IdeaSpace: Supporting Startups

Creating the Next Growth Story in the Philippines through Technopreneurship and Startups

Dustin RJ MasancayAssociate , IdeaSpace Foundation IncManila Director, Startup Grind

• 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

Philippine Statistics – What is Going on?

Need to Sustain Growth Through Technology and Innovation

Location

$ 426.5 Billion (Revenues)

GDP (PPP)

$ 250.3 Real GDP

(Philippines)

Source: CIA World Factbook; SV150 2012 San Jose Mercury News

$127.8

$124.9

$53.9

$44.8

$37.9

$36.9

$ 423.7 Billion(Philippines)

Why is Technology Entrepreneurship so important?

Background

a non-profit organization that advocates technology development, innovation and entrepreneurship as a path to nation building.

Who We Are

Working Together to Bring Technology to the World

ideaspace

Universities

Investors

Entrepreneurs

Engineers

CorporatesLaw Firms

Government and Non-

Profit

Infrastructure

Angels

Role Models

Seeking Promising Technology Ideas

• Find top ideas from the Philippines and SEA to invest and incubate for the

• Build and grow the technology entrepreneurship community in the Philippines to inspire more Filipino students to pursue an innovation-oriented career.

• Connect startups, potential partners, angel investors, VCs and other key ecosystem players

INCUBATE

EDUCATE

CONNECT

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

with an award-winning management team

Multi Industry Corporate Partners within the First Pacific Group

Budding PH Startup Ecosystem

• DOST• DevNet• DevCon• PhilDev• ITSO• Techtalks.ph• GDG• Startup

Weekend• StartupGrind

• IdeaSpace• LaunchGarage• Hack2Hatch

• KickStart Ventures• Hatchd• Wireless Wings• ON3/PlugandPlay

• ICCP• Narra

Venture Capital

• Brummer and Partners

• Bonifacio Capital

• Nova Founders

Valuation

Investment Size

Players

Started after late 2011

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

$10 -50K

~ $500k~ $100K

Idea Flow ExpansionRevenue and Break-even

ScaleR&DIdea to Product

IdeaSpace as a full model accelerator/incubator

ExpansionRevenue and Break-even

ScaleR&DIdea to Product

Idea Flow

Find Ideas

Approach

• Startup Challenge

Provide Capital • 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 Expertise • Provide legal support on incorporation, IP • Provide financial planning capability support• Provide technical support and mentoring from the executives of

First Pacific Group

Provide Facility • Provide office space in Makati• Provide housing for non-Metro Manila incubatees

Screening ideas from global standard level of competition

Tech

Stars

IdeaSp

ace

500 Start

ups

Y-Combinato

r

Harvard

Undergrad

1.0%1.4%

2.0%

3.0%

5.8%

Recent acceptance rates

* Source: Betabeat, Techcrunch, Gagaom, Harvard College

• For the class of 2013, IdeaSpace selected 10 out of 700 submissions

• The competition is up to par with global standard incubators

What we are looking for

CriteriaMarket Need Market need or clear customer pain

pointMarket Potential Business model and local and global

market sizeTechnology 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

Profile of Ideas – Solution to EM challenges

Mobile

Telecm and IT

Customer S

ervice

Digital M

edia

Transporta

tion

Healthca

re

Agricultu

re & Food

Energy

Water &

Technology

Mining

40%

34%

26% 26%

18%16% 15%

13%

9%

4%

Category of Idea (Based on submissions: Top 2 box)

• Strong mobile solutions using mobile app and software

• Social entrepreneurship, advocacy projects and non-profits presence to solve prominent emerging markets issues

Target on EM Social Issues

21

2

1

Example of Incubatees

ARMtech

MIRAND

TimeFree

PinoyTravel

Description

• 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

Our Management Team

Manuel Pangilinan

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

Our awesome interns

Additional third party/government support

Academic ITSO to assist patent search, patent filing

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

BizSpark: License forMS Software products during incubation

$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

Partners Support

ideaspaceideaspace 16

IdeaSpace Makati Office

Technopreneur Bootcamp Series

@ Ateneo Bootcamp

@ DLSU Bootcamp

@ UP Bootcamp @ JCI-MIT Bootcamp

Reaching out at the grassroots level to raise awareness about technopreneurship

Tech talks Team meetings and mentoring

Team presentations and judging

Technopreneur Bootcamp Series

ideaspaceideaspace 19

Top 10 Geographical Distribution

Population Density Map per ProvincePhilippines

Manila

Angeles

Cebu

DavaoZamboanga

Let’s Make Things Happen!

facebook.com/masancay

@dustinmasancay

ph.linkedin.com/in/dustinmasancay/