Official Publication of the Philippine Information Agency Bicol Regional Office, in cooperation with the RIAC-REDIRAS - RDC Bicol

Friday, July 15, 2016

Bicol seafarers urged to join NCRO-ISP Business Plan Competition

By Sally Atento-Altea

LEGAZPI CITY, July 15 (PIA) –Seafarers who can craft a business plan will have the chance to win cash prizes and be mentored by experts for their plan to materialize and succeed.

Such oppurtunity is part of the 2016 Business Plan Competition for seafarers launched yesterday in the Bicol region at the La Piazza Convention Center here by the The National Reintegration Center for OFWs (NCRO) and the Integrated Seafarers Philippines with applications accepted since June 22, 2016 until August 19, 2016.

“The 2016 NRCO-ISP Business Plan Competition is a great opportunity for qualified seafarers to convert their ideas into a business plan and win cash prizes which they can use as seed capital to start their own business,” NRCO Director Chona M. Mantilla said.

The competition is open to active seafarers preferably those who are planning to retire from sea life and interested to venture into entrepreneurship and inactive seafarers who have been in the Philippines for not more than five years and interested to venture into entrepreneurship.

“The business plan competition can be seen as a practical tool not only for building the capacity of qualified seafarers intending to setup their own business when they return home but also supporting the growth of jobs in their hometowns,” Mantilla said.

The participants must be Filipino and 25 years or older and may join the competition either in solo, pairs or groups with at least three members. Moreover qualified seafarers who wishes to join but is currently on duty must have at least one official representative to handle the tasks and activities required.

The competition is open only to start-up business plan. Agribusiness is strongly encouraged as a business plan idea.

The grand prize winner will have P500,000 to be given in three tranches and will have access to local government’s assistance in business registrations and other services. Special awards will also be given along with grants and access to preferential business loan funding from NRCO and its partners.

The entries will be evaluated based on the content of the plan including social business idea and purpose, impact on the community and financial viability.

Participants must complete the entry form downloadable at the NRCO website www.nrco.dole.gov.ph. (MAL/SAA-PIA5/Albay)

- See more at: http://news.pia.gov.ph/article/view/2571468564455/bicol-seafarers-urged-to-join-ncro-isp-business-plan-competition#sthash.2esIt2z2.dpuf

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