By participating in the BiD Challenge Philippines you can get access and exposure to a network of business partners and financiers, win coaching for your business plan and PhP 2,500,000.00 in start up capital.
The BiD Challenge competition consists of 2 phases.
- Round 1 is about presenting your business proposal. The best 50 proposals recieve personal coaching from a Filipino or International professional.
- Round 2 is about developing your proposal into a full business plan, together with a professional coach. All participants that submitted a proposal which meets our criteria and are of sufficient quality are invited to continue in Round 2. At least 10 business plans will win prize money (total prize money; PhP 1,250,000). The best two go the Netherlands and compete with the nominees of the other Satellite BiD Challenges for the PhP 1,250,000 (20,000 euro) in prize money. Besides, they get to be exposed to an international network of partners, investors, etc.
How do you submit your plan for Round 1?
All the guidelines, templates, criteria and other relevant information is available here.
- Join the BiD Network and login
- Create a business plan on this website.
- Make an clear presentation of it and add keywords and photo's. Click here to find out how.
- You can decide what parts of your business plan are visible to the public and which are not.
- Submit your plan before May 31st