FGD on SMITE Financing
SBGFC, DTI and the CICT will be conducting a Focus Group Discussion on Financing for Small and Medium IT Enterprises or SMITEs. This FGD will be hosted by SBGFC (Small Business Guarantee and Finance Corporation), an agency of DTI.
Date: March 11, 2005 (Friday)
Time: 10:00am to 4:00pm
Venue: SBGFC Board Room, 18th Floor, 139 Corporate Center, 139 Valero St., Makati City
Topics to be covered will include:
- what are difficulties faced in obtaining financing for expansion purposes?
- what are the typical uses of loan proceeds?
- what do financing institutions need to know about financing for SMITEs?
Only limited slots are available, so if you are interested to attend, please click on "comments" below and leave the following information:
- name of your company,
- website of your company (URL), and
- "safe" email address e.g. dondi sa gmail dot com.
by Dondi Mapa | permalink
26 comments
26 Comments:
One big problem with SME's as far as software developers are concerned - SME's want all their accounting functions computerized, but they are not willing to pay the price. They think that after paying for the cost of the software, everything else comes free - installation, migration, user training, debugging and technical services. I used to own a small software company and market a canned accounting software which my company developed for the SME's, but I closed the business and joined a private firm. My customers were just unwilling to pay for "services" and after covering the salaries of my programmers I am left with nothing for myself. When I started to accumulate debts, I gave up.
Barrer, Maria Gladys E. Barrer
gladys.barrer sa gmail dot com
Tinio, Eloisa P.
etinio88@yahoo.com
Philippine Computer Society (PCS)
Philippine Society of IT Educators (PSITE) Foundation, Inc.
Philippine eLearning Society (PeLS)
Technical Vocational School Administrators' Association (TEVSAA)
ICT Industry Working Group (IWG)
Ernie G. Imperial
Datapax (Phils.), Inc.
http://www.datapax.net
ernie sa datapax dot com or
egimperial sa gmail dot com
Hi Dondi, long time no see. Hope I can avail of a slot.
best regards,
Ernie
hector ocampo
camphector sa gmail dot com
Hi, Dondi!
Joel Galgana
BayangPinoy Organization, Inc.
Hoping a slot is still available for us.
bayangpinoy sa gmail dot com
Ecommsite Solutions
http://www.ecommsite.com
jpabellon sa ecommsite.com
dondi,
I sent my comments to you privately :)
Maan
Comapany: Aredconsult
URL Address: http://www.aredconsult.com
E-mail: successmastermind@yahoo.com
Mark Hipolito
iOptiSys, Inc.
www.ioptisys.com
markhipolito sa ioptisys dot com
Hi Dondi,
3 years ago, I applied for an SBG loan for opening a branch office in manila and market my more affordable ERP_type software to various vertical markets there. I went through the feasibility documentation and other detailed requirement process for over a year, eliminating each requirement along the way and on the last minute, just when i felt high on the brink of my last hurdle - a new set of formal requirements were presented to me. Right at that moment, my hopeful spirit died in me, and I somehow managed to contain myself and just walked out of the SBG office swearing silently never again.
My only consolation now is whenever sulong is mentioned in any meeting or forum...I am able to gather laughter when I say that the program is now called "ATRAS". Not because I'm bitter but simply because I have learned to accept the bad that goes with the good in this only country of ours.
All I can say is that agency needs a major shot in the arm or a major reengineering rework. Good luck to them.
Please spare me from being part of this focused group...just want to share with you my first hand experience.
Best regards,
Mike Jurado
Checkout my new book (http://www.ricebowlandchips.com) coming out around May 2005 first in the U.S. then eventually here.
It discusses the nature of tech financing, and explains why equity is a better choice than loans.
It also gives a brief history of why the NASDAQ was started in the U.S.
Gladys T. Santos
National Economic and Development Authority
gtsantos@neda.gov.ph
Please do include me in the workshop. I have my own small IT business
engaged in designing magazines published abroad. I also do research work
and maintain a website on the satelite industry (www.satnews.com) and
(www.satmagazine.com)
Hi Dondi,
I did try to inquire with DTI/SB's SULONG some years ago, only to find out that their requirements somehow not applicable to startups like ours.
Anyway, I'm interested to attend this SMITEs discussion if will be given a slot.
Thanks.
Melvin Ferrer
Convergex Asia
cxasia@yahoo.com
Hi Dondi,
I am very much interested in attending the discussion as we are into financial services. Hopefully with the discussion we would know how we can extend to support to SME's especially IT related companies.
Thanks
Ramille I. Guiang
Multinational Investment Bancorporation
www.mib.com.ph
rguiang sa mib dot com dot ph
Hi Dondi,
I'd love to see what this forum has in store for technopreneurs. I'm currently connected with stag Philippines (StagPhil.com). My email address is mikeabundo sa gmail dot com.
Hope to hear and contribute ideas. :)
Mike
Would like to attend...
UP-Ayala Techno Park
barcelon.mm@ayala.com.ph
Company Name: DynamicBeans Software Development
URL: Under Construction(Customers and Profits are better than dotCom name)
Email: jared dot odulio sa gmail dot com
interested to attend if slot still available.
company : pointwest technologies corporation
msg ; interested n joining march 11 seminar
who : jowee m. reyes
carmen p sucgang
Aileen Velasco
OPTEL Ltd.
www.optel.info
aileen@optel.info
name of your company: Pilipinas Data Contracts Corporation (PDCC)website of your company (URL): www.pilipinasdata.com, and
email address: peter.florendo@pilipinasdata.com
Do you stil have slots? I'm Benjie Santos of the Philippine National Police. I have my own company, CAJ Information Solutions. I'm interested to attend the seminar. Please inform me thru twoants91@yahoo.com. Thanks
Hi I would like to attend the Focus Group Discussion. Thanks!
BCM Consulting
www.bcm.com.ph
butch.maceda at bcm.com.ph
Congratulations on a productive focus group discussion, Dondi. Let's hope the direction set at that meeting will bring Filipino SMITEs together to compete in the global market. :)
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