Teenpreneur Challenge Gets Bigger and Better

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Cebu, Davao eyed for young businessmen

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Every year, about a dozen or so high schools from Metro Manila participate in the annual competition that aims to expose students to entrepreneurship and how it can be used to fight poverty. Each participating schools forms a team which eventually partnered with a micro-entrepreneur from an underprivileged community.

The task of each school vying for top awards is to innovate, re-engineer, or change altogether the micro-entrepreneur’s existing livelihood product in order to generate more sales and profits.

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This year’s participating schools are De LaSalle Greenhills, Falcon School, Golden Faith School, Sacred Heart Academy, St. Paul’s College, Paref Northfield School and Lorenzo Ruiz de Manila School.
According to Mr. Eduardo Silva, ESA Director of Academics, this inter-high school competition aims to help underprivileged communities uplift their lives through business, and they are eyeing the cities of Cebu and Davao to widen the community reach of the yearly challenge. They are also drawing up plans to provide stalls in each of the 58 SM Malls nationwide to ramp up public reach.

Silva said the competition is directed not just to uplift the lives of various underprivileged communities but at the same time provide a venue for students who want to learn the ropes of doing business even at an early age.

“Business is about trying to show initiative. You will have to solve problems. I know each and every one of you has experienced, each team has run into difficulties and varying types of problems, unforeseen events but that’s part of business, that’s part of the training,” he told the participants of the event.

“Young people like us can do something about it. You are actually helping fight poverty. You are taking action and that is important. And even at a young age it is important for you to realize you can make a positive impact to the community. I’m happy to see that all of you are able to surmount those problems and you are able to come up with your product. And at the end of the day it is to help your product grow and you are continuing this tradition.” he said.

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Three categories were awarded, focusing on the innovation, design and sales achieved by the students during the competition.

Ian Mathay, Assistant Vice President of SM Supermalls and SM Cares Program Director for Social Entrepreneurship, said the Teenpreneur Challenge is SM’s way of encouraging social entrepreneurship within communities.

“SM Cares believes in the youth and one way of nurturing them is to instil the value of hard work and compassion to the underprivileged. This is the main reason we have always been supportive of the Teenpreneurship Challenge,” he added.

SM Cares is the Corporate Social Responsibility arm of SM Prime Holdings, Inc. Its advocacies include, Programs on Children and Youth, Senior Citizens, Persons with Disabilities, Women and Breastfeeding, OFWs (SM Global Pinoy), Environment and Sustainability and Social Entrepreneurship.

To know more about SM Cares and its CSR programs, you may visit www.smcares.com.ph or www.facebook.com/OfficialSMCares.