Academe experts are joining forces with MSMEs to guide them on their road to recovery. Since MSMEs are among the hardest hit by the pandemic, they need to find more innovative ways to adapt to the new normal.
Innovation for Business Recovery aims to create strategic plans of action with the help of academe experts, that MSMES can use to bounce back in the new normal.
The program was launched in December 2020 and is being handled by the Davao Regional Inclusive Innovation Center (RIIC), in partnership with the Department of Trade and Industry, the Department of Science and Technology, the Commission on Higher Education, the Department of Information and Communications Technology, and the Philippine Information Agency.
"The project is expected to pinpoint the MSMEs’ needs and provide innovative solutions to their problems with the help of subject matter experts from the academe. We are also considering its expansion by forging partnerships with more graduate schools in the region,” said Maria Belinda Ambi, DTI-11 regional director.
The first batch of MSMES involved include Healthy Sweets Mindanao Corporation, Malagos Foods, Nutricient Corporation, As & Rs Food Products, D' Farmer's Market, and King's Baked Foods.
The academic institutions participating in the project so far are the University of the Philippines–Mindanao Campus and Ateneo de Davao University.
The project is also supported by the private sector, specifically by the Davao City Chamber of Commerce and Industry, Inc., while the project partner is the United States Agency for International Development’s Science, Technology, Research and Innovation for Development.