"Boosting Innovation DOST's "Propel" Program Accelerates Commercialization of Startups" This title effectively captures the essence of the blog post, highlighting the Department of Science and Technology (DOST) Philippines' new program called Propel, which aims to accelerate the commercialization of startups and enterprises' innovations. The use of the word "Boosting" conveys a sense of momentum and energy, while the phrase "Accelerates Commercialization" gives readers an idea of what the program is trying to achieve.

Boosting Innovation DOST's Propel Program Accelerates Commercialization of Startups

As entrepreneurs, we're constantly seeking ways to propel our businesses forward. And what better way than with the support of the Department of Science and Technology (DOST)? Recently, they unveiled their Propel program, designed to fast-track the commercialization of startups and enterprises' innovations.

What is Propel?

Imagine having access to a comprehensive suite of services, facilities, and programs that can help you bring your innovative ideas to market. That's precisely what DOST's Propel program offers. According to Secretary Renato Solidum Jr., the initiative aims to provide Filipino startups and science and technology (S&T) enterprises with the tools they need to succeed.

A Boost for Innovation

Think of it like getting a gentle nudge in the right direction, helping your business grow and flourish. With Propel, you'll have access to 12 support services, including legal assistance, market intelligence, and more. This integration will facilitate interactions between technology producers and investors, encouraging dialogues and potential partnerships.

Breaking Down Barriers

The program's two-step vision is both ambitious and achievable accelerate innovation in the Philippines and propel innovation from the Philippines. By opening up remote collaboration and market access through digital platforms, Filipino businesses can showcase their products to global audiences – think of it as a virtual trade show!

Practical Support for Innovators

Propel targets scientists and early to mid-stage S&T innovators, offering extensive support in areas such as

• Business model development
• Technology and market validation
• Legal advice
• Marketing and promotions
• Capital raising

This comprehensive support will help entrepreneurs refine their ideas, validate them with the market, and raise capital for further growth.

The Balik-Scientist Program Encouraging Expertise

Meanwhile, DOST has already assisted over 120 Filipino scientists who have returned to the country through its Balik-Scientist Program (BSP). This initiative aims to promote information exchange and accelerate the flow of new technology into the country by strengthening scientific and technological manpower.

Conclusion Empowering Innovation

DOST's Propel program is a game-changer for startups and enterprises in the Philippines. By providing access to a range of support services, facilities, and programs, this initiative can help drive innovation and economic growth. As entrepreneurs, it's essential to stay ahead of the curve – with Propel, you'll have the tools to do just that.

Take Action

• Learn more about DOST's Propel program and how it can benefit your business.
• Explore the 12 support services offered by the program.
• Connect with other innovators and entrepreneurs in the Philippines.
• Start building your innovative idea today!

Keywords DOST, Propel, startups, innovation, commercialization, entrepreneurship, science and technology, Balik-Scientist Program, Philippine economy.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.