Sinag Synergy 2023 - Program Briefer

Background

Last year, BPI Sinag Evolution brought together various groups, organizations and sectors that encompass the social enterprise sector and ecosystem - social enterprises, the academe and social enterprise intervenors (from NGOs to government agencies, cooperatives and beyond).  The program also strengthened the spirit of collaboration among the entire social enterprise sector toward strengthening the resilience and capabilities of SEs that continue to focus on the triple bottom line of people, planet and profit amidst these challenging times. 

In a social enterprise, the poor and marginalized become participants in economic development as workers, suppliers, customers or owners. Social entrepreneurship enduringly advocates for inclusive development.  With an entire social enterprise sector working towards national development, synergy is the goal and the ideal.

The BPI Sinag Synergy 2023

In its 9th year, the Sinag theme is Synergy. Synergy is the combined power of a group of elements when they are working together that is greater than the total power achieved by each working separately. With synergy,  the whole effort becomes greater than the sum of its parts. For the program, impact will become its main goal and ideal of success. Sinag continues to elevate its impact on social enterprises not just from a capacity building perspective, but through a multi-stakeholder approach that now highlights the social enterprise sector:  social entrepreneurs, the academe and the intervenors or sub-sectors.

This year’s theme strongly encapsulates the ideals of the Sinag program’s noble beginnings while embracing a higher mission of a collective effort of contribution all towards systemic change. It aspires to build on the success of last year’s run with the establishment of the National Social Enterprise Governance System, a group which then commits to working together and plans to implement the succeeding steps of the National Social Enterprise Development Roadmap. The group targets to implement viable and impactful programs based on the roadmap in 2024.

The main components of this year’s BPI Sinag Synergy 2023 program were designed to support the objectives of the roadmap that focus on mainstreaming and promoting social entrepreneurship in the country:

  1. It entails to drive nationwide awareness for the National SE Development Roadmap and nurture the National Social Enterprise Governance Council;
  2. It aims to deepen capacity building efforts and enhance support service offerings;
  3. It intends to strengthen the presence of the Sinag Community through expansion;

The BPI Sinag Social Entrepreneurship Challenge

BPI Foundation and Bayan Academy have partnered once again to recognize and support more social enterprises nationwide. The BPI Sinag will have a social entrepreneurship challenge and a series of online learning opportunities or roadshows for the ecosystem that include educators and SE support intervenors that it supports. 

Who Can Join?

The Nationwide Social Enterprises Community 

The BPI Sinag Social Entrepreneurship Challenge is an annual search for social entrepreneurs whose enterprises are ready to scale-up and expand, while deepening their impact in community development. The program is intended for social entrepreneurs whose enterprises focus on sustainable business models that address social and environmental problems, particularly in agribusiness, education, health, energy, technology, and other marginalized sectors across the archipelago. The program shall continue to focus on promoting business resiliency.

Given the important role SEs play in economic and social development, BPI Foundation will be opening its doors to new SEs for the Sinag Synergy 2023 Program. This program aims to contribute to nation rebuilding by igniting interest in developing and sustaining social enterprises. It is a catalyst in changing the SE landscape to be responsive to the needs of stakeholders. It is an impetus that will evolve Sinag to become a thought leader in the social entrepreneurship agenda in the country.

The social enterprise must have a clear and significant market potential alongside with the socio-economic impact to its target beneficiaries. Thus, the business model should be responsive to the ever-changing business environment and allow the social enterprise to grow and adapt or shift when needed while staying true to their mission of supporting communities and creating impact in their respective sectors.  

The program is composed of three phases: search, learn, and boost. It opens up various opportunities to allow the chosen participants to grow, giving them access to grants and mentorship and markets.  The program also ensures to build up its intellectual capital through case study developments of the social enterprises that will serve as future learnings of aspiring social entrepreneurs.

A. For Social Entrepreneurs:

  • Must be at least 18 years old.
  • Must lead a registered social enterprise operating for at least six months.
  • Must be willing to undergo and complete the online bootcamps to qualify in the business pitch and access to the grant.
  • Must register as a member of the Sinag SE Registry Page on Facebook at http://bit.ly/JoinTheSinagSocialHUB.
  • If selected as top winners, the SE owner and the enterprise must comply with the Tripartite Agreement with Bayan Academy and BPI Foundation to release the cash grant. 

