Memorandum Order No. 382, issued on July 15, 1996, emphasizes the significance of small and medium enterprises (SMEs) in the Philippines' industrial growth and the necessity of enhancing technology commercialization for their competitiveness. It directs the Chairman of the Small and Medium Enterprise Development Council to develop effective strategies to improve access to technology venture capital and training support for SMEs. The Council is required to submit recommendations to the Science and Technology Coordinating Council by July 31, 1996. This initiative aims to bolster the support system for SMEs to foster their development and sustainability.
July 15, 1996
MEMORANDUM ORDER NO. 382
| TO | : | The Chairman |
| Small and Medium Enterprise Development Council (SMED) | ||
| SUBJECT | : | Improvement of Support System for Small and Medium Enterprises |
In recognition of the role of small and medium enterprises (SMEs) in the country's industrialization and the crucial importance of promoting technology commercialization to improve the competitiveness of SMEs, you are hereby directed to devise effective mechanisms to increase the availability of technology venture capital and training assistance. cd
Submit recommendations on or before July 31, 1996 through the Science and Technology Coordinating Council (STCC), Department of Science and Technology (DOST), Bicutan, Taguig, Metro Manila (Tel/Fax: 837-29-32).
For compliance, July 15, 1996.