Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City, Metro Manila

16% Congress
1 Regular Session

House Bill No. 5057

Introduced by HON. RODRIGO A. ABELLANOSA.

EXPLANATORY NOTE

Amidst the ever-increasing number of graduates every year and the growing
need to create income-generating activities for our populace, providing our youth
with access to the necessary resources may be crucial to resolving the great hurdle
of unemployment and/or underemployment that the nation is facing.

‘This bill seeks to accomplish that by promoting youth entrepreneurship
development through integration of skills training into educational curricula,
development of policies and programs, and the provision of project grants to
deserving entities.

As our national hero Dr. Jose Rizal said, “The youth is the hope of our
fatherland,” our youth indeed hold the key to the future. An educated and
empowered youth must surely enjoy greater odds of opening the door to a bright
one for the country.

In view of the foregoing, approval of this bill is earnestly sought.

i.

se
RODRIGO A. ABELLANOSA



Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City, Metro Manila

16% Congress
1 Regular Session

House Bill No.__ 9057

Introduced by HON. RODRIGO A. ABELLANOSA

AN ACT
TO ACTIVELY PROMOTE ENTREPRENEURSHIP AMONG FILIPINO YOUTH

Be it enacted by the Senate and House of Representatives of the Philippines in
Congress assembled:

Section 1. Short Title. This Act shall be known as the "Youth Entrepreneurship
Bill."

Section 2. Definition. As used in this Act, the following terms are referred to as
follows:

(a) "Eligible Entity" refers to-

1, an institution for higher education or;
2. a partnership consisting of an institution for higher education; and
a. a non-profit organization with experience and proven track record in
quality financial literacy, entrepreneurship or personal finance
programs; and/or
b. a local government dedicated to uplifting the lives of its constituents;

(b) "Department" refers to the Department of Education;

(c) "Commission" refers to the Commission on Higher Education;

(d) “Courses” means entrepreneurial courses, which may include courses in
financial literacy and accounting, securing capital and borrowing, business
plan conception and drafting, management, marketing, design thinking,
social entrepreneurship and community organizing:

(e) "Council" refers to the Micro, Small and Medium Enterprise Development
Council under the Department of Trade and Industry;

() "SB Corporation" refers to the Small Business Guarantee and Finance
Corporation;

(g) "Young Entrepreneurs" means individuals within the age of 18 and 30 years
old who are engaged in the design, creation, establishment and/or
management of a micro, small or medium enterprise.

Section 3. Promoting Youth Entrepreneurship through Education


(a) The Department shall develop and integrate courses in entrepreneurship in
the curriculum for secondary school students;

(b) The Commission in cooperation with the Technical Education and Skills
Development Authority (TESDA) shall develop and _ integrate
entrepreneurship courses in the curriculum for post-secondary school

The Department and Commission shall ensure coherence and clear
progression in 9 the learning objectives and course design through close
coordination with other concerned agencies;

Section 4. Grants - Two (2) types of grants shall be established by this Act as
follows:
(a) Capacity Building Grants for Entities Teaching Entrepreneurship;

1. The Department shall award grants for a term of not more than four (4)

years each, on a competitive basis, to eligible entities in order to -

a. Develop courses for secondary school students;

b. Train secondary school teachers all over the country to teach courses
developed;

c. Prepare methods to evaluate the effect of entrepreneurial education
and improve the course design as necessary; and

d. Develop the courses for inclusion by the Department in the required
training and education for aspiring secondary school teachers.

2. The Commission shall award grants for a term of not more than four (4)
years each, on a competitive basis, to eligible entities in order to -

a, Develop subjects for post-secondary school students;

b. Train post-secondary school teachers all over the country to teach
courses developed;

c. Prepare methods to evaluate the effect of entrepreneurial education
and improve the courses as necessary; and

¢, Develop the courses for inclusion by the Commission in the required
education for aspiring post-secondary school teachers.

(b) Project Grants for Young Entrepreneurs

1. The Commission shall provide grant assistance for deserving young
entrepreneurs who are pursuing a project/study that tackles
entrepreneurship. This grant may come in a cash grant from the
Commission or a link up with another grant or scholarship giving agency.
Standards in choosing a project/study that would deserve a grant would
be included in the implementing rules and regulations;

2. The Commission shall also provide an avenue for private corporations and
individuals who are interested in funding or providing support to post-
secondary school students or graduates for the incubation of an
enterprise project.

Section 5. Available Assistance and Training.

(a) The Department and the Commission shall provide information on available

government and non-government assistance and training programs which

may be availed by students for further training and possible entrepreneurial

and financial ventures. This may be done through their website, agency
announcements and other forms of communication;



(b) The Department and the Commission shall develop mentoring and coaching
programs for young entrepreneurs in coordination with eligible entities to
facilitate sharing of technical knowledge and skills/technology transfer;

(c) The Department and Commission shall set up enterprise incubation
laboratories and creative spaces in schools in coordination with eligible
entities to encourage enterprise creation and development.

Section 6. Report. - The Department and the Commission shall provide the
appropriate committees in the Senate and House of Representatives with an annual
status report on the implementation and an overall assessment of the curricula
and teaching and mentoring programs.

Section 7, National Program to Promote Youth Entrepreneurship Development

(a) The Council shall include in its MSMED Plan the development of a program
and strategy for promoting youth entrepreneurship;

(b) The Council shall be responsible for facilitating national programs to
encourage youth entrepreneurship as part of a broader strategy to promote
the viability and growth of enterprises in the country;

(c) The composition of the Council shall include a youth representative with the
following duti
1, Represent the youth sector and their concerns regarding

entrepreneurship;

2. Coordinate with the Department of Education, the Commission for Higher
Education, TESDA, and other eligible entities on the education,
mentoring and support programs provided by this Act; and

3. Identify possible funding mechanisms to support young entrepreneurs in
the incubation and start-up of enterprise projects.

(4) The SB Corporation shall be responsible for integrating youth
entrepreneurship promotion into the national policies and programs in
support of micro, small and medium enterprise development. Programs shall
include finance and information services, training and marketing support for
young entrepreneurs;

(c) The SB Corporation shall also allocate at least Ten Percent (10%) of any
Venture Capital and Micro Finance ‘Trust Fund for the purpose of promoting
business opportunities for young entrepreneurs. ‘The allocated portion of the
Micro Finance Trust Fund shall be used to provide collateral-free fixed and
working capital loans for micro and small enterprises established by young
entrepreneurs;

( All lending institutions as defined under Bangko Sentral ng Pilipinas rules,
whether private or public, shall allocate to micro and small and medium
enterprises established by young entrepreneurs at least Ten Percent (10%) of
the total loan portfolio that is allotted for micro, small and medium
enterprises as mandated by law;

Section 8. Appropriations. - The amount necessary for the implementation of this
Act shall be charged to the budget allocated to the Department of Education, The
Commission on Higher Education, and Department of Trade and Industry from the
General Appropriations Act.

Section 9. Implementing Rules and Regulations - The Department of Education,
Commission on Higher Education, and Department of ‘Trade and Industry shall


promulgate rules and regulations necessary for the proper implementation thereof
within sixty (60) days from the effectivity of this Act.

Section 10. Repealing Clause. All laws, decrees, executive orders or parts thereof
inconsistent with the provisions of this Act are hereby repealed, amended or
modified accordingly.

Section 11. Separability Clause. If any provision of this Act is held invalid or
unconstitutional, other provisions not affected shall continue to be in full force and
effec

Section 12. Effectivity. This Act shall take effect fifteen (15) days after its complete
publication in at least two (2) newspapers of general circulation.

Approved,