HB08957: AN ACT ESTABLISHING THE PHILIPPINE ENTREPRENEURS ACADEMY, AND APPROPRIATING FUNDS THEREFOR
This bill establishes the Philippine Entrepreneurs Academy, a new learning institution under the supervision of the Commission on Higher Education (CHED). The Academy's mandate is significant as it will offer undergraduate and graduate degree programs, short-term technical-vocational non-degree courses, and modular trainings specifically designed to enhance entrepreneurial competencies. It aims to formalize and integrate nonformal entrepreneurship programs from various government agencies like TESDA, DTI, and DOST into a structured school system, promoting entrepreneurship's role in job creation and economic growth.
The establishment of two campuses, with the main one in Clark Freeport and Special Economic Zone and another in Baguio City, signifies a dedicated effort to decentralize and expand entrepreneurship education. The bill also outlines the composition and powers of its Governing Board, including its authority to set tuition fees (while ensuring affordability), receive donations, and appoint faculty and officials, and aims to implement a socialized tuition scheme to ensure accessibility for deserving students. This act is poised to foster a new generation of entrepreneurs, contributing to the country's economic development and job market.