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IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
IdeaSpace: Supporting Startups
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IdeaSpace: Supporting Startups

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  • -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.
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    1. Creating the Next Growth Story in the Philippines through Technopreneurship and Startups Dustin RJ Masancay Associate , IdeaSpace Foundation Inc Manila Director, Startup Grind
    2. Philippine Statistics – What is Going on? Location • Fastest Growing Country in Asia (7.8% vs. China) in Q1 2013 • English Speaking Country • 50% of people under 23 • 108 M people – domestic base • Top 20 economy in 2050 by HSBC • Investment Grade by S&P and Fitch in the past 6 months Need to Sustain Growth Through Technology and Innovation
    3. Why is Technology Entrepreneurship so important? $ 423.7 Billion (Philippines) $ 426.5 Billion (Revenues) GDP (PPP) $127.8 $124.9 $53.9 $ 250.3 Real GDP (Philippines) $44.8 $37.9 $36.9
    4. Who We Are Background a non-profit organization that advocates technology development, innovation and entrepreneurship as a path to nation building. Role Models Universitie s Angels Investors Entrepreneurs ideaspace Infrastructur e Engineers Governmen t and NonCorporates Profit Law Firms Working Together to Bring Technology to the World
    5. Seeking Promising Technology Ideas INCUBATE • Find top ideas from the Philippines and SEA to invest and incubate for the EDUCATE • Build and grow the technology entrepreneurship community in the Philippines to inspire more Filipino students to pursue an innovationoriented career. CONNECT • Connect startups, potential partners, angel investors, VCs and other key ecosystem players
    6. Multi Industry Corporate Partners within the First Pacific Group enabled BY a highly diversified conglomerate (current valuation >$40b) with an award-winning management team
    7. Budding PH Startup Ecosystem Idea Flow Players R&D • • • • • • • • • Valuation Investment Size • DOST • DevNet • DevCon PhilDev ITSO Techtalks.ph GDG Startup Weekend StartupGrind Idea to Product IdeaSpace LaunchGarage Hack2Hatch Scale • • • • Started after late 2011 Revenue and Breakeven KickStart Ventures Hatchd Wireless Wings ON3/PlugandPlay Expansion • • • • • < $100K < $500K < $2-5M $10 50K ~ $100K ~ $500k ICCP Narra Venture Capital Brummer and Partners Bonifacio Capital Nova Founders > $5M
    8. IdeaSpace as a full model accelerator/incubator Idea Flow R&D Idea to Product Scale Revenue and Breakeven Expansion Approach Find Ideas Provide Capital Provide Expertise Provide Facility • Startup Challenge • • • Initial support: P500K investment over 6 months ($12k) During Incubation: Up to P2M ($50 k) for 20% After Incubation: Up to P5M of additional investment on a convertible note ($120k) • • • Provide legal support on incorporation, IP Provide financial planning capability support Provide technical support and mentoring from the executives of First Pacific Group • • Provide office space in Makati Provide housing for non-Metro Manila incubatees
    9. Screening ideas from global standard level of competition Recent acceptance rates 5.8% • For the class of 2013, IdeaSpace selected 10 out of 700 submissions • The competition is up to par with global standard incubators 3.0% 1.0% 1.4% 2.0% * Source: Betabeat, Techcrunch, Gagaom, Harvard College
    10. What we are looking for Criteria Market Need Market need or clear customer pain point Market Potential Business model and local and global market size Technology Uniqueness and innovation in technology use and implementation Team Ability of the team to execute their vision into reality Synergy Synergy and scale across partner company industries
    11. Profile of Ideas – Solution to EM challenges Category of Idea (Based on submissions: Top 2 box) 1 40% 34% • 1 Strong mobile solutions using mobile app and software 2 Target on EM Social Issues 26% 26% 18% 16% 15% 13% 9% 4% • 2 Social entrepreneurship, advo cacy projects and nonprofits presence to solve prominent emerging markets issues
    12. Example of Incubatees Description • ARMtech • • MIRAND • • TimeFree • • PinoyTravel • Water purification machine using nanotech. Current technology available in Philippines kills only bacteria but this one kills virus too, which is a vital issue in EM Established by 3 Filipino engineers and advised by a professor at MIT Affordable artificial joints for the emerging Asia. New technology pushes knee joint operations cost down to 50% of current prices Developed by surgeons trained in US Virtual queuing system. In EM, people make queues for meals, transportation, leisure, etc and this service saves the trouble Deployed by SMART and Western Union in 3 countries. $100K USD revenue in less than 6 months Provincial bus reservation system to increase the easiness to take buses. Buses are one of the most frequently used transportation means in EM, but ticketing/reservation are not as simple as flight or railway 9 out of top 10 bus companies have signed up for the service
    13. Our Management Team Roles • • Chairman Managing Director at First Pacific Group Earl Valencia • • • President, Co-Founder Head of corporate development at SMART Stanford MBA ‘09 Diane Eustaquio • • • Executive Director Metro Pacific Investments DENR Marthyn Cuan • • Vice President, Co-Founder CIO, Manila Electronic Company Dustin Masancay • • • Associate Director of Venture Philippine Director, Startup Grind University of Philippines, Economics Manuel Pangilinan
    14. Our awesome interns
    15. Additional third party/government support Partners Support Academic ITSO to assist patent search, patent filing BizSpark: License forMS Software products during incubation Free licenses for all IBM software and paired up with a mentor ISV $2500 amazon credits with mentoring and training from Amazon Specialists from Singapore Mentoring and assistance on Hardware based prototypes Internship for MBA students, lectures and case study writing ENEDA - Bootcamps and cases for entrepreneurship educators Stanford GSB Global Group – MBA intern funding from Stanford National Instruments – Enrollment in Planet NI Program Freelancer– $100 in Freelancer Credits
    16. IdeaSpace Makati Office ideaspace 16
    17. Technopreneur Bootcamp Series @ UP Bootcamp @ Ateneo Bootcamp @ JCI-MIT Bootcamp @ DLSU Bootcamp Reaching out at the grassroots level to raise awareness about technopreneurship
    18. Technopreneur Bootcamp Series Tech talks Team meetings and mentoring Team presentations and judging
    19. Top 10 Geographical Distribution Population Density Map per Province Philippines Angeles Manila Cebu Zamboanga ideaspace Davao 19
    20. Let’s Make Things Happen! facebook.com/masancay @dustinmasancay ph.linkedin.com/in/dustinmasancay/

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