As already announced by Mr. Phillip Ong , President of Santeh Feeds Corporation during the 2011 PhilFIN Fisheries Research Forum held last September 2011 at the CLSU campus, Santeh Aquaculture Science and Technology Foundation is launching a project to encourage entrepreneurship in fisheries among the youth. This project shall be known as “Enterprise Hatchery” and will be in the form of a search for young entrepreneurs. We are pleased to finally send you the project concept as well as the search mechanics and rules copy of which is attached.
Although the primary target are students and graduates of fisheries, it is open as well to students and graduates as well as your faculty and staff from other fields for as long as they meet the age limit (no more than 35 years old by October 15, 2012.)
The following are our target dates for various steps in the search:
March 30, 2012 : Submission of entries.
April 1 to May 31, 2012 : Screening of entries to select semi-finalist.
May 31, 2012 : Semi-finalists selected
June 1 to August 31, 2012 : Evaluation of semi-finalists
August 31, 2012 : Finalists selected
October 26, 2012 : Finals event.
We shall be sending you posters by next month. We hope you can post this in prominent places within the campus. Entry Forms will be posted in our website (www.santehfoundation.org/enterprisehatchery)
Lastly we would highly appreciate if you can assign a faculty member who can serve as the focal person for this search in your campus and who we may contact directly.
Very truly yours,
WILFREDO G. YAP
Santeh Aquaculture Science and Technology Foundation, Inc.
Santeh Aquaculture Science & Technology Foundation
Phone: +632 3751560 loc. 120
Mechanic of the Search
Project : ENTERPRISE HATCHERY
The enrollment in Fisheries in various
institutions has been experiencing a decline in recent years. One of
the reasons is the lack of employment opportunities after graduation.
In addition almost all graduates ultimately aim for employment and
very few opt to go into business.
In previous efforts to boost such
employability, institutions have created income generating projects
as supplemental income opportunities. These projects were in turn
funded by grants. Such a solution is usually unsustainable due to
lack of focus and lack of continuity on the part of sponsoring
institutions. These projects were often not treated as business
ventures and the money received were treated more as dole-outs rather
than as investments that are supposed to be grown into self
Project Enterprise Hatchery aims at the
identify and help passionate young entrepreneurs build their own
graduates to consider entrepreneurship in fisheries instead of
aiming merely for employment.
their success enhance the image of Fisheries studies as foundation
employment and generate new niche markets.
Utilizing our network of member
institutions of PHILFIN ( Philippine Fisheries Institute Network)
which includes such centers of excellence as University of the
Philippines Visayas, Central Luzon State University and Mindanao
State University, we shall elicit business proposals related to
Fisheries from young entrepreneurs. These projects need not be
farming or production but can be in services. They can include such
unique and out of the box projects as health care, fashion
accessories etc. They just have to utilize Fisheries products or
services as a technical component of their project. While fisheries
students and graduates are identified as primary targets the contest
is open to other students and graduates for as long as they meet the
age requirement, has a passion for business and share the belief that
the Philippine fisheries industry has tremendous potentials for
Ten finalists will be chosen from the
proposals received. These finalists will get the chance to present
their project to prospective investors in front of a live audience.
The proposals shall include a request for cash investment in exchange
for a percentage of ownership in the project.
The investors will also act as a mentor
to the project they choose in thorder to give the enterprise a
better chance of success.
Most PHILFIN Institutions are away from
urban centers. Such location is also reflected in the enrollment with
the students coming mostly from the rural areas. These project will
in essence spread investments to remote areas where the need for
investments and well operated enterprises is most pronounced.
The sponsoring institutions gain
prestige from having projects from their students or graduates
selected for investment. This insures a network of support systems,
facilities and markets which would otherwise make start up businesses
difficult to access.
The replicability of such projects to
other locations after a proven operation has been establish is
another benefit. These niche enterprises can become the large success
trends for Fisheries in the future.
All bona fide
residents of the Philippines of good moral character whose age will
not exceed 35 years by October 15, 2012 are eligible to participate
in the search except employees of Santeh Feeds Corporation or its
subsidiaries and their immediate relatives up to the first degree of
Participants for the
search are required to submit the following:
entry form which shall be available online at
Participants are urged to fill the form online and print the
accomplished form for signing and submission. The entry form will
ask the participant to create a Code Name of his or her choice and
will require the signature from a reference person to vouch for his
character. The reference person should be a person of authority who
personally knows the participant such as the barangay chair, the
Colege Dean, religious leaders, etc.
Business proposal as
specified in the search mechanics below which should be marked only
with the same Code Name he or she provided in the entry form and
should not bear his or her name in any of the pages.
should be placed inside one envelope and sent to the following
Foundation for Aquaculture Science and Technology
Rm 601 West Trade
132 West Avenue
Quezon City 1104
Entries must be
received at the above address by 5:00 pm, March 31, 2012.:
The business proposal
to be submitted should deal with ANY aspect of fish production,
processing, processing by products, handling, transport,
refrigeration or marketing. Proposals may involve either goods or
services including tools or kits for water analysis, and diagnostic
kits or procedures for use in fisheries and aquaculture. Fish
includes all aquatic or marine organisms such as, but not limited to
finfish, crustaceans, molluscs, aquatic plants, micro-organisms, etc
The proposal should be
submitted in two forms: hard copy and a soft copy to be burned on a
CD with the text or body in Word format and the financial tables as
spreadsheets in Excel.
Preference shall be
given to proposals that involve scaling up or expansion of an
existing enterprise that has been operating profitably. The
existence of which enterprise can to be supported by any local
government documents, photos of products and operation or financial
proposal should include the following:
and process description.
of the proposed enterprise
and marketing approach.
organization and labor requirement.
and working capital requirement
year projected cash flow statement
proposal shall be evaluated along the following points:
the product or service proposed marketable?
the costs, selling prices and margins involved realistic?
the projected volume capable of supporting the proposed enterprise?
the process proposed technically sound and capable of producing the
the investment level proposed reasonable?
the cash flow projection realistic?
Is the production
process compliant to environmental and safety standards?
The initial evaluation
shall be conducted on a “blind” basis by Santeh Foundation
in-house committee who shall select a maximum of thirty (30)
proposals as semi-finalists.
proposals shall be evaluated by an external committee of three to be
drawn from the business sector. This committee shall consist of
individuals with known track record in fisheries, food and allied
A maximum of ten
finalists shall be selected by the external committee for the final
showdown. The actual number of finalists may be less than ten
depending upon the judgment of the members of the committee.
Once the proposals
have been qualified to be finalists, the identity of the proponents
shall be matched with their respective Code Names. Should there be
any doubt on any of the claims of the proponent including his or
her age the organizers reserves the right to make a background check
and ask for a definitive proof of age.
All expenses for
travel to and from, as well as accommodation, in Manila for all
finalists shall be the responsibility of the organizers..
The finalists shall
be asked to prepare a powerpoint or product presentation of their
respective proposals for 10 minute presentation before a panel of
potential investors and a live audience.
At the end of each
presentation the proponent is expected to defend his or her proposal
and answer any question or comment from the panel of potential
Members of the
audience who may be interested on a particular proposal may also
question or ask for clarification from the proponent.
Investment on a
particular proposal shall be open to the panel of potential
investors as well as to the audience.
Once a proposal has
been selected by a potential investor any transaction and agreement
that will arise will be wholly between the proponent and the
investor without any involvement from the organizers.
The investor may do a
due diligence check on the proponent and decide whether or not to
proceed with the investment on the basis of the findings. The
decision of the investor is final and the organizers cannot be held
liable should the investor decide not to proceed nor are they
obligated to find another investor.