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.
“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.
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.