BiD Challenge Philippines

• Find investors for your business
• Get a coach for your business plan
• Win PHILIPPINE PRIZE MONEY. Winners shall receive start-up capital from

a pool of PhP 1,000,000.

• Win a business trip to the Netherlands
• Win Euro 20,000 in the global BiD Challenge

The Business in Development (BiD) Challenge Philippines offers entrepreneurs the opportunity to develop and execute business plans that improve the living conditions of poor Filipinos. Its uniqueness is that it encourages the germination of an idea, identifies excellent concepts and plans, and provides mentors and coaches that can direct the idea towards viability and sustainability.

Previous years’ Philippine business plans were innovative, out-of-the box –a testimony to the creativity, resourcefulness and entrepreneurial spirit of the Filipino. Be inspired in the same way the others have been.

How to compete in the BiD Challenge Philippines 2008
To compete, you must present your business idea on the BiD Network before September 15:

▪ Read the PARTICIPATION CRITERIA to check your eligibility. Click on
the box ‘Who can participate?’ on the right.
▪ Join the BiD Network and create your profile. Click on the box ‘How to
present your plan’ on the right.
▪ Log on and click ‘New Contribution.’ Write your plan application by filling
out the online business concept form.

After you start writing your plan you will have 14 days to complete and submit it. Take note that the deadline may be sooner. In such case, submit before the deadline, which is September 15.

You can submit your plan by clicking on 'SUBMIT YOUR PLAN APPLICATION' button at the top or bottom of your plan. If you already have a complete business plan you can attach it to your business concept directly.

What happens after September 15?
If your plan is accepted to the challenge you will receive an email from us within one month after September 15. In this email we will inform you if you:
1. Have been accepted to the BiD Challenge Philippines
2. How to attach a complete plan to your online business plan format
3. If you are eligible to receive a coach
4. When and how the finalists will be selected

Good luck! BiD Challenge Philippines is organised by the Philippine Business for Social Progress (PBSP)

"Stimulate sustainable economic development through entrepreneurship!"

Good luck and make it happen!