Millions of Filipinos live on less than P13.00 a day. Many work overseas or start a small business to provide for their families.
To help them on their journey towards a better life, we equip the ultra-poor, the overseas workers and their families, and the micro-small business owners with essential skills to start, scale, and sustain an enterprise.
And our return on investment? Knowing that for every entrepreneur we mentor, a community gains jobs, grows in dignity, and gathers the momentum to rise out of poverty.
#BPISinag Accelerate is looking for Social Entrepreneurs who want to scale-up to further deepen their impact. Get the opportunity to win grants as much as P500,000 as well as access to business bootcamps, in-depth mentoring, industry networks and impact investors.
Apply Now at http://
BPI Foundation has announced the launch of the third year of its BPI Sinag program for social enterprises, or businesses with the triple bottom line of people, planet, and profit.
While BPI Sinag started as a business challenge offering mentorship and financial support for social enterprises, it is now expanding into a platform that aims to build an enlightened ecosystem for social entrepreneurship in the Philippines.
“The boot camps and competition will still be the key components of BPI Sinag. However, guided by what we have learned from BPI Sinag’s previous years, this year, we will introduce more in-depth impact assessments, identify gaps or areas of improvement, and come up with documentation that can educate other social enterprises in the future,” said Fidelina Corcuera, BPI Foundation Executive Director. “In addition, we have lined up community support activities, foremost of which is an Investor Education Seminar, which aims to encourage both new and seasoned angel investors to consider including the social entrepreneurship space in their investment portfolios.”
A key focus for this year will be to encourage these social enterprises to work towards wealth creation interventions for inclusive and sustainable growth as a means for poverty alleviation.
“Multiply the success stories of social enterprises many times over and our social enterprise sector can truly drive inclusive growth. How can we further support their growth?” said Deputy Governor Nestor Espenilla Jr. in his keynote message at the BPI Sinag Year 3 Launch, “Observed challenges relate to limited skills and capacity to grow, expand and diversify, as well as the lack of access to resources, financing and technology. I am pleased to note that these are the very challenges that Sinag hopes to address.”
Continuing from last year, BPI Sinag this year will continue to stand on two pillars. BPI Sinag U, in partnership with the Ateneo Center of Social Entrepreneurship (ACSent), will engage university students from all over the country who have ideas for potential social enterprises. Meanwhile, BPI Sinag Accelerate, in partnership with the Bayan Academy for Social Entrepreneurship and Human Resources Development (Bayan Academy), will reach out to social enterprises in operation for at least two years and are looking to accelerate their growth. BPI Sinag Accelerate is open to registered businesses with special focus on agricultural, IP, and Mindanao communities and other under-served sectors all over the country.
Both BPI Sinag U and BPI Sinag Accelerate will offer their respective participants targeted mentorship programs through boot-camps, industry networks, and access to the appropriate financing options.
“With these activities and opportunities, we hope that the social enterprises born and incubated in BPI Sinag become successful businesses that offer quality products and services, maintain high functioning value chains, and consistently deliver healthy profit margins,” said Corcuera. “We also hope to see many of them not just cater to local customers, but eventually become competitive players in their respective industries, whether in the ASEAN or in the global market.”
Those who wish to learn more about social entrepreneurship or who wish to find out how to be part of either program can visit http://sinag.bpifoundation.org/. Join the discussion and add BPI Sinag on Facebook https://www.facebook.com/bpisinag and Twitter http://twitter.com/bpisinag.
The 33 semi-finalists of BPI Sinag Accelerate are from different industries such as food, agriculture, fashion, technology, and services. These social enterprises include: Akaba Ltd. Design Co., Bag 943, Balangay’s Best, Balay Balay 3D Architecture, Barangay Aquaphonics, Camotes Coop, City Hub, Coffee for Peace, Edukasyon.ph, Fresh Start Organics, Ginto Fine Chocolates, Good Food Community, Habi Footwear, Heaven’s Dew, Jacinto & Lirio, Kapwa Greens, Kayamanan ni Juan, Kiculo & Gato, KKK Coffee, Klowil Kem Libon Org Inc., Klowil MPC, LASIWWAI, Onda Swim Enterprise, Organic Options Inc., Rehobot Association, Risque Designs, Scoop Garden Ice Cream, Shine Native Products Marketing, Solar Solutions Inc., Southern Leyte Integrated Farmers and Fisherfolks, Sustainable Alternative Lighting Corp. (SALT), The Churner Group Inc., and We are Juan.
