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Bacolod City, Philippines Tuesday, November 14, 2017
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Entrepreneurs needed

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In her keynote address at the opening ceremonies of the 6 th United Nations Educational Scientific and Cultural Organization – Asia-Pacific Program of Educational Innovation for Development Meeting on Entrepreneurship Education, Commission on Higher Education chairperson Patricia Licuanan said more young Filipinos are taking up entrepreneurship courses in college, a trend that underscores the importance of aligning entrepreneurship education with international standards.

Licuanan added that aside from efforts to develop the formal curriculum, schools offering entrepreneurship as a degree program must create a learning environment that demands excellence as well as “encourage taking risks, and make space for failure – especially failing early, for the cause of learning.”

According to Licuanan, an increase in the number of college graduates who aspire to set up their own business is noticeable, adding that there was a time when the career paths of the top graduates of major universities involved getting hired by multinationals or by major Philippine companies to rise through the corporate ladder to a top executive position. “That seems to be changing as more are attracted to entrepreneurship,” the CHED chief said.

She also noted an increase of women in Philippine business, revealing that an international study on entrepreneurship showed 70 percent of small and medium enterprise start-ups in the country are led by women.

The rise of an entrepreneurial class is good news for a developing country like the Philippines. Government says it wants to promote micro, small and medium enterprises to encourage small businesses and the interest is already there from the youth of the nation. With the continued support from government and improved training from the education sector, we can look forward to empowered Filipino entrepreneurs capable of making significant contributions to our economy and society.*

   

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