialization of DOST Technologies

Requirements:

• DTI registration and Mayor’s permit
• Business proposal with financial and sustainability plan to commercialize a DOST technology
• Approval of the Regional Technical Evaluation Committee
*No 3-year requirement

Repayment scheme:

• 70:30 refund-grant scheme
• 3-5 years repayment

Category B: iFund for Start-Up (up to PhP 250,000) Innovation Funding
for Start-Up Enterprises

Requirements:

• DTI registration and Mayor’s permit
• Business proposal with financial and sustainability plan highlighting
innovations in the business
• Approval of the Regional Technical Evaluation Committee

*No 3-year requirement

Repayment scheme:

• 100% refund
• 3-5 years repayment

Category C: iFund thru SETUP

Requirements:

• Regular SETUP requirements will apply

Repayment scheme:

• Regular SETUP repayment scheme
will apply

ELIGIBILITY AND REQUIREMENTS

ELIGIBILITY

• OFWs with no existing contract overseas

DOCUMENTARY REQUIREMENTS

• Filled out DOST iFWD OFW Profiling Questionnaire
• Photocopy of Overseas Employment Certification
• Photocopy of passport
• Self-certification of no existing contract overseas

PROFILING OF OFWs

• To be done in coordination with OWWA
• DOST iFWD Overseas Filipino Worker Profiling Questionnaire to include background data, and questions to survey potential for business

IMPLEMENTATION STRATEGIES

• Partner with EVFI for resource persons for business development trainings and mentors
• Map-out the entire supply chain of current SETUP adoptors under the
food sector to identify possible entry for OFW established businesses
• Selected and established SETUP adoptors to serve as mentors for
both phase 1 and phase 2 of implementation
• Conduct of virtual trainings and mentorship sessions
• DIY modules and videos for technology demonstrations
• Connect OFWs with other institutions offering other assistance such as
facilities, technical expertise, and funding

Table 1. iFWD PH Program Activities

Activities F.Y. 2020
M0 M1 M2 M3 M4 M5 M6 M7

Pre- implementation **

Inception Meetings, Scanning, and OFW Engagements

Techno-based ****

Enterprise Development, Business Concept Development (Mentoring
and Capability Building)

Techno-based Enterprises *** **

Funding Monitoring and Evaluation *****

*Mentorship will still be provided for at least 1 year after establishment of the enterprise.

iFWD PH: Innovation for Filipinos Working Distantly from the Philippines

Thank you.

Program Leader:

Director Jose B. Patalinjug III
Regional Director, DOST-NCR Regional Office
DOST-NCR Building, DOST Compound
Gen. Santos Ave., Bicutan,
Taguig City, Philippines
Telefax: (02) 837-3162
Telephone: (02) 8-519-8702 /
(02) 8-837-2071 to 82, local 2017
Email: ncr@dost.gov.ph |
jbpatalinjugiii@ncr.dost.gov.ph
Cooperating Agencies: DOST Regional Offices,
DOST RDI’s, SETUP Adoptors, EVFI
Duration: Seven (7) Months

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