Components of the Youth Entrepreneurship Program
- Entrepreneurship Education: Immersion in entrepreneurial principles, character building, and technical assistance including business plan development and management.
- Credit Assistance and Lending: Providing information on credit facilities and mechanisms to access resources for viable business proposals.
- Role Modeling and Mentoring: Exposure to business personalities as role models, establishing mentor-apprentice relationships, organizing interactive activities, and providing market insights.
- Business Plan Development and Training: Technical assistance and skills training for business planning and management, ongoing education to improve business competence.
- Market Syndication and Linkaging: Connecting young entrepreneurs to markets through trade fairs and business matching activities.
- Business Information Network: Continuous information support on market trends, opportunities, and technological advances via publications or online.
Composition and Structure of the National Cooperators Council
- The Council is chaired by the Secretary of the Department of Trade and Industry.
- The National Youth Commission Chairperson acts as Co-Chairman.
- The Presidential Consultant for Entrepreneurship, representing the private sector, serves as Vice Chairman.
- Membership includes senior officials (Assistant Secretary level or equivalent) from various government departments and development institutions related to trade, labor, education, social welfare, local government, agrarian reform, science and technology, youth development, finance, and cooperative sectors.
Enrollment and Classification of Programs under YEP
- Council members are tasked to identify or develop youth-oriented entrepreneurship programs.
- Programs must be consistent with the mandates and policies of each member agency.
- Enrolled programs are classified under the six major components of the YEP for systematic implementation and monitoring.
Repealing Clause and Effectivity
- All prior Executive Orders or issuances inconsistent with this Executive Order are repealed or modified accordingly.
- The Executive Order takes effect immediately upon issuance.
This comprehensive restructuring reinforces collaboration between government agencies and the private business sector to strengthen youth entrepreneurship development in the Philippines.