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Youth Empowerment through Technopreneurship (YET) Program

The YET Program develops entrepreneurial competencies among the youth by providing financial assistance to college students in selected academic institutions and young professionals with research projects viable for commercialization. The program supports income generating projects with technological innovation, market potential, and technical viability when commercialized.

Formerly DOST-Academe Technology-Based Enterprise Development (DATBED), the Youth Empowerment through Technopreneurship (YET) Program aims to develops entrepreneurial competencies among the youth by providing financial assistance to college students in selected academic institutions and young professionals with research projects viable for commercialization.

  1. College students - Acquisition of raw materials, small tools, and packaging and labeling expenses in the total amount NOT to exceed Two Hundred Fifty Thousand (Php250,000.00) per project.
  2. Young professionals - Acquisition of raw materials, packaging and labeling expenses, and production tools and equipment in the total amount NOT to exceed Three Hundred Fifty Thousand Pesos (Php350,000.00).

a.  Filipino college students with student-developed technology endorsed by an academic institution that underwent YET program orientation.

Academic institutions must satisfy the following to be eligible for YET program orientation:

  1. Private and public academic institution that offers science and technology courses and entrepreneurship development program at the tertiary level;
  2. Existing facilities/resources available for use of the proposed technology-based projects; and
  3. Availability of core team of advisers, program coordinator, and school management support.

b.. Young Professional

i. The proponent shall satisfy any of the following statements:

-  College graduate beneficiaries of the DATBED Program that have successfully implemented and completed DATBED project/s under the college level; or

- College graduates with viable research projects duly endorsed by the DATBED-assisted academic institution and concerned DOST Regional Office and with existing company for at least three (3) years.

ii. The proponent has completed the academic requirements of the school as a graduate of any S&T, entrepreneurship, OR creative industry courses.

iii.  Filipino men and women - owned enterprises duly registered as sole proprietors.

a.  College Students

  1. School's Letter of Intent to avail of financial assistance
  2. DOST Regional Office's Endorsement Letter with accomplished endorsement checklist
  3. Project Proposal/s
  4. Duly accomplished Data Privacy Consent Form

b.  Young Professional

  1. Proponent's application letter of interest to avail financial assistance and commitment addressed to TAPI Director
  2. Project Proposal
  3. Curriculum vitae
  4. Endorsement of DATBED-assisted academic institution
  5. DOST Regional Office's Endorsement Letter with accomplished endorsement checklist
  6. Duly accomplished Data Privacy Consent Form
  7. Copy of business permits and licenses (Mayor's Permit, etc.)
  8. Copy of certificate of registration of business name with DTI
  9. Financial Statement for the last three (3) years (audited, if applicable)
  10. Annual Income Tax Return for companies existed for at least three (3) years
  11. Technology Licensing Agreement (TLA) between the academic institution and young professionals wherein the young professionals are allowed to commercialize their research OR Deed of Assignment from the academic institution in favor of the young professionals, whichever is applicable.
  12. Three (3) quotations from suppliers/ fabricators for all the equipment to be purchased/ fabricated, if the proponent's request includes the purchase of equipment.
  13. Affidavit of authenticity

The Project Proposal/s shall be evaluated based on the following criteria: Technical Aspect (50%), Marketing Aspect (20%), Financial Aspect (20%) and Management Aspect (10%); and must obtain total points of at least 75%.

a.  College Students

The academic institution will administer the financial assistance provided and collect payments of the student-beneficiaries' refund for the revolving of the funds. For requests for change of projects, the school must submit a letter of request with justification together with the new project proposals subject to approval by DOST-TAPI through the endorsement of DOST RO. The school submits an Audited Financial Report (AFR) or at least with stamped received by the Resident Auditor to DOST RO within six (6) months after the release of financial assistance and DOST RO submits the AFR duly signed by DOST RO Accountant and Resident Auditor (at least with stamped received by the Resident Auditor) to DOST-TAPI for liquidation purposes. The school shall submit a project implementation and financial status report to DOST RO then 5 DOST RO shall forward the reports to DOST-TAPI annually for monitoring purposes.

b.  Young Professional

Young professional submits an Audited Financial Report to DOST-TAPI for liquidation purposes. The proponent/s shall submit the project implementation and financial status report to DOST RO then DOST RO shall forward the reports to DOST-TAPI quarterly for monitoring purposes.

DOST-TAPI shall conduct project monitoring at least once a year. Liquidation documents to include financial and accomplishment reports following the prescribed DOST-TAPI format shall be submitted. In pursuit of a gender-responsive DOST-TAPI, GAD evaluation will be included during the project monitoring.

The proponent may also be endorsed to other DOST and TAPI programs for further assistance to improve their business.

The following conditions on the termination of grants shall include, but not limited to:

  1. Failure of the proponent to submit the required financial and progress reports within the prescribed period; b.
  2. Change of project for projects with on-going implementation will not be allowed and considered as failed;
  3. Non-implementation of project; and
  4. Failure of project implementation due to force majeure or fortuitous event.

a. Requests for extension of the on-going project shall be submitted together with the following documents:Latest financial report;Latest financial report;

i.    Latest financial report;

ii.   Proposed LIB;

iii.  Gantt Chart of activities for the extension period;

iv.  Technical report including project recovery plan/s ; and

v.    Justification for extension

b.  Requests for extension shall be submitted and endorsed by the DOST RO for approval of DOST-TAPI.

c.  The request for extension should be submitted not later than three (3) months before the expected date of completion, except for extensions as a result of force   majeure. Extension shall not be allowed unless it is in its terminal/last year of implementation. If request for extension involves the use of unexpended balance, a financial report or statement of fund balances as of date of request should be submitted not later than one (1) month before the expected date of completion.

d.  A project can be given a maximum of only two (2) extensions but not to exceed a total of twelve (12) months except for extensions as a result of force majeure. The request for the second extension should be submitted one (1) month before the completion date of the first extension.

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