Ideas For Incubation

As an offshoot of the discussion thread in gmanews.tv the following business ideas so far were taken up in the discussion which needs more inputs, comments, suggestions and some expert guidance from professionals in these fields:

1) To setup an OFW BANK financed through the financial contributions as investments of the OFWs to this bank. Common shares will be issued to the contributing OFWs. Go to this page for suggestions on how to fund the project.

2) Retirement Village(s) for foreign retirees, owned and operated by OFWs and the fees shall be in Dollars, Euros, fees similar to what they pay in their home countries. The facility shall be applied for PEZA accreditation being export-oriented services.

3) Organize OFWs into several cooperatives to be involved in real estate development where other OFW members will be its own clients, be operated as a cooperative and be accredited under the Cooperative Development Authority.


There are other business ideas that were discussed which I shall list here later on. Your suggestions are welcome and they will be posted accordingly, just send your ideas here.