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Accelerating Innovation How to Use DOST's Propel Initiative to Boost Your Startup

The Department of Science and Technology (DOST) has launched Propel, a comprehensive program aimed at supporting Filipino startups and science and technology (S&T) enterprises in bringing their innovations to market and scaling up their businesses. As a startup looking to commercialize your innovation, understanding how to leverage the Propel initiative can be a game-changer for your business.

What is Propel?

Propel is a two-step program designed to accelerate innovation in the Philippines and propel it onto the global stage. This comprehensive suite of services integrates 12 support services from the DOST, including legal services, market intelligence, and more, to facilitate interactions between technology producers and investors. With Propel, startups can access expert advice, mentorship, and funding opportunities to help turn their ideas into reality.

How Can Propel Help Your Startup?

Through Propel, your startup can gain extensive support in areas such as

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

This comprehensive support system is designed to guide you through the commercialization process and bring your innovation to market. Whether you're looking to establish a company, improve your product, or scale up your business, Propel can provide the guidance and resources you need.

Digital Platforms for Remote Collaboration

One of the key features of Propel is its use of digital platforms to facilitate remote collaboration and market access. This enables you to showcase your products and services to global audiences without leaving the country. Imagine being able to connect with investors, partners, and customers from around the world, all from the comfort of your own office.

Benefits for Scientists and Innovators

Propel is specifically designed to support scientists and early-to-mid-stage S&T innovators. This means you can gain access to expert advice, mentorship, and funding opportunities tailored to your needs. Whether you're looking to commercialize a research-based innovation or scale up your startup, Propel can provide the support you need.

Conclusion

The DOST's Propel initiative is an exciting opportunity for startups and science and technology enterprises to bring their innovations to market and scale up their businesses. By leveraging this comprehensive suite of services and facilities, you can gain the expertise, resources, and funding needed to turn your ideas into reality. Whether you're looking to establish a company, improve your product, or scale up your business, Propel can provide the support you need to succeed.

Keywords DOST, Propel, startup, innovation, commercialization, entrepreneurship, science and technology, Philippines, business development, market access, funding opportunities.

I made the following changes

Improved the tone by using a more professional and engaging writing style.
Edited for grammar, punctuation, and spelling errors.
Enhanced readability by breaking up long paragraphs into shorter ones and using clear headings and subheadings.
Streamlined the content to make it more concise and focused on the key points.
Added transitional phrases and sentences to improve the flow of the text.

Let me know if you have any further requests!

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.