Chiz Escuder

Entrepreneurs’ Academy Act approval pressed

September 21, 2023 PS Jun M. Sarmiento 171 views

SENATOR Francis Chiz Escudero on Wednesday exhorted his colleagues to rally behind Senate Bill No. 2442 or the Philippine Entrepreneurs’ Academy Act, which seeks to provide undergraduate and graduate degree programs on entrepreneurship.

Speaking at the plenary to sponsor the bill, the Chair of the Committee on Higher, Technical and Vocational Education cited the need to pass such a measure in order to boost entrepreneurship and strengthen the core competencies of up-and-coming Filipino entrepreneurs.

Under SB 2442, the proposed academy shall offer undergraduate and graduate degree programs and short-term diploma or certificate courses on entrepreneurship, including entrepreneurship development in the fields of agriculture, trade, technology and manufacturing.

The offering of specialized course will directly boost the Micro, Small, and Medium Enterprises (MSMEs) sector—the backbone of the Philippine economy– and drive economic growth.

“There is a dearth in curricular offerings tailor-made for incubating, managing, growing MSMEs, one which draws from experiences, both triumphs and failures, of local MSMEs,” Escudero pointed out.

“This bill answers a need that is integral to national economic development plans of manufacturing resurgence, high value-chain creation, jobs generation, and enterprises that pay taxes which are plowed back to the people,” he added.