BPI’s business development program supports start-up enterprises

OhMi Krafts, one of the winners of SEAL-BEGIN, customizes souvenirs from polymer clays, beads, wood, and succulents.

The Bank of the Philippine Islands (BPI), through its social development arm, BPI Foundation (BPIF), in partnership with Bayan Academy, recently announced the top 40 small enterprises and top 20 nano enterprises from this year’s Small Enterprise Acceleration Lab (SEAL) program.

Launched in 2022, the SEAL Project Series was designed not only to support but also to empower micro and nano enterprises, as well as aspiring entrepreneurs. Through strategic interventions and hands-on guidance, SEAL has become a beacon of hope for small business owners looking to scale and sustain their operations.

In the past year, the SEAL-Small Enterprise Growth Agenda (SEAL-SEGA) provided invaluable training in product and service development, operations optimization, and marketing to over 200 entrepreneurs. More than just lessons, the program offered tailored solutions that addressed specific challenges these businesses faced. Top-performing enterprises were not only equipped with knowledge, but also received cash grants and expert mentorship to fuel their growth.

This year, BPIF honored 40 enterprises that showcased outstanding potential, providing them with cash grants ranging from Php80,000 to Php120,000. These businesses, now empowered to implement their strategic plans, will continue to benefit from ongoing mentorship.

BPIF also introduced a new track this year called the SEAL-Business Education and Growth Initiative for Nano-entrepreneurs (SEAL-BEGIN). SEAL-BEGIN provided fundamental training and resources to support aspiring entrepreneurs, with a focus on integrating digital-age opportunities.

For SEAL-BEGIN, over 240 registrants participated in the program, with 20 nano-enterprises being recognized for their promising potential and innovative ideas. The participants received entrepreneurial training and were encouraged to leverage local and government resources to enhance their business ventures.

“We have witnessed the entrepreneurs’ determination through the program, and we’re excited to see how they will scale their businesses in the future. It has been an honor to be part of their journey. BPI Foundation is committed to empowering small enterprises, and we believe that with the right support, these entrepreneurs can significantly contribute to economic growth and financial inclusion. We look forward to seeing their continued success as they transform their visions into reality.” ~Carmina Marquez, BPIF Executive Director

Since its inception, the SEAL program series has supported many enterprises, disbursing a significant amount in cash grants. Through comprehensive training, mentorship, and financial aid, the program is fostering a vibrant and innovative entrepreneurial ecosystem across the country.