IdeaSpace: Supporting Startups that Transform Lives in the Emerging Markets through Science and...

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Supporting Startups that Transform Lives in the Emerging Markets Dustin RJ Masancay Associate , IdeaSpace Foundation Inc Manila Director, Startup Grind

Transcript of IdeaSpace: Supporting Startups that Transform Lives in the Emerging Markets through Science and...

Page 1: IdeaSpace: Supporting Startups that Transform Lives in the Emerging Markets through Science and Technology

Supporting Startups that Transform Lives in the Emerging Markets

Dustin RJ MasancayAssociate , IdeaSpace Foundation IncManila Director, Startup Grind

Page 2: IdeaSpace: Supporting Startups that Transform Lives in the Emerging Markets through Science and Technology

Millennials (Generation Y) Comfortable with technology Fluid Intelligence Engaged in content creation Extremely impatient Optimistic that they can be changemakers

Source: Boston Consulting Group, Millennial Consumers

More likely attracted to pursue entrepreneurship as career option

Page 3: IdeaSpace: Supporting Startups that Transform Lives in the Emerging Markets through Science and Technology

Create sustainable solutions to the country and region’s most pressing problems

Select Development Sectors in the Philippines

Healthcare

Education

Governance

Transport

Food and

Water

Urban Developm

ent

Environment

Financial Literacy

Challenge:

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Impact-based incubator and accelerator fund that focuses on the needs of the billions of people who live in the emerging markets

Featured in Various Media

Corporate partners

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Portfolio Companies:

• 16 active startups :6 hardware, 10 software companies• 5 Patents filed or being filed• Heavy focus on Science and Technology

10 out of 16 – Youth-led*

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FUNDING BUSINESS EXPERTISE

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 and mentors in residence

Foot in the door to partners and donor companies

Introductions to potential strategic partners

Waived vendor accreditation within MVP group

Access to sponsored events

MARKET RUNWAY

FACILITY

Provide office space in Makati

Provide housing for non-Metro Manila incubates

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IdeaSpace Makati Office

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CriteriaMarket 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

What we are looking for

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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

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Arthrologic-low-cost and high-quality total joint implants for the Asian market

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www.pinoytravel.com.ph-provincial bus seat reservation system

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www.portfoliomnl.com-online marketplace for creative professionals

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TimeFree Innovations-SMS based automated queuing system

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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

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Now, it’s your turn…www.ideaspacefoundation.org

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Let’s Make Things Happen!

facebook.com/masancay

@dustinmasancay

ph.linkedin.com/in/dustinmasancay/