Call for Proposals for Venture Financing Program (VFP)

Hey, PINOYpreneurs!

Are you looking to grow your business with accessible soft loan financing?

We have an opportunity waiting for you! DOST-TAPI is opening a 2nd wave of Call for Proposals for Venture Financing Program (VFP).

VFP helps MSMEs by financing the following:

1. Raw and packaging materials. MSMEs must have purchase orders (POs) from their clients that are valid for at least 2 months. Maximum of 2 assistance, provided that the first assistance is fully refunded and liquidated.
2. Slotting or rental fees. Maximum of 3 retailers.
3. Web hosting and maintenance fees. Maximum of 1 year.
4. Upfront and/or licensing fees for the adoption of the DOST technologies.
5. Certification fees for local and international standards.

Financing is up to ₱2,000,000.00 with 0% interest and requires no collateral. Refund is up to 1 year on top of a 6-month grace period.

Eligible MSMEs are the following:

1. Filipino-owned and in operation for at least 3 years.
2. Duly registered sole proprietor or partnership or cooperative or corporation with at least 60% Filipino citizen ownership.
3. A technology-based company qualified as either of the following:
   • Holder of an active intellectual property (IP) filing
   • Adopter of DOST-generated or funded technology
   • Previous or current DOST beneficiary (e.g., SETUP beneficiary, incubatee of a DOST-TBI, DOST grant beneficiary, etc.)
   • Technology licensee

This financing opportunity is  only open until May 31, at 5 PM!

Interested in applying for VFP?

1. Check the following for the full program information and requirements: https://tinyurl.com/VFPCallPage2023.
2. Start your application process by downloading and filling out the proposal form: https://tinyurl.com/VFPProposalForm2023  
3. Prepare your draft proposal and schedule a one-on-one consultation with us: https://tinyurl.com/REGISTERConsultationWriteshop.

If you have any questions, please feel free to contact acu-n@tapi.dost.gov.ph.