Issue of September 29, 2019
     
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Lower House committee Oks entrepreneurship school bill
by Press release

The Lower House Committee on Higher and Technical Education approved a bill seeking the creation of a Philippine Entrepreneurs Academy to boost national productivity and inclusive economic growth.

House Bill (HB) 4263, known as the Philippine Entrepreneurs Academy Act, aims to establish a specialized institute offering comprehensive entrepreneurial education to senior high school, technical and vocational, and college graduates.

The academy will be under the supervision of the Commission on Higher Education, with the vision of producing highly skilled and astute entrepreneurs well equipped to start their own businesses.

Baguio City Rep. Mark Go, chairperson of the higher education committee, authored HB 4263. Members of the committee, who are also named as co-authors, unanimously approved the proposed measure.

Go said the establishment of the entrepreneurship academy will empower the youth sector through a rigorous curriculum designed to increase the competencies of graduates in trade and management.

Students will be trained to create business opportunities in different fields such as in manufacturing, agriculture, and technology among various sectors to revitalize other industries and strengthen economic progress.

The academy’s specialized curriculum will also encourage practical innovation through scientific and policy-oriented education as well as consultations with the private and business sector.

Go emphasized the significance of businesses as integral to the increase of productivity and job creation in the country.

This also includes micro, small, and medium enterprises, which he referred to as the backbone of the national economy and accounts for 99.5 percent of enterprises, employing 63 percent of the country’s workforce.

This falls behind other Asian countries such as Indonesia, which composes 92 percent of total jobs, and Thailand at 80 percent.


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