BCYF concludes Social Enterprise Roundtable

BCYF concludes Social Enterprise Roundtable

BCYF concluded its third Social Enterprise Roundtable last September 10, 2015 at the Central Colleges of the Philippines.

This Roundtable was attended by representatives from PwC / Isla Lipana & Co. (BCYF’s co-presentor in the Developmental Social Enterprise Awards), corporate foundations like BPI Foundation, Ideaspace Foundation; social enterprise supporters and incubator, British Council PhilippinesVirlanie Foundation; government organizations like the Cooperative Development Authority, Small Business Guarantee and Finance Corporation, and Senator Bam Aquino’s Office; Social Enterprise practitioners, Coffee for Peace,  Habi Footwear and Gawad Kalinga Enchanted Farm and faculty from University of Melbourne, Pamantasang Lungsod ng MaynilaPolytechnic University of the Philippines –  San Juan, , and faculty from the host venue, Central Colleges of the Philippines.

This discussion centered on the importance for the policy developments to focus on supporting social enterprise support institutions (eg. incubators) especially those in public schools, colleges and universities.

On the note on incentives, the discussion also talked about the need for social entrepreneurs to learn the discipline to survive the market.

“Businesses really fail. Once you give incentives, the learning process is impacted. A lot of many well-meaning people need to fail so they can learn?”, states Mr. Antonio S. Yap, BCYF Chairman and Founder.

Mr. Earl Valencia, Co-founder and Ideaspace Foundation, which invests in early stage startups also emphasizes the need for scale in social enterprise. “A social enterprise has profit, impact and scale”.

Marco Javelosa from the Office of Senator Bam Aquino was also giving real-time feedback to the Senator who was also doing a Social Economy Summit in parallel with this roundtable.

Full Report summarizing the 3 Roundtable Discussions will be published soon!

For more information, email ised@bcyfoundation.org.

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