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NYC to Government Agencies: Finalize IRR for Youth Entrepreneurship Act of 2015

JUNE 01, 2018 – The National Youth Commission is urging all concerned government agencies – namely, Department of Education (DepED), Technical Education and Skills development Authority (TESDA), Commission on Higher Education (CHED), and Department of Trade and Industry (DTI) – to finalize the Implementing Rules and Regulation (IRR) for Republic Act 10679 or the Youth Entrepreneurship Act of 2015.

In a resolution by NYC Commissioner-at-Large ASec. James Ceasar Venture, it was restated that the IRR draft dated back in October 2017 must be reviewed and finalized by the designated representatives from the aforementioned concerned government agencies.
According to ASec. James Ventura, “There is a need to fast track the IRR because youth entrepreneurship is a very important component in pushing for economic empowerment among the youth, especially at this time that the SKs are preparing for their Barangay Youth Development Plan.”
ASec. Ventura also accented that once the IRR has been finalized, the youth may have “access to information about available governmental and non-governmental assistance and training programs for possible entrepreneurial and financial ventures, mentoring and coaching programs, opportunities to set up enterprise incubation laboratories and creative spaces in schools to encourage enterprise creation and development, and to avail of lending and other support programs for agriculture-related entrepreneurship activities.”
The Entrepreneurship Education Committee, which will be composed of the representatives from the concerned government agencies, will be tasked to create a national plan of action for the implementation of RA 10679. Included in the plan will be: (1) the standardization of all current programs of schools and institutions on entrepreneurship and financial literacy, (2) conducting of research on current government efforts in other countries that support entrepreneurship practices that may be replicated in the Philippine educational system, and (3) provision of technical assistance, training and support to ensure coherence and clear progression of the objectives of the Youth Entrepreneurship Act.
According to the 2017-2022 Philippine Youth Development Plan, youth entrepreneurship is one of the areas of youth participation aligned with the ASEAN Work plan on Youth and the United Nations Sustainable Development Goals.
The Youth Entrepreneurship Act of 2015 can be read here.
The Philippine Youth Development Plan can be read here.
You can also read about the Sustainable Development Goals at the United Nations Development Programme website.
In order to read more about the PYDP, you can visit the National Economic and Development Authority website.
For more inquiries and updates, you may reach NYC through:
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