NRCO, ISP promote Bizplan Competition in the regions

To intensify the campaign and to encourage more seafarers and their families in LuzViMin to join the Competition, the NRCO recently launched this year’s business plan competition for seafarers and their families at SM Malls in Cebu, Dasmariñas, and Cagayan de Oro.

A seafarer entrepreneurship program of NRCO, in partnership with the Integrated Seafarers of the Philippines (ISP) and in cooperation with SM Global Pinoy, this project aims to handhold seafarers intending to venture into social entrepreneurship, and, at the same time, support the growth of jobs in their hometowns.  

The 2018 NRCO-ISP Business Plan Competition was launched in the following:

  • ·SM City Cebu - 26 June 2018
  • ·SM City Dasmariñas - 03 July 2018
  • ·SM City Uptown Cagayan de Oro - 06 July 2018

A total of 295 participated in the launching. A thorough discussion on the Competition’s mechanics and guidelines was presented.

A Php 500,000.00 grand prize courtesy of ISP will be awarded to the most outstanding business plan. Php 100,000.00 will be given to the first runner up; Php 50,000.00 for the second, third, and fourth runners-up; and Php 20,000.00 for the remaining five (5) finalists.

The NRCO and ISP are accepting entries until 07 September 2018. Entries will be screened down to 10 outstanding business plans which will advance to the mentoring/coaching round. The Final Round and awarding of the prizes will be on 9 November 2018.  ###