DTI sets...

barriers.

At present, DTI is eyeing some programs for funding support under SMART. First, the ECO-PUV Program – this includes the manufacture of jeepneys using both ICE & EV technology, Parts & components of OEM platform & Eco-PUV body, and Production volume & fixed investment support.

The DTI-National Development Corporation Co-investment Program also identifies Co-fund innovation projects to develop new products, new capabilities, provides funding assistance for developing & testing technology projects, and bestows Matching Grants.

EV Incentive Scheme (EVIS) Program – this program provides CARS-like incentives (fixed and production volume incentives) to electric vehicle production. Examples are E-jeepneys, buses, trikes, motorcycles.

Industrial Transformation Program – this program would provide support to companies that are shifting to Industry 4.0 technologies to improve productivity (digitalization, automation)

The SMART program fully supports the new flagship industrial strategy of the government as it is consistent with the Philippine Development Plan, the i3S (Inclusive Innovation Industrial Strategy), and the inclusive Filipinnovation & Entrepreneurship Roadmap.

Lopez cited the need to revitalize the manufacturing sector to continue its high growth trajectory and help transition the industries to Industry 4.0. He explained that the projects to be supported under the program would have to be performance-based, targeted, time-bound, and transparent.