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Monday, July 25, 2016

P500T grand prize awaits seafarers

Juju M. Empuerto

CEBU CITY, July 25 (PIA) --- All active and inactive seafarers are invited to join the 2016 National Reintegration Center for OFWs (NRCO) and Integrated Seafarers of the Philippines (ISP) Business Plan Competition, said NRCO-7 Regional Coordinator Dexter Paro. 


In a report to DOLE-7 Regional Director Exequiel  Sarcauga, Paro said the business plan competition aims to foster development of new businesses in the countryside or in the hometowns of the seafarers and their families. 

“With this activity, we hope to raise awareness among seafarers to invest as social entrepreneurs using their talents, skills, and knowledge gained from working overseas,” he said. 

He added that through the activity, potential seafarers and their families intending to set up their own business might be provided with the help they need to develop viable business plans and ideas and turn them into business solutions to real social problems in their hometown or community. 

“We also hope to create a database of business plans for future policy and research purposes and help winning entrants access finance and other services required putting their business plans into practice,” said Paro. 

The business plan competition is open to active seafarers especially those who are planning to retire from sea life and are interested to venture into entrepreneurship.  

Seafarers who have been in the Philippines for not more than five years are likewise encouraged to join. 

“We will accept solo participants, those in pairs or by groups composed of a minimum of three members.  Entrants must be Filipino and should be 25 years old and above,” he added. 

Entrants who will not be able to attend the competition are reminded to have at least one official representative, preferably an immediate family member, who will handle all the tasks and activities required in the competition. 

Aspirants are to fill out an entry form which can also be accessed and downloaded from www.nrco.dole.gove.ph. 

Paro emphasized that the competition is open to “start-up business” only.  

Agribusiness is strongly encouraged as a business plan idea. 

“We are inviting interested seafarers and their families to attend the grand launching for Visayas on 28 July 2016 at Hotel Elizabeth Cebu, Kamputhaw, Cebu City,” he said. 

Ten entrants will be selected nationwide, who will be given opportunity to enhance and strengthen their business plans. One winner will be awarded with P500,000 grand prize. 

Interested seafarers are encouraged to visit the NRCO office located at the 3rd Floor of DOLE-7 Building, General Maxilom Avenue Corner Gorordo Avenue, Cebu City or through telephone numbers (032) 266-2792 and (032) 416-6167 or ro7.nrco@gmail.com. . (rmn/jsme/PIA7-Cebu/DOLE7)  

- See more at: http://news.pia.gov.ph/article/view/1071469430220/p500t-grand-prize-awaits-seafarers#sthash.ZSunZTey.dpuf