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

LIAC on transportation tackles traffic scheme, truck ban

25 Mar 2017 Hits:140 Be the first to comment!

The City Administrator’s Office on Thursday afternoon convened the Local Inter-Agency Committee (LIAC) on the Enforcement of Land Transportation Regulations to tackle pressing issues affecting traffic in the city’s main thoroughfares. City Administrator Apple Go presided over the meeting in line with Mayor Beng Climaco’s directives to exhaust all means to improve traffic situation in the city in partnership with the police and other law enforcement agencies and stakeholders. Topping the list in the agenda was the ongoing pipe laying project of the Zamboanga City Water District which has been aggravating traffic congestion; assessment of the experimental one-way traffic scheme which is on dry run starting March 20 covering the west coast area with the phase II to start on March 27 [...] Read more

Prev Next Page:

Visually-impaired Dapilin graduates cum laude

25 Mar 2017 Hits:77 Be the first to comment!

A visually-impaired student from Basilan Province is graduating cum laude with a degree of Bachelor of Science in Education at the Western Mindanao State University (WMSU) on Wednesday, March 29. Abdulazis [...] Read more


Chides Magdalo men for being ‘cowards’

24 Mar 2017 Hits:111 Be the first to comment!

President Rodrigo Duterte on Monday branded Vice President Leni Robredo as an enemy who was in a hurry to claim the presidency and described Senator Antonio Trillanes IV as “a [...] Read more


Globe equips Manila Science HS with 21st Century classroom

24 Mar 2017 Hits:85 Be the first to comment!

Globe Telecom and Habitat for Humanity officially turned over to Manila Science High School (MaSci) over the weekend a multifunctional Information and Communications Technology (ICT) laboratory with a collaborative working [...] Read more


WestMinCom troops honor fallen marine soldier

24 Mar 2017 Hits:89 Be the first to comment!

A fallen soldier from the Marine Battalion Landing Team (MBLT)-2, who was killed during a clash with communist rebels, was honored in a send-off ceremony before he was brought to [...] Read more


Six alleged drug pushers arrested

24 Mar 2017 Hits:86 Be the first to comment!

Six persons, including a minor, were arrested in a series of buy-bust operations conducted by the different police stations of the Zamboanga City Police Office (ZCPO), Wednesday. The Drug Enforcement Team [...] Read more


MGB-9 orders stoppage of illegal gold mining in Baliguian town

23 Mar 2017 Hits:85 Be the first to comment!

Local small-scale miners looking for gold ores were ordered to stop illegal mining activities in Pigbogololan area in the rural town of Baliguian, Zamboanga del Norte early this month after [...] Read more


Globe myBusiness gives tips to working in the comfort of your own home

23 Mar 2017 Hits:83 Be the first to comment!

Many business owners enjoy working from home, but there’s a challenge that automatically comes with it.  There are certainly many perks, like being in charge of your own time, dressing [...] Read more


Cocolisap funds await PCA, City Hall coordination gab

22 Mar 2017 Hits:80 Be the first to comment!

Funds to rehabilitate the coconut industry following the cocolisap devastation cannot be released as of yet until after the Philippine Coconut Authority (PCA) regional office 9 and the city government [...] Read more


Koko sees okay of free internet access, six key bills this year

22 Mar 2017 Hits:123 Be the first to comment!

Senate President Aquilino “Koko” Pimentel III said Congress is expected to approve this year the bill on free internet access in all public places and six other key priority measures [...] Read more


Ateneo shines anew in Physician Licensure Exam

22 Mar 2017 Hits:127 Be the first to comment!

The Ateneo de Zamboanga University School of Medicine (ADZU-SOM) once again came up with an impressive performance during the recent Physician Licensure Examination (PLE) given by the Board of Medicine [...] Read more


Globe At Home Customers Meet the Cast of Wicked

21 Mar 2017 Hits:87 Be the first to comment!

The year is just beginning, but one of the highlights of 2017 is the staging of the Wicked, the West End musical, which transformed the Theatre at Solaire into the [...] Read more


Zambo harvests 80 gold medals in ZPRAA

21 Mar 2017 Hits:105 Be the first to comment!

The Zamboanga delegation ranked second in the secondary level and third in the elementary level in the recently concluded Zamboanga Peninsula Regional Athletic Association (ZPRAA) meet held in Dipolog City [...] Read more


Lamitan in state of calamity

18 Mar 2017 Hits:157 Be the first to comment!

The city council of Lamitan, last Wednesday, declared a state of calamity in the entire city. Vice Mayor Roderick Furigay said, the City Council concurred with the request of the barangay [...] Read more


Double barrel reloaded nets four more

18 Mar 2017 Hits:141 Be the first to comment!

Four more suspected drug pushers were arrested in another Project Double Barrel-Reloaded operation in Zamboanga City, last Thursday. Arrested were Gilbert Johnston y Dagoy, 48, single, of Sitio Lantawan, Barangay Pasonanca; [...] Read more


SSS releases March differential of P1,000 additional benefit

17 Mar 2017 Hits:138 Be the first to comment!

The state-run Social Security System on Thursday said it has already released about P2.1 billion to its partner banks for the release of the last tranche of the retroactive P1,000 [...] Read more


Aboitiz, DTI partner anew for Matigsalug livelihood project

16 Mar 2017 Hits:127 Be the first to comment!

AboitizPower subsidiary Therma South, Inc. (TSI) in partnership with Aboitiz Foundation, Inc. (AFI), has tied up with the Department of Trade and Industry (DTI) 11 to implement a comprehensive crafts [...] Read more


6th InfoCar meets with 100 IDPs

16 Mar 2017 Hits:113 Be the first to comment!

Some 100 internally displaced persons (IDPs) met with local and government agencies for a half-day engagement to discuss the progress and developments of the City’s rehabilitation and recovery efforts. Spearheaded by [...] Read more


Forwarding company robbed

15 Mar 2017 Hits:138 Be the first to comment!

The office of a forwarder company was robbed by unidentified burglars who carted away computer accessories, bank checks and cash. Police Station 11 report showed that the officer-in-charge of the Overseas [...] Read more