Stronger on its 5th Year: NRCO-ISP BUSINESS PLAN COMPETITIONS
By Ligaya Caban
A P1-million start-up capital with training and mentoring await seafarers with top business proposals as the National Reintegration Center for OFWs (NRCO), with the Integrated Seafarers of the Phil (ISP), launch the 2019 NRCO-ISP Business Plan Competitions.
Now on its fifth year, the competition aims to provide seafarers and their families the help to set-up their own business and turn them into solutions to problems in their community.
At the launch at the Seafarer Center at SM City in Manila, NRCO OIC Director Roel Martin says “… the first step is always the hardest. Crafting your business proposals seem intimidating at first, but the government is here to help.”
Previous winners were William Gaspay, a seaweed farm in Masinloc, Zambales; Ryan Mark Antiquera, a soft broom business in the Bicol region; Capt. Oswald Rollorazo and Jason Javier, a ruminant feeds production and distribution business in Tarlac; Dr. Nelson Mejia, set to operate Metro Cebu Express, an alternative mode of transportation for Cebuanos.
This year, the grand winner receives P500k, the first runner-up gets P100k and eight finalists take P50k each. It is open to Filipino seafarers 25 years old or older; those inactive may join if not over five years in the country. Proposals may be submitted as solo, duo, or by groups of three to five members.
Those on duty may be represented by an immediate family member who will take on the tasks required by the competition. Submission of entries is until September 6th only.
Ten will be shortlisted, proceed to the mentoring round in October to undergo a series of coaching sessions to enhance the plans. At the final round in November, presentations will be judged on content, impact to the community, financial viability, clarity of presentation, drive and determination of the business plan owner.
Behind this very successful government project is an outstanding achiever, Capt. Gaudencio “Jess” Morales, president of the Integrated Seafarers of the Phil (ISP). He was the poor farm boy who rose as a merchant marine captain, retiring to take major stakes in maritime, real estate, finance and publication.
More importantly, Jess is a staunch advocate of the payback concept --- sharing advantages to the community. And he backs his words with action, like the first to fork out when a public facility was burned down, personal charities, this business plan competitions, supplements his Gabay ng Marino, a book he authored on basic personal finance management given free.
Download entry form and business plan format at the NRCO website: www.nrco.dole.gov.ph.
Further details may also be checked at the ISP website: www.isp.org.ph and at the NRCO official Facebook page: https://www.facebook.com/NRCOCentral/.
Who knows, this may duplicate a Jess Morales --- farm to finance, shiphand to shipowner!