Social entrepreneurs to get more funding

MENTORSHIP will be given to the Sinag awardees.

This is a time when business owners want socially responsible endeavors.

Bank of the Philippine Islands (BPI) responded to the needs of social entrepreneurs in the country by putting up Sinag Spark, a seven-year business challenge. Led by the bank’s foundation, it aims to nurture, develop and empower such entrepreneurs.

During the Sinag Spark 2021 virtual launch, BPI Foundation executive director Owen Cammayo said that the challenge is dedicated to struggling social entrepreneurs who are in dire need of funding to fulfill their respective enterprises’ vision to help the people and the planet.

Social entrepreneurs 18 years old and above leading a registered social enterprise for at least six months can join the challenge. Registration is open at www.bpifoundation.org/page/bpi-sinag.

Forty social entrepreneurs will be shortlisted in the Sinag Spark challenge. Twenty will move to the finals and 10 entrepreneurs will be chosen as awardees.

They will receive mentorship opportunities and grants — P300,000 for the top five and P100,000 for the rest.

The mentorship is in partnership with Bayan Academy for Social Entrepreneurship and Human Resource Development, Endeavor Philippines, Start-Up Village and Vilgro Philippines.

SINAG Spark awardees in 2019. / PHOTOGRAPHS COURTESY OF BPIFOUNDATION.ORG

Cammayo added that BPI Sinag will publish a social entrepreneurship book later this year. It will contain exclusive documentation and inspiring stories of BPI Sinag awardees and community members.

The foundation is also busy working with a National SE Strategy Paper to develop social entrepreneurship beyond the Sinag Spark challenge.

“We live in a vast and complicated world and it needs our cooperation and commitment to do all we can to ensure a better and brighter tomorrow for future generations,” Cammayo said.

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Credit belongs to : www.tribune.net.ph

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