DATBED continues to assist Stage I DATBED graduate-beneficiaries for the commercialization of their Stage I projects. The program provides financial assistance to the Stage I DATBED graduate-beneficiaries who have shown capability to manage the technology-based projects on their own.
DATBED graduate beneficiaries who successfully assisted under the Stage I of the DATBED Program.
The financial assistance shall cover the acquisition of raw materials, packaging, labelling, space rental and equipment.
The DATBED graduate beneficiary submits the project proposal including Technical, Marketing, Management, Financial and Socio-Economical Aspects.
The DATBED graduate beneficiary submits the project proposal to the school for their endorsement to the DOST Regional Office for evaluation and endorsement to TAPI.
No. The DATBED graduate-beneficiary can only submit same project proposal that was implemented during the Stage I of the Program.
The levels of evaluation are consist of a technical evaluation conducted by and a final review, evaluation and deliberation by the TAPI EXECOM.
The major criteria for evaluation and approval of proposal are the completeness of documentary requirements, technical viability, marketability and financial feasibility.
Approximately, one (1) month the MOA has been signed and notarized.
A notarized Memorandum of Agreement signed by TAPI, DOST Regional Office and the DATBED graduate beneficiary should be accomplished to release the funds.
The DATBED graduate beneficiary shall submit the following within three (3) months after the release of funds:
- Audited Financial and Status Reports duly certified by DOST Regional Office’s Accounting Officer and Auditor; and
- List of specific stocks/supplies acquired within fifteen (15) days after purchase indicating unit cost, duly certified by DOST Regional Office’s Accounting Officer.
TAPI shall monitor project activities and assist in identifying alternative courses of action to address problems met, if any during implementation of the project and provide other technical/consultancy assistance that may be necessary for the effective implementation of the project.
A maximum of three (3) years is allowed for the project implementation.
The graduate beneficiary is required to refund the financial assistance over an agreed payment term not to exceed three years excluding the grace period.
The DATBED graduate beneficiary shall submit the Audited Financial and Status duly certified by DOST Regional Office’s Accounting Officer and Auditor within three (3) months after the release of funds.
Once fully-liquidated, the beneficiary has no further obligations to TAPI