A new sector will soon take
The Small and Medium Enterprises
are the ones to watch out for. SMEs are showing potential to
contribute in helping the Philippines economy grow. As more
enterprising individuals start companies, grow, and succeed, the
Philippines will stand to benefit as well.
KMC Savills Managing Director,
Michael McCullough, predicts new occupancy demand will come from
SMEs. Entrepreneurs with creative business ideas can be the next
drivers of the Philippine economy. Due to the youthful population
that grew up in a digital world, the future generation will
continue to drive the local tech scene. KMC notes that while they
are budget conscious, the local tech players will be future
occupants of office spaces.
Take inspiration from these three
SMEs that disrupted various industries:
Who said that
science education will cost you an arm and leg? Shaina Tantuico's
social enterprise is making love for science possible and
accessible. Tantuico's Kickstarter project turned business venture
is helping revolutionize education with a science mobile app.
Jeepneed is the perfect fusion of online and offline tools to make
science more exciting with their laboratory in a box or using your
smartphone as a microscope.
the playing field of scientific learning by catering to many public
schools nationwide. Recently, Jeepneed also began shipping their
lab in a box to Berlin, Germany. Shaina Tantuico believes that one
secret in any successful SME idea is to "localize, customize and
2. La Union
LU locals can
truly say "Shaka" after their most recent boost in tourism. Jeff
Ortega is the entrepreneur behind the famous La Union Surf School,
Mad Monkeys and LU events. Started as a working student with no
business background, Ortega worked hard to establish the first
professional surf school in the country. He markets his lesson to
different international schools and foreigners that are interested
to ride the waves. Eventually, several sponsors came after seeing
his enterprise grow over the years.
Ortega branched out to organizing events such as Soul Surf festival
- PH's first ever art and music festival, and gives back to the
community with Go Surf. Jeff is a firm believer that tech tools
assisted in reducing loss of sale cases. Later, he decided to bring
a part of his business online. Ortega also values uniformity in his
social media campaigns after seeing its potential to grow the
business by boosting sales and getting immediate feedback.
Before the food
parks, we all frequented Mercato!
serial entrepreneurship led him to various business opportunities.
His night food market, Mercato Centrale, set a precedent in the
food industry. The infamous white tent eventually became a model
for most food parks in existence right now. However, as the
competition rises, Ledesma have set his sights on a completely
different opportunity. He started Mercato academy that helps small
food businesses grow and incubate them in Mercato Centrale. He even
started a business concierge called "EnterPH". Some of the
successful graduates of Mercato are Mama Lou's and Manang's
More entrepreneurs should take
heart and grab the opportunity while the Philippines is still the
fastest growing economy in Asia. McCullough said that there is
plenty of market and that the tech talent is available.