The Securities and Exchange Commission (SEC) has taken steps to promote the involvement of micro, small, and medium enterprises (MSMEs) and start-ups in the capital market.
Recently, the SEC concluded the fourth installment of its Roadshow on Capital Market Formation, specifically targeting MSMEs and start-ups in Palacio del Sur, Zamboanga City.
This initiative has been met with enthusiasm by Zamboanga City Representative Khymer Adan Olaso, who recognizes the value of presenting the capital market as an alternative avenue for funding these businesses.
Representative Olaso highlights the importance of diversifying funding options beyond traditional methods such as banks, particularly in light of the ongoing recovery efforts from the COVID-19 pandemic.
He appreciates that this initiative aligns with President Marcos Jr.’s agenda of expanding financing opportunities for MSMEs.
The event witnessed a strong turnout, with over a hundred participants attending in person and an additional 83 joining virtually.
Among the attendees were executives from prominent companies, business groups, and government agencies, including the Zamboanga Chamber of Commerce, Pagadian Zamboanga del Sur Chamber of Commerce, Sindangan Chamber of Commerce, and the Rotary Clubs of Zamboanga City and Zamboanga West.
The SEC’s endeavor is congruent with President Marcos’ overarching objective of facilitating diverse financing alternatives for small-scale enterprises.
Echoing this sentiment, Vice Mayor Josephine Pareja of Zamboanga City expressed her support for the roadshow, which aligns with a recent local ordinance designed to bolster the growth of MSMEs by backing homegrown products.
In addition to fostering awareness about capital market opportunities, the SEC also shed light on the potential of crowdfunding as a practical and accessible means for businesses to secure expansion funds.
Crowdfunding, a fundraising mechanism typically employed by start-ups and SMEs, enables the general public to contribute and support innovative business ideas through online platforms.
Investree and SeedIn Technology have emerged as prominent crowdfunding platforms, successfully facilitating fundraising efforts for over 200 businesses by the end of 2022.
In particular, SeedIn Technology’s platform has seen remarkable success, having raised a substantial amount of P1.34 billion for 259 projects during the same period, as per the SEC’s data.
The Office spearheaded the SEC’s Roadshow in Zamboanga for the Advancement of Strategic Investments in SMEs, an establishment dedicated to encouraging SMEs to explore the capital market as a viable financing option.
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