My Google Page Rank

Lemon grass spray vs. dengue? New enterprise inventions eyed

PDFPrintE-mail

An insect repellant made from lemon grass or citronella oil that could ward off mosquitoes carrying diseases such as dengue.  Bicycles with body frames made out of strong bamboo. World-class toy blocks made from eco-friendly wood.  And much more.

These were some of the top ideas that came out of last year’s Business in Development (BiD) Challenge Philippines, an annual international online business plan competition that promotes poverty reduction through enterprise development.

The Philippine Business for Social Progress (PBSP) has announced that interested participants to this year’s BiD Challenge have until October 30 to submit their social enterprise ideas.

PBSP executive director Rafael Cojuangco Lopa said BiD Challenge Philippines aims to generate new and innovative business ideas combining poverty reduction and profit, with viable ideas being matched with potential investors.

Lopa said he is particularly encouraging entrepreneurs from outside Metro Manila to submit their business plans through the BiD website: www.bidnetwork.org.

Last year’s competition attracted over 80 entries nationwide. Previous entries such as organic corn coffee from the Sumilao farmers of Bukidnon in 2008 and the aromatic droppings of civet cats in the mountains of Cordillera (including Coffee Alamid in 2007 and Hagiyo Brew in 2008) made enterprise milestones.

“Participants can receive personal and professional coaching to develop a solid, bankable, and complete business plan, as well as get exposure to a network of local and international financiers, investors, and other business contacts,” Lopa said of the BiD Challenge.

The competition aims to have 10 winners who would receive start-up capital from a P1-million prize money pool, while the top two winners would be sent overseas to join the International BiD competition.

Further, participants should have business financing needs equivalent to between U.S.$10,000 and $1 million to qualify in the competition, and their respective businesses aiming to be profitable within the next three years, with growth potential in employees and sales of more than 30 percent per annum.

Two years ago, the BiD Philippines 2008 winner and the country’s main entry to the BiD International competition in the Netherlands eventually won the grand prize.

Rags2Riches, through Rev. Xavier Alpasa of the Society of Jesus, was the international-winning social enterprise that aimed to transform scrap fabric into bags from the designs of renowned Filipino designers Rajo Laurel and Amina Aranaz, with women weavers from the Payatas dumpsite in Quezon City actually producing these bags.

Past local BiD winners and Philippine entries that won internationally included Baycrafts in 2009 in the category of women in business retail challenge, and South Sea Exclusives in 2007 as the overall third-prize winner, with the Pineapple Industry for Youth and Society (Pinyas) winning the student category in 2006.

Baycrafts has produced and sold costume jewelry made from both indigenous and synthetic materials such as pearls, wood, fiber, seeds, crystals, and glass, with a complete line of jewelry including necklaces, bracelets, earrings, hair ornaments, rings, and anklets, among others.

South Sea Exclusives, an aquaculture company catering to the export market, has specialized in producing sustainable-bred spiny lobsters in Palawan, while Pinyas has helped pineapple farmers in Camarines Norte, Bicol in producing dehydrated or dried Formosa pineapples.

Before organizing the BiD competition in the Philippines in 2007, PBSP first handled promotions for the competition in 2006.  Prior to that, all entries were submitted directly to the Netherlands, as no local competitions were held for submissions for 2005 or earlier.




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

THE SPIDER MOVES OF JOWIE

25 Sep 2017 Hits:81 Be the first to comment!

Este si Jowie J. Natak , 44 años de edad , 5’ 9 el altor , anak di Nasal Natak y Remedios Jamie Natak que ta esta na Malayal Sibuco , Zamboanga Del Norte  . Su hermano y Hermana si Rosie, Jayson, su mujer si Lady Divina Buenagracia Natak y tiene sila 2 anak si Princess y Prince Natak . Este el su istoria … Ya principia yo juga basketball na edad 14 años na mio provincial na Malayal Sibuco, Zamboanga Del Norte . Na dimiyo 3rd year na high school ya queda iyo player de SCC , Zamboanga City del 1989-1990 . El Southern City Colleges el Interschool Champion poreso yan represent kame el Ciudad de Zamboanga na Regional Meet na [...] Read more

Prev Next Page:

BAP REGIONAL DIRECTOR R-9... REV. FR. JONATHAN DUCA

24 Sep 2017 Hits:73 Be the first to comment!

Este el istoria porcaosa del nuevo posicion que ya dale con Rev. Fr. Jonathan Duka y Omar Bowon, el dos cabesa pensante, que ya delega canila cuando ya atende sila [...] Read more


FAST & THE FURIOUS… STREETTUNERS AUTOCROSS TEAM ZAMBOANGA

22 Sep 2017 Hits:73 Be the first to comment!

Este clase de desportes el Motor Sports – Autocross /Drifting                               El presidente del organizacion si [...] Read more


