DOST-Bicol’s SETUP grants P15M to 21 MSMEs

By Philippine News Agency Some 21 micro, small and medium enterprises in the Bicol Region received P15.15 million to become the first batch of recipients of the fund for this year under the Department of Science and Technology – Bicol’s banner program called “Small Enterprise Technology Upgrading Program” or SETUP. The fund, which was handed over to the “new technology-adoptor-beneficiaries” by DOST-Bicol Director Tomas B. Brinas, is in the amount of P15,152,494, said Dr. Rafaelita Lucena, public information officer of DOST-Bicol.