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News: 14/11/2008

VC Investment Group partners with BiD Network in the Philippines

More opportunities for Philippine entrepreneurs to showcase their business plans

Mr. Edmundo Isidro, founder and director of the Philippine Venture Capital Investment Group, organises monthly gatherings where investors and entrepreneurs can network to seek and find valuable partners. Selected entrepreneurs, screened by Mr. Isidro, have exactly four minutes to pitch their plan to the investors. It was only natural that PBSP (Philippines Business for Social Progress) , BiD Network’s national partner in The Philippines, VC Investment Group joined forces.

Meetings start at seven in the morning and attendance is by member invitation only. Becoming a member is free of charge, the only condition is taking part in four consecutive meetings. With over 100 people, the place is packed on every last Thursday of the month.

After persistent effort from PBSP to get BiD Network entrepreneurs on stage pitching their plans at these valuable meetings, Mr. Isidro was convinced and gave it a try. Up till now, four entrepreneurs presented themselves to the audience. The VC Investment Group was positively surprised by the quality of the presentations and propositions. Mr. Isidro: ‘It is a pleasure to have the entrepreneurs from BiD Network presenting at the meetings. Inferior propositions are already eliminated, saving a lot of screening time.’

PBSP and the VC Investment Group are extending their cooperation not only by bringing investors and entrepreneurs in contact with each other, but also by jointly organising training sessions for them.