BPI Foundation, the social development arm of the Bank of the Philippine Islands (BPI) today, launched a program for the development of local micro and small enterprises (MSEs) called BPI Small Enterprise Acceleration Lab (SEAL), with its first track, Small Enterprise Growth Agenda (SEGA), in partnership with Bayan Academy.
BPI SEAL-SEGA is a search for start-up businesses that are ready to develop their viable business ventures. This project is designed to meet the needs of start-up businesses through training, mentoring sessions, and cash grants. The training program aims to help the startups assess their enterprise’s products, services, operations, and marketing and assist them in developing their start-up enterprise development plan.
Photo shows, clockwise from upper left: DTI Undersecretary of Regional Operations Group Blesila A. Lantayona, BPI Foundation Executive Director Owen Cammayo, Start Up Village President Carlo Calimon, and Bayan Academy President and Chairman Prof. Francisco “Jay” Bernardo.
“It’s no secret that the past two years have been extra tough for the entire business community, most especially for the Micro and Small Enterprises (MSEs) which faced multiple challenges including the lack of funds to maintain their businesses after a series of lockdowns. To help address the pressing need for an intervention and spur growth to the MSE sector, we are excited to kick-off the pilot run of the BPI SEAL-SEGA,” said BPI Foundation Executive Director Owen Cammayo.
In 2020, the Department of Trade and Industry (DTI) reported that 99.51% of all businesses across the country belong to the micro, small, and medium enterprises (MSME) sector. Micro enterprises account for 88.77%, while 10.25% are small enterprises.
According to a study conducted by the Philippine Institute for Development Studies in 2018, this sector continues to struggle in the value chain, primarily due to lack of access to finance, labor and technical and management know-how. SEAL-SEGA aims to help bridge the gaps.
“Startups proved to us that crisis can also be a strong driving force for creativity and innovation,” DTI Undersecretary of Regional Operations Group Blesila A. Lantayona noted. “If this new normal has taught us anything, it is harnessing the benefits of digital technologies and transformation that could be an opportunity to create sustainable and adaptable businesses.”
Bayan Academy President and Chairman Prof. Francisco “Jay” Bernardo said, “BPI SEAL SEGA is dedicated to helping startups sustain, develop and scale up their businesses. We are here to be part of the nation-building efforts that SMEs have been providing us.”
Fifty (50) MSEs will be chosen to join the boot camps and showcase their plans through a business pitch to a panel of judges. The Top 1–10 will receive a cash grant of P100,000 each, while the Top 11–20 will bring home Php50,000 each.
The business challenge is open to start-up entrepreneurs who are 18 years old and above, and whose enterprise’s asset size is Php1 million and below. The application period will run until July 15, 2022. To know more about SEAL, visit https://bpifoundation.org/page/bpi-seal-sega and follow BPI Foundation on Facebook and Instagram.
Jing De Jesus – Gio is the one behind Media Mom Manila, a Filipina TV Producer. A career-oriented woman from media industry who’s a mom and wifey in between. Multi-tasking at its best, just like how she does on programs. While tv production is her expertise, blogging is her passion.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/it/register-person?ref=FIHEGIZ8
I may need your help. I’ve been doing research on gate io recently, and I’ve tried a lot of different things. Later, I read your article, and I think your way of writing has given me some innovative ideas, thank you very much.
I am regular reader, how are you everybody?
This paragraph posted at this site is genuinely pleasant.
Piece of writing writing is also a fun, if you be
familiar with afterward you can write otherwise it is complicated
to write.
Excellent blog here! Also your web site so much up fast!
What host are you the usage of? Can I get your associate hyperlink to your host?
I want my website loaded up as fast as yours lol
Very shortly this website will be famous amid all
blogging people, due to it’s nice posts
Greetings! Very useful advice in this particular article!
It’s the little changes that make the most significant changes.
Thanks for sharing!
An impressive share! I’ve just forwarded this onto a friend
who was doing a little research on this. And he actually ordered me
dinner because I stumbled upon it for him… lol. So allow me to reword this….
Thank YOU for the meal!! But yeah, thanx for spending time to
talk about this matter here on your blog.
What’s up colleagues, how is everything, and what you want to say
on the topic of this piece of writing, in my view its actually awesome in favor of me.
This is really attention-grabbing, You are a very skilled blogger.
I have joined your feed and stay up for searching for more of your fantastic post.
Also, I’ve shared your web site in my social
networks
Thanks a lot for sharing this with all people you really understand what you’re
speaking about! Bookmarked. Kindly also discuss with my
site =). We may have a link exchange agreement between us
Hi there, for all time i used to check web site
posts here early in the break of day, since i enjoy to find out more and more.
It’s hard to come by experienced people for this subject, however, you seem like you know
what you’re talking about! Thanks
I’ll immediately grasp your rss as I can not to find
your email subscription hyperlink or newsletter service.
Do you’ve any? Please allow me recognize so that I may just subscribe.
Thanks.
Excellent article. I will be dealing with a few of these issues
as well..
I take pleasure in, cause I found just what I was looking for.
You’ve ended my 4 day long hunt! God Bless you man. Have a nice day.
Bye
Hi, I do believe this is an excellent blog. I stumbledupon it
😉 I may return yet again since i have book marked it.
Money and freedom is the best way to change, may you be rich and continue to
help other people.
Actually when someone doesn’t understand afterward its up to other visitors that
they will assist, so here it occurs.
Nice post. I was checking continuously this blog and I’m impressed!
Extremely helpful info particularly the last part :
) I care for such info much. I was seeking this certain info for a very long time.
Thank you and good luck.
Remarkable issues here. I am very satisfied to peer your article.
Thanks a lot and I’m taking a look ahead to contact you.
Will you kindly drop me a e-mail?
I am really impressed with your writing skills and also with the
layout on your blog. Is this a paid theme or did you modify it
yourself? Anyway keep up the excellent quality writing, it is rare to see a nice blog like this one these days.
Great article, just what I needed.
Good web site you have here.. It’s difficult
to find high quality writing like yours these days.
I really appreciate people like you! Take care!!
Great blog here! Also your website loads up very fast!
What web host are you using? Can I get your affiliate link to your
host? I wish my web site loaded up as fast as yours lol
Medical Reference: Complementary Medicine. According to Tufts Center for Drug Development, the cost to develop a new prescription drug is about $2.87 billion.
Great work! This is the type of info that are meant to
be shared across the internet. Shame on Google for no longer positioning this publish upper!
Come on over and talk over with my site .
Thank you =)
Hey There. I found your blog using msn. This is a
very well written article. I’ll make sure to bookmark it and
come back to read more of your usweful information.
Thanks for tthe post. I’ll certainly return.
Also visit my web-site; 燒烤