The DOLE’s National Reintegration Center for OFWs (NRCO) and Integrated Seafarers of the Philippines (ISP) awarded the second tranche of prize in the amount of P300,000 to Ryan Mark Antiquera, the grand prize winner of 2016 NRCO-ISP Business Plan Competition, for his Soft Broom Making business.

It can be recalled that Antiquera’s proposal bagged the 2016 DOLE NRCO-ISP Business Plan of the Year, which entitled him and his family with half a million cash prize, to be given in three tranches.

The first tranche, amounting to P50,000 was awarded on the final round of the Competition held on November 11, 2016, while the second tranche was given to Antiquera on December 17, 2016, after securing proper requirements and documents stated in the competition’s guidelines.

The awarding of the second tranche was broadcasted over ISP’s radio program, dubbed “Gabay ng Pamilyang Marino” on DZIQ 990 AM.

The remaining P150,000 will be given to the Antiqueras in time for the NRCO’s
Project Monitoring and Evaluation in March 2017.

Aside from the cash prize, Antiquera and his family will get assistance in availing business registration and other services from their local government unit in Bicol.

“From Seafarers to Enterpreneurs: The 2016 NRCO-ISP Business Plan Competition (Harnessing Seafarers’ Capacities for Business Enterprises Development)” is a convergence project of the Department of Labor and Employment and its attached agency, the NRCO, together with the ISP.
The Business Plan Competition is a pilot project of the NRCO and ISP that primarily aims to encourage and handhold seafarers intending to venture into social entrepreneurship and support the growth of jobs in their hometowns.

The NRCO is mandated to develop, promote and implement a national agenda on sustainable return and reintegration to address the multi-faceted reintegration needs of returning Overseas Filipino Workers and their families, including the development of their hometowns or communities.

The Integrated Seafarers of the Philippines is a non-stock and non-profit organization formed and established for the welfare of Filipino seafarers and their families. It aims to create avenues where the seafarers’ families can improve their lives while the seafarers are on active duty; and to provide ways for their easier social reintegration after the culmination of their overseas jobs.

END/NRCO Report/Tim Laderas

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