2021 is looking bright for Philippine startups as they gear towards progress and overcoming challenges amid the new normal.
According to a report by PricewaterhouseCoopers, majority of startup founders are scaling up and are confident about the prospects for revenue growth. The Philippines is also said to have a more promising and stronger startup ecosystem, after the signing of the implementing rules and regulations for the Innovative Startup Act or Republic Act 11337.
Pinoy startups brim with potential as they are borne out of talented and innovative minds. Its solutions lend a helping hand to the nation's health crisis recovery process, as new ideas drive the future of nation-building.
However, many aspiring entrepreneurs struggle to turn their ideas into reality as they lack support.
One program that seeks to support these entrepreneurs is Shell LiveWIRE.
Shell LiveWIRE is the enterprise development program of one of the global energy leaders Shell, which hopes to strengthen local economies by promoting entrepreneurship and innovation.
Originally started in 1982, Shell LiveWIRE is recently launched in the Philippines with a nationwide search for startups. The program energizes Filipino entrepreneurs to move forward, most especially after the impact of the health crisis on the economy. Pinoy entrepreneurs are invited to join with the aim of developing their enterprises and to create meaningful job opportunities for fellow Filipinos.
Shell LiveWIRE is looking for Pinoy startups in these areas:
1. Energy – Enterprises providing disruptive innovations within Access, Distribution, Optimization of Energy & Clean Energy Solutions
2. Environment & Circular Economy – Enterprises that help shift the world to a circular economy such as Sustainable Packaging, Food Waste, Upcycling & Waste Reduction
3. Local Prosperity – Enterprises that help power human progress and deliver positive social change and/or economic growth such as Access to Finance and Education, Job Creation, Health and Safety, Diversity and Inclusion
Shell LiveWIRE is committed to moving the nation forward with the help of new, intelligent, and considered perspectives from prospective startups. As of 2019, 3,079 participants around the world completed the Shell LiveWIRE program, which helped support 1,269 businesses and create 1,399 jobs.
As it launches in the Philippines this year, Shell LiveWIRE will work hand-in-hand with Filipino entrepreneurs and innovators, while harnessing collaboration and innovation to rebuild the Philippines.
To join Shell LiveWIRE Philippines, click here.
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