Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City, Metro Manila 
19th Congress 
First Regular Session 
House Bill No. _ 
Introduced by REPRESENTATIVE EMIGDIO P. TANJUATCO III 
EXPLANATORY NOTE 
In order to foster an entrepreneurial spirit among the Filipino youth the state must 
recognize their potential in an economic perspective subject to Constitutional safeguards 
with respect to protecting their physical, moral, spiritual, intellectual, and social well-being. 
In the midst of a continued rise in the country’s population and the aftermath of the
two-year economic slowdown due to the pandemic that had us all reeling, there is an evident 
need to create opportunities for income-generation.  
Government efforts such as the K-12 program aim to equip the youth with skills that 
would provide them with better employment opportunities but without sufficient jobs 
available, many of our young graduates find themselves unemployed or underemployed. 
This bill seeks to underscore the existence of other available possibilities that will put 
the youth’s talents to good use, helping quash unemployment/underemployment, through a
youth entrepreneurship program that furthers their senior high school/tertiary education via 
integrated educational curricula, development of policies and programs, and provision of 
project grants to deserving entities. 
As Dr. Jose Rizal put it, “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 better 
chances of opening the door to a brighter one for the nation. 
In view of the foregoing, approval of this bill is earnestly sought. 
EMIGDIO P. TANJUATCO III 
July 1, 2022
8:01 am
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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City, Metro Manila 
18th Congress 
First Regular Session 
House Bill No. _ 
Introduced by REPRESENTATIVE EMIGDIO P. TANJUATCO III 
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 Act." 
Section 2. Definition of terms. As used in this Act,  
a)
“Eligible Entity” refers to:
1.
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 on 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;
f)
“SB Corporation” refers to the Small Business Guarantee and Finance Corporation;
g)
“Young Entrepreneurs” pertains to individuals between the ages of 18 to 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 
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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; 
c) 
The Department and Commission shall ensure coherence and clear progression in 
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 subjects for secondary school students; 
b. 
Train secondary school teachers all over the country to teach subjects 
developed; 
c. 
Prepare methods to evaluate the effect of entrepreneurial education and 
improve the subject design as necessary; and 
d. 
Develop the subjects 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 (4) years each, 
on a competitive basis, to eligible entities in order to: 
a. 
Develop courses 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 
d. 
Develop the courses for inclusion by the Commission in the required 
training and 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 may come in the form of a cash grant from the Commission or a link-up 
with another grant or scholarship-giving agency. Standards in choosing a 
project/study deserving of the grant shall 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. 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 the 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 is 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 duties: 
1. 
Represent the youth sector and their concerns regarding entrepreneurship; 
2. 
Coordinate with the Department, the Commission, the TESDA, and the 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. 
d) The SB Corporation shall be responsible for integrating youth entrepreneurship 
promotion into 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; 
e) The SB Corporation shall also allocate 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; 
f) 
All lending institutions as defined under the Bangko Sentral ng Pilipinas rules, 
whether private or public, shall allocate to micro, small, and medium enterprises 
established by young entrepreneurs at least Ten Percent (10%) of their total loan 
portfolio 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, Commission on Higher 


Education, and Department of Trade and Industry, correspondingly, from the General 
Appropriations Act. 
 
Section 9. Implementing Rules and Regulations.  The Department of Education, the 
Commission on Higher Education, and the 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 effect. 
 
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,