BPI Small Enterprise Acceleration Lab 2023

Small Enterprise Growth Agenda
(SEAL-SEGA)

In partnership with Bayan Academy, BPI Foundation launches the second year of the Small Enterprise Acceleration Lab - Small Enterprise Growth Agenda (SEAL-SEGA). SEAL-SEGA seeks to assist and develop interventions for micro and small enterprises in the country. The programs of SEAL-SEGA are intended to boost the capabilities of start-up enterprises to meet current challenges and accelerate by providing programs for developing and strengthening their entrepreneurship skills and knowledge, cash grants, and other potential linkages.

BPI SEAL-SEGA 2023

After the successful pilot run in 2022, the BPI Foundation and Bayan Academy were able to provide entrepreneurship training programs and 20 enterprises were assisted with grants and mentoring. Through these interventions, SEAL-SEGA accomplished its reach to be able to assist further existing entrepreneurs to sustain and grow their enterprises.

BPI SEAL-SEGA is a search for start-up businesses that are ready to develop their viable business ventures. The project is designed to meet the needs of start-up businesses through training programs, mentoring sessions, and cash grants. The training program aims to help startups assess their enterprise in terms of products/services, operations, finance, and marketing. The program hopes to assist entrepreneurs to develop their start-up enterprise development plan.

1. SEAL-SEGA for Micro Enterprises (ME)

The first program of SEAL-SEGA 2023 takes on the role of expanding enterprises wherein it targets micro enterprises which are successful in establishing a proof of concept and are ready to grow their enterprise. These ME startups are classified as having a viable product and the yare serving a sustainable market. Considering that these startups struggle to reach their full potential due to limited resources, they must require capital to procure equipment, purchase additional raw materials or retool their personnel in order to realize a higher level of growth or to be at par with the industry competition. These cohorts necessitate receiving advanced training and mentoring on enterprise development. Through SEAL-SEGA, they are to undergo a higher level of intervention. By the end of their training program, the ME startups will be given a chance to showcase their plans through the business pitch to sustain or to achieve competitiveness with the current business environment. Selected winners shall receive cash grants that they can utilize for their business and may assist them to see progress on their enterprise development plans. Furthermore, selected winners shall also move on to the mentorship program wherein they will be partnered with experts that may provide them focused and deeper understanding of the various management functions according to the enterprise's immediate needs.

2. SEAL-SEGA for Nano Enterprises

The second program of SEAL-SEGA 2023 takes on the role of enterprise creator which carries out activities designed to help startups who have been struggling to establish proof of concept. These nano enterprises can also be businesses that are not yet registered, operating in an informal business wherein it typically requires help among the family members or operating irregularly. These startups in the early stages of development have to be properly nurtured and guided through entrepreneurship management, skills development, financial wellness, mentorship, and market linkages. SEAL-SEGA will provide training on preparing them for the hard but rewarding world of entrepreneurship. The training may also offer modules on opportunity seeking, screening and seizing which are ideal topics for these types of cohorts. By the end of their training program, the Nano startup entrepreneurs will be given a chance to fully establish their enterprises by going through a mentorship program. Supporting Nano enterprises in emerging markets such as our country may contribute to economic growth and creation of more jobs or employment within their community.

SEAL-SEGA 2023 MEs and Nano shall be achieved by highlighting the following phases (3 A’s)

  • Archive of startups through registry and assessment of their startup credentials;
  • Andragogy for qualified participants-to go through SEAL-SEGA MEs and Nano training program; and
  • Advisory where the SEAL-SEGA MEs winners and Nano talents will be partnered with mentors to improve their enterprises.

Who Can Join?

BPI SEAL-SEGA is looking for competitive entrepreneurs willing to take their start-up business to the next level. These entrepreneurs must have clear and significant market potential businesses. The business model should be responsive to the ever-changing business environment and allow the enterprise to grow and adapt or shift to level up from their initial stages of business.

