Creating the Next PHGrowth Story though Technopreneurship and Startups

Dustin RJ MasancayAssociate , IdeaSpace Foundation IncManila Director, Startup Grind

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Why is techpreneurship so important?

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Silicon ValleySilicon ValleyHome to the world’s largest technology companies and thousands of startups

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Why is techpreneurship so important?

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100150200250300350400450

$ 225 Bn(Philippines)

2011

$ 426.5 Bn (Revenues)

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Why silicon valley?

Image courtesy of Take Action Incorporated

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Silicon Valley

Universities

Investors

Entrepreneurs

Engineers

Corporates

Law Firms

Government and Non-

Profit

Infrastructure

Angels

Role Models

Working together to bring technology to the world

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THE PHILIPPINESideaspace

Universities

Investors

Entrepreneurs

Engineers

Corporates

Law Firms

Government and Non-

Profit

Infrastructure

Angels

Role ModelsCan we do it?

Can IDEASPACEJump start

“Silicon Valley in the Philippines”

by putting it together under one roof?

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Is a non-profit organization that advocates technology development,

innovation and entrepreneurship

as a path to nation building.

Who We Are

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enabled BY a highly diversified conglomerate (current valuation >$40b)

with an award-winning management team

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R&D Idea to Product

Productize and Scale

Revenue and BE Point

Expand and Grow

Stimulating the Technology Ecosystem

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DOST Incubabtor Univ Research Develop NetITSOPhilDevTechtalks.ph (VizMin)

Google Dev GroupStartup Weekend

Startup Grind

IdeaSpaceWireless Wings

Hatchd AsiaPhilippine Angel Group/Hack2Hatch

LaunchGarage/Globe Kick-Start ICCPNarra VC

< $100k < $500k > $5 M< $2-5 M

~ $100k ~ $500k

Sources of Support

Valuation

Investment Size

~ $10 - 50k

ON3/PlugandPlay

In red: established in late 2011- 2012

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Philippines on the Start-up Map Today

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What we are doing to put the philippines on the start-up Map

R&D Idea to Product

Productize and Scale

Revenue and BE Point

Expand and Grow

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NATIONAL COMPETITION

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Seed Fundin

g

P 500,000 initial

investment spread over 6

months

P 5,000,000Possible

additional funding via convertible

note

Access to bank financing, venture

capital, angels, etc.

Mentoring

Intensive, structured, training and mentoring from tech experts,

entrepreneurs and

participating industry

executives

Workshops on pitching, business

development, technology commercia-lization and other skills

Strategic

Partners

Multi-industry conglomerate resources and

reachLinks with

group companies

Support from partner

institutions in education,

public sector, international

links

Market Runwa

y

Access to market

Assistance with scaling

and customer acquisition

Accelerate market

validation phase

Develop products having

previewed market

pipeline or synergies

Support

Office facilities and CBD location

Housing for non Manila residents

Fiber Internet and other services

Legal assistance-

Incorporation, regulatory compliance

IP assistance-patenting

Accounting, HR, Marketing,

R&D

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• We request 20% equity from all companies created by participating in the incubation program

• This means that we’re committed to being your partners, and are vested in your success

• In some cases, we may also ask for potential exclusivity for our partner companies

What’s the Catch?

Programs for start-ups What does the start-up get? Percent?

National Competition 500K+2M of Incubation+5M 20%

SWEEP Incubation for winners/finalists

500K from Smart through PSF 10%

Incorporation Grant 50K + Incorporation + Patent Search

Grant or small percentage

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OUR JUDGING CRITERIAMARKET POTENTIAL 25% Business model and local and global

market size

TECHNOLOGY 25% Uniqueness and innovation in technology use and implementation

TEAM 20% Ability of the team to execute their vision into reality

NEED 20% Market need or clear customer pain point

SYNERGY 10% Synergy and scale across partner company industries

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Top 20 Geographical Distribution

Population Density Map per ProvincePhilippines

Manila

Angeles

Sorsogon

Cebu Leyte

DavaoZamboanga

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• Reaching out at the grassroots level to raise awareness about technopreneurship

• Typical agenda: tech talks and mini pitching sessions– INFORM people about IdeaSpace and disseminate knowledge on entrepreneurship– INSPIRE through thought-provoking talks and success stories– IDENTIFY high potential ideas through the lightning pitch sessions and give feedback

Bootcamps

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@ Ateneo Bootcamp @ DLSU Bootcamp

@ UP Bootcamp @ JCI-MIT Bootcamp

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Corporate and Gov’t Partnerships

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Partner with an Academic ITSO for P150,000 to help patent search, patent filing

Free licenses for all IBM software and paired up with a mentor ISV

Free licenses for MS Software products for 12 months during incubation

$1000 amazon credits with mentoring and training from Amazon Specialists from Singapore

Need Authorization to enter into MOAs with corporations

Mentoring and assistance on Hardware based prototypes

Internship for MBA students and case study writing

Bootcamps and cases for entrepreneurship educators

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We can work

together

THE PHILIPPINES

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Universities

Investors

Entrepreneurs

Engineers

Corporates

Law Firms

Government and

Non-Profit

Infrastructure

Angels

Role Models

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Connect with US!

www.ideaspace.ph

facebook.com/ideaspaceph

@IdeaSpacePh

ph.linkedin.com/in/ideaspaceph

youtube.com/user/ideaspaceph

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Thank you and any questions?