• DTI fosters growth of inclusive business

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    ABOUT 100 to 200 inclusive business (IB) models are seen to emerge in the next six years to serve as linkages between the medium to large companies and the micro and small enterprises (MSEs) as a result of government efforts to support and develop smaller entrepreneurs.

    Last week, Department of Trade and Industry (DTI) Secretary Ramon M. Lopez and Go Negosyo founder Joey Concepcion both said they are targeting 100 to 200 IB models created during the Duterte administration through the newly formed Kapatid Project.

    The Kapatid Project aims to encourage large corporations (called “Big Brothers”) into including the MSEs (or “Small Brothers”) in their value chain either as clients and consumers of their products and services, or as suppliers of raw materials, producers, or employees.

    “We want to have 100 to 200 of these IB models. We can incentivize them,” Concepcion said in a briefing last week, citing that the target of the project “is to convince and encourage large companies to adopt an IB model.”

    “I think within the next six years, we would see progress in movement here from 10 IB models, then you will have [at least]20 [to]30. Currently, we have the Jollibee model, Coke model… We need to see 100 IB models out there,” he added.

    Under the memorandum of agreement signed last week between the DTI and GoNegosyo, the project will develop programs that will partner MSEs with medium and large enterprises as part of the latter’s value chain.

    One component of the Kapatid Project is the Mentor Me Program, which is its flagship capacity-building program that will help equip MSEs with the necessary capability and linkages to financing and marketing.

    The Mentor Me Program will enable the “Small Brothers” to supply goods and services that meet the required standards of the “Big Brothers” and to eventually sustain their enterprise on their own.

    Both Concepcion and Lopez said the IB models which are promoted by the Kapatid Project is “the way of the future” as this will provide greater market access to the poorer entrepreneurs and enable them to enjoy business growth and opportunities experienced by their “Big Brothers.”

    “We’re putting together entrepreneurs out there and the government also so we can link the poor entrepreneurs with the rich entrepreneurs. Dapat angat lahat [Everyone must grow],” Concepcion said.

    The DTI said the expected linkage of big, medium, small and micro businesses will make up the industry clusters under the Kapatid Project, and will concretely contribute to industry sustainability, inclusive growth, poverty reduction and employment generation.

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