The following are the requirements for joining the program
(Note: There will be different requirements and separate registration forms for SEAL-SEGA MEs and SEAL-SEGA Nano) :

1. SEAL-SEGA for Micro Enterprises (ME)

A. Start-up Entrepreneurs:

  • Must be at least 18 years old;
  • Must be the owner or manager of a registered startup enterprise and must be involved in the business operations for at least three months;
  • Must be willing to undergo and complete the online training to qualify for the business pitch and the grant;
  • Must be willing to allocate time for mentoring;
  • Must register as a member of the SEAL-SEGA Startup Enterprise HUB Registry Page on Facebook at https://www.facebook.com/groups/sealsegahub;
  • Must have a valid bank account

B. For Start-up Enterprise:

  • The asset size of the enterprise must be Php 3 million and below.
  • The type of ownership may be a single proprietorship, partnership or corporation.
  • Submit a copy of proof of registration (permits, SEC, DTI registration, provision of official receipts, other regulatory bodies);
  • The enterprise must be operating for at least one year but not more than three years(latest business registration can be until June 2022 only);
  • Latest financial statement of the Enterprise (preferably audited financial statements, if available);
  • If selected as top winners, the business owner and the enterprise must comply with the Tripartite Agreement with Bayan Academy and BPI Foundation for the release of the cash grant; and
  • If selected as top winners, must be willing to share some business information during the mentorship program.

2. SEAL-SEGA for Nano Enterprises

A. Nano Entrepreneurs:

  • Must be at least 18 years old;
  • Must be either the owner or manager of the nano enterprise and must be involved in the business operations;
  • Must be willing to undergo and complete the online training to qualify for the mentorship program;
  • Select nano enterprises must be willing to allocate time and must participate in completion of the mentorship program.
  • Must register as a member of the SEAL-SEGA Startup Enterprise HUB Registry Page on Facebook at https://www.facebook.com/groups/sealsegahub;

B. Nano Enterprises:

  • Online or Home-based business;
  • Informal businesses with incomplete or no legal papers on business registration yet;
  • Enterprise is in its initial phase in establishing its proof of concept .
  • The enterprise is testing its product/service- market fit;
  • Enterprise has some business operations for at least three months;
  • Building up working capital for operations;
  • Establishment of business infrastructure (organization’s people, processes, and tools or technologies);
  • If selected as SEAL-SEGA Nano talent, the business owner and the enterprise shall proceed to the mentorship program.

For other updates and programs of implementing partners can also click and like the following pages:

BPI Foundation Facebook Page
BPI Foundation Instagram Account
Bayan Academy Facebook Page
Bayan Academy Instagram Account

Submission of Entry

SEAL-SEGA MEs Required Documents

  • Enterprise Profile
  • Official Logo of Startup Enterprise
  • At least one (1) government registration document (SEC, BIR, DTI, Mayor’s Permit, etc.)
  • At least one (1) sample of official receipt
  • Photos or videos of products/services
  • Any other documents or materials as proof of work (flyers, brochure, website/page, articles, photos, etc.)

SEAL-SEGA-Nano Required Documents

  • Enterprise Profile (if available)
  • Official Logo of Nano Enterprise (if available)
  • Photos of products/services
  • Any other documents or materials as proof of work/ testing of products and services(flyers, brochure, website/page, articles, photos, etc.)

ME Business Pitch Screening Criteria

Qualified ME participants will undergo a series of screenings throughout the competition for the cash grants. Essentially, the Screening Committee will use the following criteria:

BPI SEAL-SEGA Program Process

SEAL-SEGA Creation Training Program Requirements

Once entry is submitted, it will go through a screening process. The MEs and Nano enterprises qualified to join BPI SEAL-SEGA will receive a confirmation email from the BPI SEAL-SEGA admin. They must reply to proceed with their enrollment in the SEAL-SEGA Creation online modules in the Bayan Academy’s Learning Management System (LMS) platform. Complete attendance (100%) in the training sessions via Zoom is required. Failure to comply with the attendance requirement will automatically disqualify the participating MEs from the business pitch and the nano enterprises from the mentorship program.

The qualified participants must sign a commitment form indicating their commitment to actively participate in all activities from the start of the training program up to the end. This also includes the privacy consent.

Qualified MEs are required to showcase their actual products during the online business pitch, while for services a 2-minute video should be presented.

After the business pitch of the qualified MEs, the Top 20 will be chosen by a panel of judges based on the same criteria used in the initial screening. The Top 1 – 10 will receive a cash grant of 120,000 pesos each, while the Top 11 -20 will receive a cash grant of 80,000 pesos each.

All communications should be directly addressed to the BPI SEAL-SEGA Admin. Should there be special concerns, the startup enterprise should advise Bayan Academy at least one week before the training program. Special concerns will be discussed by Bayan Academy and BPI Foundation, and the enterprise will be notified of the decision accordingly.