Page 46 - DTI Prosperity Plan 2022

RIPPLES Plus

The project provides bespoke interventions for MSMEs under Tracks 1, 2 and 3
through training and capacity building, investment, marketing and promotion,
support innovation, product development and design including acquisition. It
will facilitate developmental activities to increase the competency of the
enrolled MSMEs to take on the global market opportunities by supporting
acquisition of certifications acceptable to markets.

Startup Ecosystem Development Program (SEDP)

The SEDP is a five-point program developed as the industry cluster program to
foster inter-enterprise linkages among MSMEs and strengthen collaborative
networks. With this action plan, the government aims to create high-growth
and high-impact startups that will nurture innovation, sustain economic growth
and generate large-scale employment opportunities.

Go Lokal

Go Lokal! is a concept retail store showcasing quality and innovative Philippine
products crafted, designed, and produced by the country’s micro, small and
medium enterprises (MSMEs). This serves as an opportunity for the country’s
MSMEs to go mainstream and test the marketability of their products without
incurring the high costs of operating a retail outlet. It also advances inclusive
growth by driving MSME development, generating jobs, and promoting
meaningful livelihood.

Exploring New Geographic Markets

Four new Foreign Trade Service Posts shall be opened in countries with healthy
and thriving bilateral economic activities with the Philippines. This program
aims to promote economic cooperation in the areas of technology, education,
and services, to increase exports of goods and services to new overseas
markets, and to increase investments coming from these areas.

40 PROSPERITY PLAN 2022