MANILA—The Technical Education and Skills Development Authority (TESDA) on Wedneaday said it will produce some 20,000 new businessmen through the launch of “skillspreneurship”.
The “skillspreneurship” concept aims to provide skills training in entrepreneurship for the graduates of Training for Work Scholarship Program (TWSP) and other TESDA scholars.
TESDA Director General Guiling Mamondiong said the agency has coordinated with the Department of Trade and Industry (DTI) and Department of Labor and Employment (DOLE) for the implementation of entrepreneurship and livelihood program.
Based on the plan, TESDA will produce some 20,000 entrepreneurs who will each hire up to five employees to generate employment and entrepreneurship development.
“The program is a convergence of TESDA, DTI, DOLE, DSWD (Department of Social Welfare and Development) and the LGU (local government unit),” Mamondiong said.
He added that TESDA regional/provincial directors will initiate and forge a partnerships among the government agencies and/or other private entities.
“The idea is to fuse all programs and services in entrepreneurship development, and that the skills they get from TESDA training is utilized to come up with an enterprise idea,” Mamondiong noted.
TESDA mentioned that the concept will also provide the government the opportunity to widen the coverage of providing skills through the development of entrepreneurship.
“Selected graduates of TESDA will be trained on entrepreneurship development. The selection shall be done using an instrument that shall pre-qualify the graduate. The instrument may be provided by DTI, while the DTI will be tapped for the entrepreneurship development program and will nurture the graduates, feasibility study preparation including marketing until they are able to set up their own enterprise,” TESDA said.
According to TESDA, both the DOLE and DSWD will provide capital assistance to the agency and create a group that will establish a family enterprise in the country.
The LGU, meanwhile, will monitor and ensure that the business created through skillpreneurship will be established on a long-term basis.