WATCH: A crowdfunding platform for PH start-ups

By bridging the gap between idea and capital, The Spark Project is helping a new generation of entrepreneurs develop ventures that go beyond profit

Rappler.com

Published: 11:00 AM December 23, 2016

Updated: 11:00 AM December 23, 2016

SPARKING IDEAS. Crowdfunding allows the publication of Larry Gamboa's 'The Millennial's Guide To Kick-starting A Business'

MANILA, Philippines – Patch Dulay, founder and CEO of The Spark Project, is this year’s Industry Mover for the Move Awards.

The Spark Project is a crowdfunding platform for local businesses. Since 2013, it has raised over P4 million for 35 start-ups. Some of them might be familiar to you – Gouache bags, First Harvest spreads, and Risque shoes all received funding from Spark.

Start-ups play an important role in inclusive economic growth. “The more entrepreneurs that start up, the more employees or possible employment that could be generated from these start-ups,” Patch says.

By bridging the gap between idea and capital, Patch is helping a new generation of entrepreneurs to develop ventures that go beyond profit.

“In the past 4 years that we have been operating as a crowd-funding website, we have discovered a lot of really cool enterprises that are not just doing and making good things but also creating impact [on] society,” he says.

Patch’s next plan for The Spark Project is to go beyond Metro Manila businesses. He also hopes to bring the platform to the ASEAN region soon.

COLLABORATING TO MAKE A DIFFERENCE. Social enterprise advocates such as Senator Bam Aquino (center) have supported The Spark Project.

“Millennials have a lot of energy and great ideas in them,” he says. “My advice to them is really, don’t be afraid to start.” 

After all, it only takes a spark to get things going. – Rappler.com