Esquire Financing, Inc. recently launched “Fueling the Dream,” a business model competition among students aimed to tap into the entrepreneurial creativity and aspirations of the youth .
The challenge is for college students, in teams of three to five members, to produce a model for a responsible and sustainable business based on the Business Model Canvas, a management and entrepreneurial tool that allows for strategic description, design and reinvention of a business model.
“This business model competition is a key driver of our vision to empower today’s youth to implement their business ideas. We will fuel their dreams, not only by providing them a platform to kick start their journey, but through consultancy and capital investment,” says Esquire Financing Chairman & CEO Rajan Uttamchandani.
The winning team gets PHP 100,000 cash and up to PHP 1 million in capital. They will also get to be featured in Entrepreneur magazine.
Before the business models are submitted, registered teams will be gathered in a plenary at the Asian Institute of Management (AIM), where participants will get to meet EFI officers and event partners who will also share valuable tips and advice. Following the submission of business models in November are two rounds of preliminary screening, leading to the finals on December 6, where finalists get to present their business model to a panel of judges.
Esq1uire Financing is implementing Fueling the Dream with advocacy partners GoNegosyo and the Small Enterprises Research and Development Foundation (SERDEF); and media partners Inquirer.net, Rappler, WhenInManila.com, Entrepreneur, and Money Sense. The Asian Institute of Management (AIM) will host the plenary and final presentation.
To register and for more information, interested students may visit http://www.efifuelingthedream.com. Registration is until September 26, 2014.
Esquire Financing Inc. is the country’s only financing company that caters solely to SME financing. It was incorporated in 2011 and has since served more than 3,000 businesses around the country. It aims to fuel the dreams of entrepreneurs by providing fast, flexible, hassle-free, and non-collateral business loans from PHP 100,000 to PHP 10 million to small and medium enterprises.
(Learn more about Esquire and its services at www.esquire.com.ph or by calling 811.8888.)