SIXTEENTH CONGRESS OF THE ) 
REPUBLIC OF THE PHILIPPINES ) 
First Regular Session 
) 
SENATE 
___________ 
s_e_n_at_e_B_ill_N_o_.1_0_3_2 ______ 
,_' ' _____ '_ f 
Introduced by: Senator Paolo Benigno "Bam" A. Aquino IV 
EXPLANAtORY NOTE 
"At a time when society's biggest issue is youth unemployment, businesses and 
governments must work together to help young people develop an entrepreneurial mindset. 
That means fostering a culture which supports young people to take risks, set up businesses, 
create jobs and become masters of their own destiny. Whether it's through finance, mentoring, 
incentives or training, we must all play our part so that this generation can achieve its full 
potential. The time to act is now." 
This is a quote from an Ernst & Young report called "Avoiding a Lost Generation," 
produced in June 2013 for the G20 Young Entrepreneurs' Alliance Summit. But it could very well 
reflect the imperatives for the youth of the Philippines. At a time when our youth popUlation 
forms a large percentage of our total popUlation, and when many of the unemployed belong to 
the youth sector, both the government and the private sector must work together to empower 
young Filipinos to be productive members of society. Aside from boosting job generation and 
gainful employment, our government must create the structures and the mechanisms to enable 
youth entrepreneurship as a pillar of inclusive growth. 
In order to help create this environment, we propose the passage of the "Youth 
Entrepreneurship Bill", which seeks to integrate entrepreneurship into our secondary and 
tertiary education curricula; facilitate grants both for the teaching and the practice of 
entrepreneurship; and develop a national youth entrepreneurship program to provide support 
to young entrepreneurs. 
This Bill seeks the cooperation of different departments such as the Department of 
Education (DepEd), the Commission on Higher Education (CHED), and the Technical Education 
and 
Skills 
Development Authority (TESDA). 
Aside from developing and 
integrating 
enterpreneurship courses in the curriculum for secondary and post-secondary school students, 
they shall also be tasked to facilitate the provision of grants to ensure that our schools, teachers, 
and teaching partners have the capacity to teach these courses. Grants shall also be made 
available to support students who are 
pursuing studies 
and 
projects related to 
enterpreneurship. 
Further, this Bill tasks the MSME Development Council to develop a National Youth 
Enterpreneurship Program that will provide young enterpreneurs with strategic support in 
terms of access to financing, capital, incubation, as well as technology and skills transfer 
services The MSME Development Council and the Small Business Corporation shall provide 
preferential allocation for the youth in connection with available credit funds. 
This Youth Entrepreneurship Bill is focused on the youth entrepreneur, is inclusive, and is 
geared toward all types of entrepreneurial talent belonging to underrepresented populations 
and communities. This Bill aims for sustainability and will be designed for long-term 


implementation. If we make this a priority measure and pass this Bill, we can envision a future 
led by young Filipinos who have initiative, who are motivated and driven, and who have the 
best skills to succeed in creating businesses, proViding jobs, and making inclusive growth a 
reality. 


SIXTEENTH CONGRESS OF THE REPUBLIC 
) 
OF THE PHILIPPINES 
) 
First Regular Session 
) 
":) JU"': " 
I J 
l 
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SENATE 
5, B, No, 1032 
"'-f 
Introduced by: Senator Paolo Benigno "Bam" A. Aquino IV 
AN ACT 
TO ACTIVELY PROMOTE ENTREPRENEURSHIP AMONG FILIPINO YOUTH 
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Section 1. Short Title. This Act shall be known as the "Youth Entrepreneurship Bill." 
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Section 2. Definition. As used in this Act, the following terms are referred to as follows: 
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(a) "Eligible Entity" refers to-
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1. an institution for higher education or; 
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2. a partnership consisting of an institution for higher education; and 
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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 Enteprise Development Council 
under the Department of Trade and Industry; 
(f) "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. 
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Section 3. Promoting Youth Entrepreneurship through Education 
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(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 students; 
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(C) The Department and Commission shall ensure coherence and clear progression in 
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the learning objectives and course design through close coordination with other 
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concerned agencies; 
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Section 4. Grants - Two (2) types of grants shall be established by this Act as follows: 
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(a) Capacity Building Grants for Entities Teaching Entrepreneurship; 
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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 
e. 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; 
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2. The Commission shall also provide an avenue f9r private corporations and 
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individuals who are interested in funding or providing support to post-
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secondary school students or graduates for the incubation of an enteprise 
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project. 
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Section 5. Available Assistance and Training. -
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(a) The Department and the Commission shall provide information on available 
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government and non-government assistance and training programs which may be 
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availed by students for further training and possible entrepreneurial and financial 
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ventures. This may be done through their website, agency announcements and 
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other forms of communication; 
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(b) The Department and the Commission shall develop mentoring and coaching 
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programs for young entrepreneurs in coordination with eligible entities to facilitate 
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sharing of technical knowledge and skills/technology transfer; 
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(c) The Department and Commission shall set up enterprise incubation laboratories and 
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creative spaces in schools in coordination with eligibile entitites to encourage 
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enterprise creation and development. 
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Section 6. Report. - The Department and the Commission shall provide the appropriate 
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committees in the Senate and House of Representatives with an annual status report on the 
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implementation and an overall assessment of the curricula and teaching and mentoring 
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programs. 
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Section 7. National Program to Promote Youth Entepreneurship Development 
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(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 duties: 
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 entitites on the education, mentoring 
and support programs provided by this Act; and 
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3. Identify possible funding mechanisms to support young entrepreneurs in the 
incubation and start up of enterprise projects. 
(d) The SB Corporation shall be responsible for integrating youth entepreneurship 
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; 
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(e) 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; 
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(f) 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 alotted for micro, small and medium enterprises as mandated by 
law; 
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Section 8. Appropriations. - The amount necessary for the implementation of this Act shall be 
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charged to the budget allocated to the Department of Education, The Commission on Higher 
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Education, and Department of Trade and Industry from the General Appropriations Act. 
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Section 9. Implementing Rules and Regulations - The Department of Eduction, Commission on 
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Higher Education, and Department of Trade and Industry shall promulgate- rules and regulations-
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necessary for the proper implementation thereof within sixty (60) days from the effectivity of 
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this Act. 
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Section 10. Repealing Clause. All laws, decrees, executive orders or parts thereof inconsistent 
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with the provisions of this Act are hereby repealed, amended or modified accordingly. 
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Section 11. Separability Clause. If any provision of this Act is held invalid or unconstitutional, 
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other provisions not affected shall continue to be in full force and effect. 
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Section 12. Effectivity. This Act shall take effect fifteen (15) days after its complete publication 
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in at least two (2) newspapers of general circulation. 
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4.