DOST Academe Technology-Based Enterprise Development (DATBED)
Students, young professionals, and out-of-school youths planning to put up technology-based enterprises may avail of assistance from the Department of Science and Technology’s Technology Application and Promotion institute (DOST-TAPI) through their schools or non-government organizations (NGOs).
A project under DOST’s Small Enterprise Technology Upgrading Program (SET-UP), DATBED provides assistance through funding, training initiatives, and access to facilities and the latest technologies. At the same time, DATBED also develops income-generating projects for the school or the NGO with which the aspiring technopreneur is connected.
DATBED’s objectives is to “stimulate the development of an entrepreneurial curriculum and technology business incubation (TBI) among participating schools/ organizations” in its mission to produce more employers among the Filipino youth. TBI is a concept that refers to support programs for the successful establishment and growth of technology-based businesses.
To become a DATBED beneficiary, the school must have science and technology courses and entrepreneurship development programs in its curriculum, as well as a student-faculty ratio of 25:1 at the most in these courses, among other qualifications. On the other hand, an NGO should be registered with the Securities and Exchange Commission or the Cooperative Development Authority and should have existing or completed some youth development programs or activities, among others
The school or NGO will perform the screening and selection of their student recipients for DATBED.
The first stage under the DATBED program covers a period of three years during which training in enterprise development is provided, as well as financial assistance and technology transfer. In the second stage, financial assistance is extended for the full commercialization of the enterprise.
Financial assistance will cover both operating expenses of the startup enterprise and capability upgrading cost for expansion projects.
Technopreneurship involves high technology and low technology businesses. like ICT, electronics, biotechnology, service businesses such as e-learning, and cloud computing as among the high technology ventures while organic farming, organic production of livestock and new food recipes are among the low technology ventures.