From August 15-19, 2016, the semi-finalists went through their 1st bootcamp where they were trained how to strengthen their business models, increase their social impact, and pitch to potential impact investors.
Mentors of the first bootcamp included Jeannie Javelosa, Co-Founder and Director of ECHOstore, Krie Lopez, Founder of Messy Bessy, Rob Crisostomo, Founder of Seed Core Philippines, Charlie Villasenor, CEO of TransProcure, Jocelyn Alviar, Vice President Human Resources of Bank of the Philippine Islands (BPI), Carlo Calimon, Founder of MobKard, Priya Thachadi, Program Head of Villigro Fellowship, and Artie Lopez, Founder of Brainsparks Philippines.
Bootcamp attendees also learned from experts about strategies and solutions to some of the problems that they may face putting up their own businesses. Some of the topics were Taxation by Mon Abrea, Impact Investing by Bong Soto, Digital Marketing by Carlo Calimon, Legal by Atty. Bheejhay Sanchez, and Financial Management by Anton Mauricio.
After the first bootcamp, the social enterprises will be judged according to their pitches and their investment proposals, after which only 20 teams will be chosen to go through the 2nd bootcamp. At the end of the challenge, 10 of the best social enterprises will be awarded with mentoring and incubation, grants and loans, and more.
The BPI Sinag Challenge 2016 is a program of BPI Foundation that supports social enterprises or businesses with a social mission. This year, the BPI Sinag Challenge has two categories – BPI Sinag Accelerate for social enterprises ready to scale-up and BPI Sinag U for university students. Peace and Equity Foundation and Ateneo Center for Social Entrepreneurship (ACSEnt) are the partner organizations for each category respectively. While the selection for BPI Sinag Accelerate has ended, the students from the partner universities can join BPI Sinag U until end of September.
Visit http://sinag.bpifoundation.org/ for more information.
Micro, small and medium enterprises (MSME) are seen as major economic growth drivers.
However in the Philippines, many entrepreneurs like Leonida still lack exposure and knowledge on basic business tools, such as business planning, market research, product design and operations mapping.
Recognizing this gap, the BPI Foundation, in collaboration with DTI’s PTTC – Philippine Trade Training Center launched the “Show Me, Teach Me, MSME” program in 2010 to help empower MSMEs from all over the country.
The entrepreneurial learning sessions taught basic business skills for the first 5 years, with 2015 as its upgrade point. In line with the ASEAN Integration, the program is now capacitating MSMEs with workshops focusing on Food Packaging Labelling & Design and Product Design Enhancement & Assessment for Non-food Products – the weak points of our products in the regional market.
Malaybalay City, Bukidnon, was the venue for the latest “Show Me, Teach Me” workshop this year, held last July 30-31, 2015 -- training over 80 entrepreneurs from both food and non-food sectors.
Respected designers Raynor Zuleta and Rey Soliven facilitated the workshop by discussing trends in design and the importance of branding and packaging.They also assessed and critiqued the products that the entrepreneurs brought to enable them to re-imagine how to upscale.
Since 2010, the program has trained over 1,800 entrepreneurs across 36 cities. It will run in six other cities later this year – Antique, Antipolo, Victoria City, Laguna, General Santos, Zambales and Cabanatuan City, Nueva Ecija – in the hopes of reaching and empowering more budding entrepreneurs.
The BPI Foundation promotes the empowerment of micro, small and medium businesses. In partnership with the Department of Trade and Industry’s (DTI) training arm, and the Philippine Trade Training Center (PTTC) , the Foundation provides free entrepreneurship development course called “Show Me, Teach Me, MSME” – Empowering Entrepreneurs. These series of training programs are held in select, key cities across the country.
The program includes four business development modules: "Starting and Maintaining a Business", "Finding the Right Market", "Basic Product Costing and Pricing" and "Basic Business Recording" – all meant to equip small entrepreneurs with information on how to create, build and maintain a business. In anticipation of ASEAN 2015, and to enhance the competitiveness of our local products, BPI Foundation included topics on “Food Packaging and Labeling Design for the Food Sector” and “Product Design Enhancement and Assessment for Non-food Sector”.
Stay tuned as we unveil who makes it to the Top 10 this November! Follow us here as you witness their BPI Sinag journey!