The DLSU Center for Business Research and Development – Social Enterprise Research Network (CBRD-SERN), represented by Patrick Adriel Aure and Ian Benedict Mia, attended the IIX Foundation’s knowledge sharing event on the proposed “Roadmap for Strengthening Social Entrepreneurship in the Philippines” on November 20 at the Asian Development Bank.
With the roadmap, IIX aims to help “drive inclusive growth and meet the national and sustainable development goals” in the Philippines. It proposes several solutions on several issues including limited access to capital, lack of innovative financial products, knowledge gaps, and data gaps. The roadmap was created and presented by IIX Foundation, an organization that focuses on the development of “impact enterprises” and other social innovators.
Following the presentation of the roadmap, the panel discussion talked about the insights and experiences of three guests coming from the public sector, civil society, and social enterprise sector. They are Office of Senator Bam Aquino Programs Head Mr. Karl Satinitigan, Bayan Academy President Mr. Eduardo A. Morato Jr., and BagoSphere Chief Executive Officer Mr. Zhihan Lee, respectively. The panel discussion was moderated by IIX Foundation Chairperson Ms. Durreen Shahnaz.
One of the main points of the discussion was on how social enterprises can be taken to the next level and become sustainable businesses. In the Philippines, one of the main challenges of social entrepreneurship highlighted is on financing and investment-readiness. The discussion also highlighted the ongoing definition of social entrepreneurship in the country, and how the sector can move forward despite the ongoing debate.
CBRD-SERN is looking forward to attending more policy and industry-related events on social entrepreneurship.