THE IDEASPACE FOUNDATION, INC. THE PHILIPPINE’S LARGEST PRIVATE SECTOR-LED INITIATIVE FOCUSED ON EARLY STAGE S&T START-UPSEarl Martin Valencia, MEng, MBAPresident and Co-Founder, IdeaSpace FoundationVice-President, Corporate Development and Innovation, SMARTearl@ideaspacefoundation.org

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This was the innovation ecosystem in the PH in 2011

ExpansionScale and Generate revenues

Market and Acquire initial customers

R&D Idea to Product

• DOST R&D• PhilDev

• ICCP• Narra Venture

Capital

Valuation

Investment Size

Players

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

$10 -50K ~ $500k~ $100K

Idea Flow

Innovation Funding Gap

• Only the privileged/connected people get funding

• Tons of ideas never get commercialized

• Best brains rather leave the PH than stay

STARTED IDEASPACE TO ADDRESS THE EARLY-STAGE GAP IN 2012

Vision A new Philippine economy that is driven by technology,

innovation and entrepreneurship as a path to nation-building. Believe that anyone, anywhere with a great idea in the country

could be the “Next Steve Jobs of the Emerging Markets” Do it through 3 Major Initiatives

Inspire: Start-up Ecosystem and Community Building (over 90 events per year)

Incubate: Idea and Prototype Stage Start-up through an Incubator and Accelerator

Invest: Investing in the highest potential early-stage start-ups through a national competition (funded 38 companies from $25k-100k, filed 11 invention patents)

The foundation is supported by the First Pacific Group, a Asia-focused investment holding company focused on telco, agri, and infrastructure (constitutes 3-4% of PH GDP) with an initial commitment of $11M USD.

ONE OF THE MOST ACTIVE PRIVATE SECTOR SUPPORTERS TO ACADEME-BASED INNOVATORS

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2015: There is support for each stage in the PH

ExpansionScale and Generate revenues

Market and Acquire initial customers

R&D Idea to Product

• DOST R&D• PhilDev• ITSO• Techtalks.ph• Google• Startup Week• Startup Grind• Develop

Networks

• IdeaSpace• Founders

Institute• PhilDev/• USAID• PSIA

(Seed.ph)

• KickStart Ventures• Hatchd• Wireless Wings• ON3/PlugandPlay/STAC• 500 Start-ups (California)• Oxygen Ventures (Aus)• IMJ Venture (Jap/Sing)• ManilaAngels• Golden Gate

• ICCP• Narra Venture

Capital• Brummer and

Partners• Bonifacio

Capital• Omidyar• LGTVP • Monks Hill

Valuation

Investment Size

Players

Started after 2011

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

$10 -50K ~ $500k~ $100K

Idea Flow

2015 Start-up Competition Highlights• 1,028 team submissions

(+60% y-o-y)• 15 countries represented• A submission from every

region in the Philippines• 50% outside of Manila• Entrepreneurial energy is

spreading all through out the country

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Profile of Ideas – Solution to EM challenges

Mobile

Telec

m and I

T

Custom

er Se

rvice

Digital

Media

Transp

ortati

on

Health

care

Agricul

ture &

FoodEn

ergy

Water &

Techn

ologyMinin

g

18%18%

16%14%9% 9% 7% 5%

2%1%

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

• Strong mobile solutions using mobile app and software

• Impact Innovation presence to solve prominent emerging markets issues

Target on EM Social Issues2

1

2

1

Real-time energy monitoring system for SMEs and homes

Emergency light and mobile charger powered by salt and water

Virtual queuing system so people wont wait in lines

Real-time adjusting water pump to optimize water pressure for districts

THE KEY ELEMENTS OF INNOVATION ECOSYSTEMS

Technology Based Universities

Large Corporate Support to

Mentor and Pilot

Government Participation & Government Incentives

Attractive Location

Entrepreneurs motivated to start

companies

WHAT’S NEXT? A TRUE P-P-P FOCUSED ON INNOVATION: THE NATIONAL INNOVATION HUB WITH THE DOST

Technology Based

University

Large Corporate Support to Mentor and

Pilot

Government Incentives and

Support

Attractive Location and

Facilities

Entrepreneurs motivated to

start companies

FLOO

R PL

ANS

FabLab: HW Prototyping

Offices

CaféCoworkingSpaces (including DOST and Student space)

EventsHall for Classes and Capacity Building

CO-ORGANIZED WITH THE DTI AND DOST THE OFFICIAL START-UP EVENT OF THE APEC (OVER 1000 ATTENDEES)

WHAT IS MY CHALLENGE TO INDUSTRY?Support the Local “Up and Coming Entrepreneur”

Mentor the and provide expertise and talk about “battle scars”

Be an Angel Investors to their companies Let your companies pilot their technologies and be their

first customer

Support the National Innovation Center Initiative Be keynote speakers when the Innovation Center is up Sponsor a room (some having naming rights now) Actively look for opportunities to collaborate with

students, academics, and start-ups to help your business problems

MY CHALLENGE TO ACADEMESupport the Local “Up and Coming Entrepreneur”

Mentor students to consider entrepreneurship as a career Think about the commercialization path for student

projects and faculty research Invite industry on campus to co-develop and think of the

Incentives for entrepreneurs and corps to use your tech How to “give” before you receive (e.g. rev share or no

upfront cost to commercialize tech)

Support the National Innovation Center Initiative Host cross-university classes in these Innovation Centers Bring students to learn about Innovation Advocate for local Innovation Centers all across the country