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VENTURE FINANCING PROGRAM By Department of Science and Technology – ARMM Aims to push and accelerate the commercialization of new and emerging technologies FINANCIAL ASSISTANCE COVERAGE to Juridical entities with capability to provide 30% equity of project cost : Cost of acquisition of production equipment; and, Working capital for initial trial production Project Cost: PhP1.5 million/project (max) 70% of project cost as seed money and 30% to be shouldered as proponent equity. FEATURE: Technological Advantage Socio-economic benefits Increase in production efficiency High rate of return on investment Environmental Integrity Cutting-edge Technologies in IT/Electronics TECHNICAL EVALUATION COMMITTEE (TEC): TAPI, RDIs/Councils, Academe, Private Sector CRITERIA FOR SELECTION: Technical Viability Market Acceptability Financial Profitability Sound Management/Administrative System Socio-economic Impact
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VENTURE FINANCING Program
VENTURE FINANCING Program
aims to push and accelerate the commercialization of new and emerging technologies
FINANCIAL ASSISTANCE COVERAGE
Who are eligible?
Juridical entities cooperatives/corporations
Capability to provide 30% equity of project cost
Feature of the Project
Technological Advantage1
Socio-economic benefits
Increase in production efficiency
High rate of return on investment
2
3
4
Environmental Integrity5
• Food Processing
• GTH• Biotechnology• IT/Electronics
• Metals and Engineering
• Herbal/Organics in Agriculture
• Environmental/Energy
• Other Cutting-edge Technologies
PRIORITYAREAS
Technical Evaluation Committee (TEC)
• composition: TAPI, RDIs/Councils, Academe, Private Sector
• composition: TAPI, RDIs/Councils, Academe, Private Sector
assess the technology
submitted for funding
assess the technology
submitted for funding
Project Evaluation Procedure
CRITERIA FOR SELECTIONCRITERIA FOR SELECTION
Technical Viability
Market Acceptability
Financial Profitability
Sound Management/Administrative System
Socio-economic Impact
• (70)% of project cost (seed money)
• 30% to be shouldered as proponent equity
maximum of 1.5 million/project
