campus dev con at apc - dustin masangcay - creating the next ph growth story
TRANSCRIPT
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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?
050
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
ideaspace
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?