IdeaSpace PhilippinesMulti-industry start-up incubator to help solve the biggest issues in the emerging markets

Earl Valencia (@earlvalencia)- President, IdeaSpace Foundation

- Head, Corporate Innovation, SMARTIdeaspacefoundation.org; @ideaspaceph; www.facebook.com/ideaspaceph

IdeaSpace by the Numbers

16 5 6

Investments made across multiple industries

Number of patents that have been filed or will file within 2013

150k

Students and professionals who have listened to an IdeaSpace technopreneur talk

Number of incubatees with companies that have launched, One of which will has $100k in revenue

Who have we invested in?1. ARMTech – Water Purification Machine using nanotech2. Arthrologic – Joints for the Asian Market3. PortfolioMNL – Linkedin for Creative Professionals4. WeGen – New more efficient windmill design5. TimeFree – SMS based queing system6. PinoyTravel – provincial bus reservation system7. theKard – Promos on the go using analytics8. DateCola – natural-enriched beverage out of dates9. PGRS – Power Generating Rumble Strips10. Tech4Health – monitoring chronic patients via SMS and Apps11. Gen8.ph – Technologies to help people with disabilities12. Tudlo – Disaster Preparedness Application13. PageSnapp – Page to App in Snap14. SMS.AWT – Home Energy Efficiency Monitoring System15. OrangeApps – mobile-based education16. iRace.ph – Racing applications

Pilot in the Philippines. Scale to the World. Local Needs. Global markets.

• 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

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2013 Highlights

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)

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IdeaSpace as a full model accelerator/incubator

ExpansionScale and Generate revenues

Market and Acquire initial customers

R&DIdea to Product

Idea Flow

Find Ideas

Approach

• 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 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

Next page

What’s different in this year’s program

ExpansionScale and Generate revenues

Market and Acquire initial customers

R&DIdea to Product

Idea Flow

6 weeks incubation for the top 20

4.5 month acceleration for the top 10

• 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, By-

laws, SHA are done, and Invention Disclosure are done

• 3-day bootcamp

• 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

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Inviting the ASEAN Countries to the Philippines

Location Increase Diversity of Experiences and Network

Global StandardAll-English Program

First Pacific Group footprint in SEA

Source: Development of Labor and employment, UNCTAD

1. Diversity Breeds Innovation: Bring the world to the Philippines

2. Grow the Network within the region as preparation for ASEAN 2015

3. Multi-cultural class for market expansion opportunities and cross-culture learning

1. Use Philippines and a pilot ground for the rest of the world with a base of 100M people

2. English speaking country that could help innovations scale across Southeast Asia

3. MBA-level courses and mentors that are top notch in the region and the world (EIR Program)

1. First Pacific Group has presence in the Philippines, HK, Vietnam, Singapore, Myanmar and Indonesia

2. Infrastructure, energy, telecom, technology are all needed in emerging SEA and would be able to tap into regional network of resources

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Buzzing filipino startup ecosystem

ExpansionScale and Generate revenues

Market and Acquire initial customers

R&DIdea to Product

• DOST• Develop Net• PhilDev• ITSO• Techtalks.ph• Google

Developers Group

• Startup Weekend

• IdeaSpace• LaunchGara

ge• Hack2Hatch

• KickStart Ventures• Hatchd• Wireless Wings• Oxygen Capital• 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

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IdeaSpace backed up by First Pacific Group

Corporate Network Across SE Asia

Background

IT and Telecom

Infrastructure

Agriculture

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

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Thank you to 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

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

Partners Support

Cloud-based ERP Software for IdeaSpace and start-ups

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