B. For the Social Enterprise:

  • Proof of registration 
  • For Sole proprietor – Business Permit and DTI Registration
  • For Corporation -  Business Permit and SEC Registration
  • Not a Top 10 BPI Sinag SE Challenge Winner.
  • Latest Financial Statement of the social enterprise (preferably audited financial statements if available).
  • The social enterprise or business must address a specific social problem and have a defined social impact such as Agriculture (agribusiness and agroindustry), Healthcare, Education, Energy, Technology and other sectors included in Sustainable Development Goals of the United Nations.
  • Must have a valid bank account associated with the social enterprise and not a personal account of the social entrepreneur.
  • Must have an official receipt of the social enterprise.
  • If selected as top winners, the enterprise must comply with the Tripartite Agreement with Bayan Academy and BPI Foundation to release the cash grant.

Process and Screening Criteria 

Applicants will undergo an initial screening based on the application form and an initial online pitch process. This will be held in front of the screening committee. For this initial online pitch, each applicant will be given Five (5) minutes on why they should be part of the BPI Sinag Challenge. With the given time, applicants are expected to introduce their enterprise, how they plan to scale up and grow, the impact of the solutions and the investment needed for the enterprise and to its partner communities. This will be in addition to the enterprise’s submitted application form.  Essentially, the Screening Committee will also use the following criteria which will be based on the answers at the application form:

Criteria
Weight
Guide Questions
Social Impact
30%
  • What are the economic benefits for the beneficiaries?
  • What are the social benefits for the beneficiaries?
  • Can it continue to grow its impact in the future?
Scalability and Replicability
20%
  • Can your enterprise be scaled up significantly to include new beneficiaries?
  • Will you experience the same success if your enterprise is situated in a different area or location?
Sustainability and Adaptability
20%
  • Does the social enterprise’s product/service have a clear and significant market potential? 
  • Is the market enough to sustain the enterprise’s operations?
  • Are the social enterprise’s business model and strategy responsive to the business environment?
  • Is the social enterprise able to fulfill the needs of beneficiaries and customers regardless of the economic situation?
Innovation
15%
  • What innovations did your enterprise come up with that are unique or better than other solutions? What makes your product or service stand out?
  • Does your enterprise have better technology?
  • Is your enterprise a cost leader?
  • Is your enterprise being run by a superior organization?
Financial Performance
15%
  • How has your enterprise been doing financially the past few years?
  • Will your enterprise be financially viable 5 years or 10 years from now?
  • Are the internally generated funds enough to sustain your enterprise?

After these processes, qualified and selected applicants will proceed to the social enterprise bootcamp, a series of mentoring opportunities, discussion or lectures and networking sessions which then will prepare the enterprises for the final pitch, in front of a panel of judges, and submission of their Social Enterprise Development Plan (SEDP).

Application Process and Timeline

The  BPI Sinag Social Entrepreneurship Challenge will be officially launched on May 26, 2023. During this event, all requirements and opportunities will be discussed in detail as well. The application process will also be opened by then. The application form can be accessed via the link below:

https://bit.ly/BPISinagSE2023Application 

The application deadline is on July 24, 2023. 


Significant dates can be found below:

Deadline of Registration
July 24, 2023
Initial Screening
July 31, 2023
Release of List of SEs for First Live Pitch
August 3, 2023
Briefing of Shortlisted SEs for Initial Pitch
August 7, 2023
First Live Pitch (10:00 AM - 3:00 PM)
August 9-11, 2023
Announcement of Top 25
August 14, 2023

The Social Enterprise Sector - Supporting Educators and Social Enterprise Intervenors 

Online Events and Roadshows for BPI Sinag Educators and Social Enterprise Intervenors/Sub-sectors

BPI Sinag has always aimed for the mainstreaming and democratization of social entrepreneurship in the Philippines. The program will continue to provide learning opportunities for educators and social enterprise intervenors nationwide. This will be an opportunity for organizations to share thoughts, meet each other and study the ‘big picture’ of their respective sub-sectors.  These events also have the intention of introducing the BPI Sinag Program and its impact over the years to a wider audience, organizations from across the country.

In Collaboration with: