IdeaSpace is an incubator and accelerator based out of Manila, Philippines to support technopreneurs focusing on solving the greatest needs in emerging markets. For cohort 2, we are inviting not just applicants from the Philippines but from Southeast Asia and beyond. Apply today to be part of cohort 2 at apply.ideaspacefoundation.org and win up to $25K which includes seed funding, legal support, mentoring, and housing for non Manila incubates.
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IdeaSpace 2013 and Southeast Asian Expansion for cohort 2
1. IdeaSpace Philippines
Multi-industry start-up incubator to help solve
the biggest issues in the emerging markets
Earl Valencia (@earlvalencia)
- President, IdeaSpace Foundation
- Head, Corporate Innovation, SMART
Ideaspacefoundation.org; @ideaspaceph; www.facebook.com/ideaspaceph
2. IdeaSpace by the Numbers
150k
16
5
6
Students and
professionals
who have
listened to an
IdeaSpace
technopreneur
talk
Investments
made across
multiple
industries
Number of
patents that have
been filed or will
file within 2013
Number of
incubatees with
companies that
have launched,
One of which will
has $100k in
revenue
3. Who have we invested in?
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
ARMTech – Water Purification Machine using nanotech
Arthrologic – Joints for the Asian Market
PortfolioMNL – Linkedin for Creative Professionals
WeGen – New more efficient windmill design
TimeFree – SMS based queing system
PinoyTravel – provincial bus reservation system
theKard – Promos on the go using analytics
DateCola – natural-enriched beverage out of dates
PGRS – Power Generating Rumble Strips
Tech4Health – monitoring chronic patients via SMS and Apps
Gen8.ph – Technologies to help people with disabilities
Tudlo – Disaster Preparedness Application
PageSnapp – Page to App in Snap
SMS.AWT – Home Energy Efficiency Monitoring System
OrangeApps – mobile-based education
iRace.ph – Racing applications
Pilot in the Philippines. Scale to the World. Local Needs. Global markets.
4. 2013 Highlights
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•
•
•
•
•
•
•
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Revenue Stage (2), Launch Stage (3), Pre-Launch/Prototype (5)
TimeFree will close the year with more than $100k in bookings and got
a contract to deploy with a financial services company in HK
PinoyTravel now has 3 routes they are servicing (Baler, Baguio and
Tugegarao) with ticket sales
Two start-ups have launch thousands of users (mobKard, PortfolioMNL)
Healthcare start-ups be able to do operations to actual patients
3 patents with 2 invention patents filed in IPO with 3 on the pipeline
Regional Competition finalists (APEC-Intel, IBM Smart Camp, ITU-UN,
e27 satellite)
Incubator: IP Champion Award from the Intellectual Property Office of
the Philippines, 2 Philippine Quill Awards and 1 Anvil Award
Landmark events: Demo Days, Geeks on a Beach, AngelHack, SW
Manila, and the 20+ bootcamps and 40+ talks all over the Philippines
4
5. Continuously building the advocacy
Intra-national
• Manila
• Santa Rosa
• Laoag
• Puerto
Princesa
• Davao
• CDO
• GenSan
• Naga
• Tacloban
• Bacolod
• Cebu
• Ilo-Ilo
• Baguio
• Pampanga
Inter-national
•
Indonesia
(APEC)
•
Singapore
(GAN)
•
Silicon Valley-SF
•
Kuala Lumpur
(IBM)
6.
7. IdeaSpace as a full model accelerator/incubator
Next page
Idea Flow
R&D
Idea to
Product
Market and
Acquire
initial
customers
Scale and
Generate
revenues
Expansion
Approach
Find Ideas
•
Find greatest ideas from the Philippines and SEA to support
Provide Capital
•
Initial support of P1M: P500K investment over 6 months ($12k) plus
a P500K grant ($12k)
After Incubation: Up to P5M of additional investment on a
convertible note ($120k) to few start-ups
•
Provide Expertise
Provide Facility
•
•
•
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
7
8. What’s different in this year’s program
Idea Flow
R&D
Idea to
Product
6 weeks incubation for
the top 20
•
•
•
•
Each team gets a grant of P50K
6 weeks (late March to early May)
Each week has a deliverable
By the 5th week, draft AOI, Bylaws, SHA are done, and Invention
Disclosure are done
• 3-day bootcamp
Market and
Acquire
initial
customers
Scale and
Generate
revenues
Expansion
4.5 month acceleration for the top 10
• Each team gets seed capital of P500K
• Each team gets a grant of P500K that
covers the expenses
• Focus is on the 5 Cs of IdeaSpace:
Customer, Contracts, Contacts,
Conversion and Country
9. Inviting the ASEAN Countries to the Philippines
Location
Increase
Diversity
of
Experience
s and
Network
1.
2.
3.
1.
Global
Standard
All-English
Program
First
Pacific
Group
footprint in
SEA
2.
3.
1.
2.
Diversity Breeds Innovation: Bring the world to
the Philippines
Grow the Network within the region as
preparation for ASEAN 2015
Multi-cultural class for market expansion
opportunities and cross-culture learning
Use Philippines and a pilot ground for the rest of
the world with a base of 100M people
English speaking country that could help
innovations scale across Southeast Asia
MBA-level courses and mentors that are top
notch in the region and the world (EIR Program)
First Pacific Group has presence in the
Philippines, HK, Vietnam, Singapore,
Myanmar and Indonesia
Infrastructure, energy, telecom, technology are
all needed in emerging SEA and would be
able to tap into regional network of resources
Source: Development of Labor and employment, UNCTAD
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10. Buzzing filipino startup ecosystem
Idea Flow
Players
R&D
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•
Valuation
Investment
Size
Idea to
Product
DOST
Develop Net
PhilDev
ITSO
Techtalks.ph
Google
Developers
Group
Startup
Weekend
•
•
•
IdeaSpace
LaunchGara
ge
Hack2Hatch
Market and
Acquire
initial
customers
•
•
•
•
•
Started after
late 2011
Scale and
Generate
revenues
KickStart Ventures
Hatchd
Wireless Wings
Oxygen Capital
ON3/PlugandPlay
Expansion
•
•
•
•
•
< $100K
< $500K
< $2-5M
$10 50K
~ $100K
ICCP
Narra
Venture
Capital
Brummer and
Partners
Bonifacio
Capital
Nova
Founders
> $5M
~ $500k
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11. IdeaSpace backed up by First Pacific Group
Corporate Network Across SE Asia
Background
IdeaSpace is tied to First
Pacific Group, one of the
biggest conglomerates in
Asia
• >$10Bn annual
revenue in aggregation
• $5B Market Cap
standalone
• Listed in NYSE
First Pacific committed
$12.5M to IdeaSpace
over 5 years with
strong human resource
support
IT and Telecom
Infrastructure
Agriculture
11
12. Thank you to 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
DOST TRC, TAPI and ICTO Office – to support start-up ecosystems
Stanford GSB Global Group – MBA intern funding from Stanford
National Instruments – Enrollment in Planet NI Program
Freelancer– P10K in Freelancer Credits
Cloud-based ERP Software for IdeaSpace and start-ups
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13. Apply to 2014 Cohort
Calling all Technopreneurs! Please Tell Your
Friends!
• Deadline to apply in mid-January 2014
• Application is now available at:
– Apply.Ideaspacefoundation.org
– Facebook.com/ideaspaceph
Notes de l'éditeur
TimeFree, PortfolioMNL,Arthrologic, Tudlo, theKard, PinoyTravel – with customers