Partners sign MOU on Innovation for Business Recovery Plan

DAVAO CITY, Dec. 15 (PIA)- Partners from the government and private sectors formally signed their respective commitments for the Innovation for Business Recovery Plan Project that will benefit Micro Small and Medium scale Enterprises (MSMEs) in the Davao Region.

A project under the  iSTRIKE Davao, (Innovation through Science, Technology, and Risk-resilient based Initiatives toward Knowledge Economy) or the brand of the Regional Inclusive Innovation Center (RIIC) in Davao. The Innovation for Business Recovery Plan Project aims to help small businesses innovate in this time of pandemic.

The IBR plan was developed by United States Agency for International Development  Science, Technology, Research, and Innovation for Development (USAID-STRIDE).

It was conceived to help distressed MSMEs cope with the pandemic. Many of these enterprises either temporarily closed or downsized operations particularly when Davao was placed under Enhanced Community Quarantine in middle March to late May of this year.

“It is in these context that the Davao RIIC (regional inclusive innovation center) with the technical support from STRIDE pursued the Innovation for Business Recovery Plan project essentially to enable to some of our MSME in the region  make informed strategic decisions, innovative shifts and decisions they will be working with SUCs (State Universities and Colleges) and HEIs (Higher Education Institutions) in coming up with concise innovative strategies that they can immediately adapt in their businesses towards recovery,” says Department of Trade and Industry-XI Regional Director Belenda Q. Ambi during her message at the virtual signing ceremony held on Dec. 14.

According to Eric Christian Estolatan- program manager of USAID STRIDE, the IBR plan is one of the projects under  iSTRIKE Davao. The IBR plan is a direct-to-MSME consultancy guidance service to help Davao MSMEs rethink their operation amidst the pandemic. It also helps develop IBR plans for MSMEs aimed at mitigating the impact of the crisis.

Each IBR plan will help MSMEs know and access appropriate programs and services in Davao.

Estolatan said that the IBR plan is an enterprise-specific guidebook towards recovery through innovation. Each IBR Plan will be driven by sound research and pay attention to a firm’s specific situation. The IBR plan lays out a menu of options which can be market-based or technology focused.

The IBR process can help MSMEs find suitable partners like Universities and research departments for technical consultancy and research partnerships, digital startups for digitalization or e-commerce solutions, financial institutions for capital loans, government partners for access to assistance programs, funding or grants.

Lead government partners of the Davao IBR plan project include the Department of Trade and Industry-XI, Department of Science and Technology-XI, Department of Information Communications and Technology-XI, Commission of Higher Education-XI and the Philippine Information Agency-XI.

The Davao City Chamber of Commerce and Industry Inc. will be the partner for program promotions and industry engagement. Higher Education Institutions composed of the University of the Philippine-Mindanao, Ateneo de Davao University and the University of Southeastern Philippines will be the lead technical team tasked to formulate IBR plans and conduct IBR activities. The USAID- STRIDE will be the ideation lead and the industry-academe facilitator.

Innovation Guidebook

During the formal signing of the IBR plan project, there was also a formal turn-over of the MSME Innovation Guidebook developed by USAID Stride.

“The MSME Innovation Guidebook, a key project of the RIIC, a handy resource for our Davao based enterprises to navigate and to identify the right resources for their innovation needs” Estolatan said.

The USAID-STRIDE program manage describes the guidebook as a product of in-depth research and analyses done by the stride team that involves extensive engagements and consultations with local partners in government, industry and academe.

“Our goal here is to help level an expectation about industry innovation projects and show our businesses that there is a rich innovation ecosystem here in Davao that is ready to help them in their innovation endeavor,” Estolatan said.

The guidebook is available as downloadable PDF in the iSTRIKE Davao website. (PIA/RG Alama)

 

 

 

 



Source: Philippines Information Agency (pia.gov.ph)

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