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/