EXPECTATIONS are high for six secondary student entrepreneurs who will be representing the Philippines in the Asia-Pacific trade challenge slated August 17 to 21 in Hong Kong.
The country’s representatives are Daniel Zeke Ochangco and Ron David Hilaria of International Christian Academy, Nicole Chiang and Adrian Sy of St. Jude Catholic School and Deji Eclarin and Lianne Gabrielle Hernandez of O.B. Montessori Greenhills.
The program aims to educate high-school students about the fundamentals of business and instill an entrepreneurial mindset among young Filipinos.
They emerged as winners in the Philippine International Trade Challenge (PITC) held recently at the Ateneo de Manila Professional Schools in Makati City.
Ochangco and Hilaria worked on Magapana, a football with compressed recycled magazines at its core.
The team of Chiang and Sy worked on Ambience, a radio frequency harvester that draws energy from ambient radio waves to power peripheral and supplemental lighting.
Eclarin and Hernandez mean–while invented Repel, an organic alternative to chemical-based mosquito repellants.
Working in teams of two, 258 students attended the Inter–national Trade Workshop to learn how to develop business plans.
Participants have to outline inventory management, pricing, promotion and distribution strategies of an innovative product for international markets.
Ten teams advanced to the local finals where they presented their plans and underwent a question and answer before a judging panel composed of industry experts.
The winning teams were chosen based on their skills in product development, market segmenta–tion, product positioning, promo–tion strategy, pricing, and financial analysis.