Mini-grocery loses P.5M to robbers

20 Sep 2017 Hits:111 Be the first to comment!

The Sta. Maria Police (Police Station 7) is now conducting a deeper probe on the robbery of a mini-grocery in Barangay Tumaga, this city, where the sum of P500,000 was [...] Read more


Three hurt including a minor in vehicular incident

20 Sep 2017 Hits:103 Be the first to comment!

Three persons including a minor were injured after they were hit by a motorcycle along MCLL Highway, Barangay Quiniput, this city, last Saturday. Police identified the injured victims as Floribel Perez [...] Read more


SLIPPERY MOVES OF… FLORA

20 Sep 2017 Hits:85 Be the first to comment!

Este si Flora May S. Ceno, ta llama conele Flora , 20 años de edad, residente de Poblacion, Lakewood Zamboanga Del Sur . Su mayores si Rolando M. Ceno y [...] Read more


FIGHTER’S VISION... GHEN YAN

17 Sep 2017 Hits:98 Be the first to comment!

Este si Ghen Yhan Cabayaruz Berdon , su palayao “yan Yan”, 15 años de edad 5’4” el altor, anak di Agbayani D. Berdon y Genalyn Cabayacruz Berdon , hermano  si [...] Read more


ENDURANCE DASHER … JEK

15 Sep 2017 Hits:119 Be the first to comment!

Este si Jeric Sabungan Gaceta , su palayao “Jek”, 19 años de edad, 5’6” el altor , residente de Barangay Camino Nuevo , Ciudad de Zamboanga . Su mayores si [...] Read more


ROOKIE VISION… PETER

13 Sep 2017 Hits:121 Be the first to comment!

Este si Peter Edward Patual Ignacio , ta llama conele “Peter”, 18 años de edad, 6’3” el altor, residente de Navarro Court Ext, Sta Maria, Ciudad de Zamboanga . Su [...] Read more


BEST OF THE BEST - SILVER…..JELSEA

12 Sep 2017 Hits:116 Be the first to comment!

Este si Jelsea Nicole Batayen Arboiz , ta llama conele “Jelsea“, 13 años de edad , anak di Roger P. Arboiz y Marites A. Batayen , su hermana si Julie [...] Read more


UPRISING GOLDEN ACHIEVER… NICA

10 Sep 2017 Hits:138 Be the first to comment!

Este si Veronica Padillo Sagrado , ta llama conele na palayao “Nica” , 13 años de edad , anak di Ferdinand Elloreg Sagrado  y Marilyn Padillo Sagrado , su hermana [...] Read more


Factory worker nabbed for illegal drugs

07 Sep 2017 Hits:166 Be the first to comment!

A worker at a canning factory was conducted to Police Station 9 after he was caught in possession of a sachet of alleged shabu while entering the premises of Universal [...] Read more


Student stabbed in street brawl

07 Sep 2017 Hits:152 Be the first to comment!

A grade 9 student was rushed to the hospital after he was stabbed during a brawl in Sitio Pasay, Barangay San Roque, this city, Tuesday. Police Station 7, investigator-on-case from the [...] Read more


PANTHER MOVES… VEN VEN

07 Sep 2017 Hits:123 Be the first to comment!

Este si Kaven Repollo Carandang , su palayao “ven ven “, 14 años de edad ,residente de MalasigaTalungan , Barangay San Roque , Ciudad de Zamboanga . Su mayores si [...] Read more


MUAY THAI BRAWLER…. IAN

06 Sep 2017 Hits:131 Be the first to comment!

Este si Prince Ian Cabayacruz Berdon , ta llama conele “Ian”, 14 años de edad, anak di Agbayani D. Berdon y Genalyn Cabayacruz Berdon . Su hermano si Ghen Yhan [...] Read more


It’s “Business as usual” in ZamPen

06 Sep 2017 Hits:175 Be the first to comment!

Despite the extension of military rule in Mindanao, business remains vibrant in Zamboanga Peninsula. Department of Trade and Industry-9 Regional Director Sitti Amina M. Jain said peace and order remains stable [...] Read more


Swedish national held for questioning

06 Sep 2017 Hits:186 Be the first to comment!

A Swedish National allegedly heading to Basilan Province was prevented from leaving Zamboanga City by personnel of the Philippine Coast Guard Zamboanga Station (PCGZS) on Sunday. A report coming from the [...] Read more


SEA GAMES MUAY THAI BRONZE… RYAN

03 Sep 2017 Hits:149 Be the first to comment!

El diaton Muay Thai Bronze medalist  si Ryan Tarang Jakiri , ta llama conele el “Pilipino assassin” , 25 años de edad, 5’8” el altor , casao cun May Libao [...] Read more


SEA GAMES PENCAK SILAT BRONZE ….JEFF

02 Sep 2017 Hits:145 Be the first to comment!

El diaton Pencak Silat Bronze medalist si Jefferson Rhey Abilay Loon , su palayao “Jeff”, 24 años de edad ,5’7” el altor , residente de Barangay San Roque , anak [...] Read more