Section 11Sec./Art. 11

Startup Grant Fund. -There is hereby created a Startup Grant Fund (SGF) under each of the following agencies:

(a) Department of Science and Technology:

(b) Department of Information and Communications Technology: and

(c) Department of Trade and Industry.

Each agency shall use its respective SGF to provide initial and supplemental GIA for startups and startup enablers that have passed its selection and application process.

Each agency shall propose and include in its respective budget under the annual General Appropriations Act the initial and succeeding appropriations for the creation and replenishment of its SGF.