BPI Foundation and Ayala Land have formally announced their partnership set to fortify the former’s BPI Sinag Program, which aims to provide market access to social enterprises.
BPI Sinag, a program designed to nurture and support budding social enterprises, paired up with Ayala Land’s #BrigadangAyala to reach more people who are in need of help.
“Through ALI’s Alagang Ayala Land program, our Sinag SEs can avail of free leasable space for three months to one year in any Ayala Malls nationwide, subject to certain minimum conditions,” BPI Foundation Executive Director Owen Cammayo said.
“This mutually beneficial partnership will surely spark business opportunities for both parties as the SEs attract new markets to the Ayala Malls,” he added.
The 10 winners of this year’s BPI Sinag Spark business challenge will receive cash grants of up to Php 300,000. Apart from this, they will also receive MBA-like virtual training sessions and gain a free leasable spot in any Ayala Malls for three months.
According to BPI President and CEO TG Limcaoco, it’s important to provide support to social enterprises at this period in time when many are struggling due to the pandemic.
“With the ongoing pandemic, our commitment to help this very important sector recover and survive remains intact. Supporting the growth of MSMEs is key in building a financially inclusive and sustainable Philippines,” he said.
Ayala Land Inc. President and CEO Bobby Dy said the partnership is aligned with their Alagang AyalaLand initiative and will benefit both parties’ endeavors to help out.
“This partnership with BPI is perfectly aligned with Alagang AyalaLand. While the BPI Sinag project would identify and nurture budding social enterprises, we in Ayala Land will provide the spaces in our malls lease-free to the most promising of these enterprises,” he shared.
“This reflects our commitment and synergy in the Ayala Group, especially when our hope is to provide opportunities for our fellow Filipinos,” he added.
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Image credit: AyalaLand and BPI Foundation