DTI Secretary Gregory L. Domingo has announced that the 2011 SME STAR Program is now officially starting its search for the country’s outstanding entrepreneurs as part of the government\\\'s development agenda to strengthen and support micro, small and medium enterprises. The latest statistics show that MSMEs represent 99.6% of all registered businesses in the country, and can thus be considered as the backbone of the Philippine economy.
The SME STAR Program is seen as an important component in MSME development and promotion, as it recognizes outstanding entrepreneurs that have shown remarkable achievements in growing their businesses to become globally competitive enterprises. Three award levels are included in the SME STAR Program, corresponding to stages in enterprise growth.
For enterprises in the start-up and capability-building stage, the SME Rising Star Award will be conferred to outstanding MSMEs at the provincial level, with one winner each for the micro, small and medium enterprise categories.
Enterprises at the domestic market penetration and export awareness stage are eligible for nomination to SME Star Elite Award, which is conferred at the regional level.
For highly-successful enterprises that have reached the export and expansion stage, the highest recognition is given through the SME Star Presidential Award. Chosen from the pool of current SME Star Elite Awardees, the National MSMED Council executive committee determines the qualifying finalists who are then submitted to a distinguished board of judges.
Nomination forms as well as other details about the nomination process are available from local DTI offices. Deadline for submission of nomination forms is 31 March 2011.
Bureau of Micro, Small and Medium Enterprise Development
(02)751.0384 local 2509 or (02) 751.5061
With reports from DTI