Campus dev con at apc - Dustin Masangcay - Creating the Next PH growth story
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This document discusses efforts to promote tech entrepreneurship and startups in the Philippines through the organization IdeaSpace. It outlines IdeaSpace's goal of creating a "Silicon Valley in the Philippines" by bringing together universities, investors, engineers and other stakeholders. IdeaSpace runs various programs like a national startup competition that provides funding, mentoring and partnerships. It also holds educational bootcamps around the country to raise awareness and identify promising startup ideas. The organization aims to help tech startups progress from the idea stage through product development, scaling and growth to put the Philippines on the global startup map.
Campus dev con at apc - Dustin Masangcay - Creating the Next PH growth story
- 1. Creating the Next PHGrowth Story though Technopreneurship and Startups Dustin RJ Masancay Associate , IdeaSpace Foundation Inc Manila Director, Startup Grind
- 2. ideaspace 2 Why is techpreneurship so important?
- 3. ideaspace 3 Silicon Valley Silicon Valley Home to the world’s largest technology companies and thousands of startups
- 4. ideaspaceideaspace 4 Why is techpreneurship so important? 0 50 100 150 200 250 300 350 400 450 $ 225 Bn (Philippines) 2011 $ 426.5 Bn (Revenues)
- 5. ideaspace 5 Why silicon valley? Image courtesy of Take Action Incorporated
- 6. ideaspaceideaspace 6 Silicon Valley Universities Investors Entrepreneurs Engineers Corporates Law Firms Government and Non- Profit Infrastructure Angels Role ModelsWorking together to bring technology to the world
- 7. ideaspaceideaspace 7 THE PHILIPPINES ideaspace Universities Investors Entrepreneurs Engineers Corporates Law Firms Government and Non- Profit Infrastructure Angels Role ModelsCan we do it? Can IDEASPACE Jump start “Silicon Valley in the Philippines” by putting it together under one roof?
- 8. ideaspaceideaspace 8 Is a non-profit organization that advocates technology development, innovation and entrepreneurship as a path to nation building. Who We Are
- 9. ideaspace 9 enabled BY a highly diversified conglomerate (current valuation >$40b) with an award-winning management team
- 10. ideaspaceideaspace 10 R&D Idea to Product Productize and Scale Revenue and BE Point Expand and Grow Stimulating the Technology Ecosystem 10 DOST Incubabtor Univ Research Develop Net ITSO PhilDev Techtalks.ph (VizMin) Google Dev Group Startup Weekend Startup Grind IdeaSpace Wireless Wings Hatchd Asia Philippine Angel Group/Hack2Hatch LaunchGarage/Globe Kick-Start ICCP Narra 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
- 11. ideaspaceideaspace 11 Philippines on the Start-up Map Today 11
- 12. ideaspaceideaspace 12 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
- 14. ideaspace 14 Seed Funding P 500,000 initial investment spread over 6 months P 5,000,000 Possible additional funding via convertible note Access to bank financing, ventur e capital, angels, e tc. Mentoring Intensive, structu red, training and mentoring from tech experts, entrepre neurs and participating industry executives Workshops on pitching, business development, technology commercia- lization and other skills Strategic Partners Multi-industry conglomerate resources and reach Links with group companies Support from partner institutions in education, public sector, international links Market Runway 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, re gulatory compliance IP assistance- patenting Accounting, HR, Marketing, R&D
- 15. ideaspaceideaspace 15 • 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
- 16. ideaspaceideaspace 16 OUR JUDGING CRITERIA MARKET 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
- 17. ideaspaceideaspace 17 Top 20 Geographical Distribution Population Density Map per Province Philippines Manila Angeles Sorsogon Cebu Leyte Davao Zamboanga
- 18. ideaspaceideaspace 18 • 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
- 19. ideaspace 19 @ Ateneo Bootcamp @ DLSU Bootcamp @ UP Bootcamp @ JCI-MIT Bootcamp
- 20. ideaspaceideaspace 22 Corporate and Gov’t Partnerships 22 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
- 21. ideaspace 23 We can work togethe r THE PHILIPPINES ideaspace Universities Investors Entrepreneurs Engineers Corporates Law Firms Government and Non- Profit Infrastructure Angels Role Models
- 23. ideaspaceideaspace 25 Thank you and any questions?
Editor's Notes
- #10: Linkages? For investors & applicants: Having a strong established partner can help you hurdle challenges
- #11: 70-80% Stanford – Invention DisclosureDLSU – Substantial Use
- #18: -Almost half of the top 20 is from outside Metro Manila-25% from Cebu (Visayas); 3 teams from Mindanao-Correlation between geographic distribution of top 20 and population density-For 2013, focus is to conduct roadshows at selected cities using a regional-wide roadshows.