(In Photo: Representing the Philippines in the Global Student Entrepreneur Awards in Malaysia are (from left) Benjamin Ilagan, Kristal Leen de Guzman, Mary Anne Collantes, Mark Kevin Nuñez and Crisanto Flores VI.)
Written by Ricardo D. Cruz
FIVE student-entrepreneurs equipped with skills, critical and creative thinking, and passion to improve the quality of their lives and communities will represent the Philippines in the Global Student Entrepreneur Awards (GSEA) regional competition in Kuala Lumpur, Malaysia, on October 5.
The competition is being spearheaded by the Entrepreneur’s Organization (EO) Philippines, which offers an avenue for young entrepreneurs to be recognized, trained and supported by a global network of top entrepreneurs.
“Our thrust is to be able to give back and encourage entrepreneurs in the country. To do that, we are recognizing students early on, and hopefully give them mentorship and help them grow their business and eventually become members of our organization,” EO-GSEA Chairman and Managing Director of ROI Corp. Investments Sheila Ramos told the BusinessMirror.
The EO-GSEA is open to budding student-entrepreneurs who are currently undergraduate students of a college or university and are primarily responsible for the operation of a business that has been in operation for no less than six consecutive months.
Of the applicants who joined the Philippine leg of EO-GSEA, 12 student-entrepreneurs coming from different universities in the Metro reached the finals mentored by an EO member. They presented their business platforms to a panel of entrepreneur-judges.
Out of the 12 finalists, five student-entrepreneurs topped the recently concluded EO-GSEA held in F1 Hotel, Bonifacio Global City.
Benjamin Ilagan of Ateneo de Manila University presented a product dubbed as “Amaize,” the first and only supplier off all-natural corn-fiber clothing in the Philippines.
Crisanto Flores IV of the Polytechnic University of the Philippines promoted “Wear His Word,” a firm that produces and distributes clothing that shares God’s words through quality shirts.
Mary Anne Collantes of Ateneo de Manila University leads “Kultura Kamp,” a social enterprise that sets up cultural excursions to promote the protection of cultures of the partner-tribes.
Mark Kevin Nuñez of the University of Asia and the Pacific set up “MKNUNEZ Enterprises,” an online business engaged in trading unique corporate giveaways.
Kristal Lee de Guzman from The One School completed the five winners with her “Risque Designs,” a Filipino brand that focuses on customized and limited artisan footwear that incorporates the use of local materials and artisan skills.
According to Steve Benitez, head of the panel of judges and founder of Bo’s Coffee, deliberations on the finalists were based on the following criteria with 25 points each: the entrepreneur himself; the business model; ability to learn and apply what was learned; and growth class.
During the awards night, the judges recognized that it was tough to select the winners because all the student-entrepreneurs showed talent and potential.
The local winners will compete in Kuala Lumpur for the regional competition. They will compete against the student-entrepreneurs of Malaysia, Indonesia, Singapore and Japan.
Winners of the regional competition will be sent to the GSEA finals in Washington, D.C., in November to compete against 30 of the world’s top student-entrepreneurs for a chance to win $150,000 in cash and donated business services.
“I feel like Filipino entrepreneurs are very creative, they are resourceful and they know their market because it’s them. I think all they need is the chance and opportunity [to] really make it big, and I really think that Filipino entrepreneurs are the next big thing,” Ilagan told the BusinessMirror.
(Also published on Wednesday, October 2, 2013 issue of BusinessMirror)




