By Analou De Vera
The Department of Labor and Employment (DOLE) is encouraging Filipino seafarers together with their families to submit their business proposal and offered cash prizes to the winners.
The annual business plan competition, which is now on its fourth year, is a project of DOLE-National Reintegration Center for OFWs (NRCO) in partnership with the Integrated Seafarers of the Philippines (ISP).
The competition dubbed as ‘From Seafarers to Entrepreneurs: The 2018 NRCO-ISP Business Plan Competition (Harnessing Seafarers Capacities for Business Enterprises Development), aims to encourage returning sea-based overseas Filipino workers to pursue their dream businesses and provide sustainable livelihood for their families and employees, the labor department stated.
“We intend to discover future leaders and hone the skills of our seafarers so they can make a difference in our country and become founders of their own businesses,” said DOLE-NRCO officer-in-charge Roel Martin.
“Aside from elevating their status of living, our seafarers can also provide decent and sustainable job opportunities for our kababayans,” he added.
The period of submission began on May 18 and will end on Sept. 7, 2018.
Winners will be announced during an awarding ceremony on Nov. 9, 2018.
The labor department said the grand winner will be given a P500,000 cash prize; first runner-up will receive P100,000; while the second, third, and fourth runners-up will have P50,000 each.
Interested OFW seafarers may download the entry form, and check for further information and details about the competition at the official NRCO website or on its official Facebook page.