MANILA (Mabuhay) – A neophyte House of Representatives member is seeking to declare every third week of November as National Entrepreneurship Week to encourage the youth to be self-starters and innovators.
Rep. Alfred Vargas III (5th District, Quezon City) said the month of November is an opportune time to introduce the youth to the endless possibilities of development and progress through entrepreneurship.
Vargas said young entrepreneurs would now have a formal venue to share their success stories to the students through the various activities lined up for the entire week. National Entrepreneurship Week can be observed through the holding of school trade fairs and seminar-workshops on entrepreneurship.
“The Philippines is an entrepreneurial country. Slowly, entrepreneurship is becoming the backbone of the country’s economy,” Vargas said.
He noted that small and medium-sized enterprises comprise around 99 percent of the establishments in the country.
However, Vargas said one of the problems encountered by entrepreneurs in the country is the lack of adequate knowledge on business techniques and financial management at the onset.
“It is imperative that government pave the way towards the inculcation of awareness on entrepreneurial concepts and practices and subsequently arming the students with fundamental know-hows,” Vargas stressed.
In filing House Bill No. 4022, Vargas cited the declared policy of the State that the sustained development of a reservoir of national talents consisting of Filipino entrepreneurs and managers in order to maintain the global standards of high-level technical manpower.
Vargas said the State shall develop a self-reliant and independent national economy effectively controlled by Filipinos and ensure that all sectors of the economy and all regions of the country shall be given optimum opportunity to develop.
Vargas underscored that the State likewise recognizes the importance of educational institutions as catalysts of entrepreneurial development with participation of the youth, families, educators and the private sector, thereby emphasizing personal interaction and facilitating the exchange of ideas throughout the country.
Under the measure to be known as “The National Entrepreneurship Week Act of 2014,” the Department of Education (DepEd) and the Commission on Higher Education (CHED) are directed to plan and implement activities for the observance of “National Entrepreneurship Week,” in coordination with the Department of Trade and Industry (DTI).
Other government agencies, local government units and other instrumentalities of the government are likewise encouraged to join the weeklong celebration by way of public exhibits, display of tarpaulins, among others. (MNS)