The founders of Papelle won the bronze award at the HSBC Asia Young Entrepreneur Awards 2011 while presenting Papelle: Hand Woven Recycled Paper Bags on March 16, 2011. They got in the top 3 (Philippine Grand Finals) out of more than a hundred teams who qualified at the beginning.
The HSBC Young Entrepreneur Awards was first launched in the Philippines in 2003. It is a business plan writing competition that provides opportunities for Filipino university students to demonstrate their creativity and acquire practical business knowledge. It aims to cultivate and inspire young people’s interest in entrepreneurship.