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| Poster for the Likha Global business plan contest for land-based OFWs |
Aspiring entrepreneurs among overseas Filipino workers will now have ample opportunity to present a business plan that could earn for them not just big cash prizes, but also mentoring by experts tapped by the Department of Migrant Workers.
The application deadline for “Likha Global,” a
business plan competition open to all land-based OFWs with thousands of pesos
in cash prizes, was supposed to have ended on Aug. 31 but has now been extended
to Sept. 15.
Up for grabs is the top prize of Php500,000 for the
best business plan, with the second prize winner getting Php200,000 and the
third, Php100,000.
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| PINDUTIN DITO |
These are on top of the Php100,000 given to each OFW
who wins in the preliminary stage at each Migrant Workers Office abroad, and a
further Php100,000 awarded to the 12 who make it to the final round.
Those qualified to enter the contest must be
currently working abroad, have worked as documented OFWs for at least five
years, must be active OWWA members (meaning membership payments are up to
date), and not own or are affiliated with an established business in the
country.
After hurdling the initial phase of the contest, all
semi-final winners will be asked to attend the Likha National Business Bootcamp
to be held in December this year, where they will be asked to present their business
plan before experts, and receive mentoring so they could further enhance their
business plans. All travel expenses to be incurred by the winners in the
initial round will be borne by the DMW.
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| Basahin ang detalye! |
Attendance to the boot camp is a must, and preliminary
winners who fail to go home and join the sessions will not be allowed to claim
their cash prize immediately. They will still be required to attend business
mentoring sessions in the Philippine anytime within the next year, but they
will have to cover their own travel expenses.
Business plans submitted as entries to the contest
will be judged according to the following criteria: Presentation, 40%; Quality
of business plan, 30%; and Feasibility of enterprise, 30%.
Entries may be submitted here: https://sites.google.com/dmw.gov.ph/likha-ofw/home
For the competition mechanics, click this link: https://www.facebook.com/share/p/1CZnfofPKS/
For more information, email likha@dmw.gov.ph or you may also visit the Facebook page of the National Reintegration Center for OFWs (NRCO) here: https://www.facebook.com/NRCOCentral
