The School of Accountancy and Business Management grabs one gold and one silver in the recently concluded 10th Business Idea and Development Award (BIDA) for the technology and service category, respectively, held at PCCI Building Mckinley Hill, Bonifacio Global Center, Taguig City on October 12.
From around 60 private and public schools nationwide that joined the preliminary competition, only 10 entries were chosen, including SLU, to present their full-detailed business plan to the set of judges representing the different fields in business.
The technology group represented by Gregory Jones Lomboy, John Paul Galong, John Cyril Paco, Joji Tateoka, and Keanu Versoza presented the Bio-Gab product which was made of wild gabi instead of rice, corns, and coconuts. It is a bio-ethanol-fuel that works as substitute to diesel which cleanses the engine and makes smoke emission less harmful.
“I think our edge was that our competitors focused on the technologyin the sense that, they focused on gadgets like electronic tumblers and such and their products were tangibles, but for us, we were introducing a new process which uses a new raw material which is the wild gabi,” said Lomboy.
He stated further that, they have chosen wild Gabi because it has no use and it is harmful to animals due to high cytotoxin, thereby insulating it to the animals that might eat it.
Meanwhile, in the service category, the team composed by Gabriel Eric Santos, Marie Jan Go, Ron Benlheo Opolinto, Grace Lyn Marzo, and Jedalyn Macwes vied VIDA Eterna Memorial Care. It is a culturally sensitive memorial care; cremated ash can be used to turn it into fireworks, diamonds, and fertilizers.
“We provide services appropriate to the culture and religion of the person availing the service. We focus on Ilocano, Igorot, Muslim, and Chinese,” said Go.
Asked about their preparations, the teams mentioned that they went through series of brainstorming themselves to prepare for the presentation. “We criticized ourselves first and we thought of possible questions and tried to answer it prior to the competition,” said Lomboy.
Lomboy added that it was a challenge for them that for two consecutive years, SLU was hailed champion in the technology category, so their drive was to get the accolade for the third time around and keep the winning tradition for SLU.
Tateoka stated further that their aim was not just to be declared as winners, it is to give some alternative product and service to help the environment and the society.
Moreover, he also acknowledged the efforts of their advisers. “Our advisers were of great help, without them our paper would not be strong enough, so credit goes to our advisers.”
The BIDA is sponsored by the Philippine Chamber of Commerce and Industry and its partners, it is an annual event that initiates programs and activities that uphold human resource improvement aligned with today’s business environment requirements.