Philippines gets new startup incubator to promote inclusive innovation

Asian Institute of Management president Jikyeong Kang presents a token of appreciation to Dado Banatao during the launch of the AIM-Dado Banatao Incubator in Makati City (photo from AIM Facebook page).

The Asian Institute of Management (AIM) and Philippine Development Foundation (PhilDev) have launched a new local startup programme – AIM-Dado Banatao Incubator.

PhilDev founder Dado Banatao, known also as the “father of semiconductor”, partnered with AIM “to promote inclusive innovation in the Philippines.”

The AIM-Dado Banatao Incubator is now the second startup incubator launched in the Philippines this year. Only last April, La French Tech group launched La French Tech Philippines to drive growth of technopreneurship in the country.

In 2015, several high-impact entrepreneurship programmes set shop in Philippines, namely US-based Endeavor, startup accelerator 1337 Ventures, and incubator Make a Difference (MAD) Industries, both from Malaysia.

AIM said, in a statement, the goal is to take in four startups to ensure focus, with practical and Socratic mentorship, based on AIM’s curriculum developed by founders for founders.

The new incubator is envisioned to become a hub for founders, angel investors, and venture capitalists from the ASEAN region.

Also read: New tech startups hub ‘La French Tech Philippines’ launched

“The betterment of the next generation will be enabled not by politicians, but by engineers and entrepreneurs rich in ideas for innovation, and by businessmen who know the dynamics of wealth accumulation,” Banatao said. “New ideas and business practices will be developed to enhance the probability of enrichment success.”

Meanwhile, AIM president, CEO and dean Dr. Jikyeong Kang believes the incubator programme is timely since the global spotlight is trained on Asia, and so the region needs managers, entrepreneurs, and leaders who deliver meaningful and sustainable growth to Asian business and societies.

Also read: Philippine govt urges VCs to invest in local startups

She said AIM also launched new programmes for individuals with backgrounds in startups, technology, engineering and medicine, including science, architecture, and agriculture.

“AIM’s new programmes are responsive to the emerging needs of the current landscape,” Kang said.

 

Also Read:

Philippines’ startup ecosystem faces several barriers, yet to take off: John Orrock, Future Now Ventures

Exclusive: US investment firm Capital Advisors aims to boost crowdfunding in Philippines

Spring.ph breaks 50 software startups target, adds 7 new firms to LaunchPad

Malaysian accelerator 1337 Ventures invests in 3 PH startups

Philippine govt launches first global ICT biz incubator hub

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.