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The Innovation by Social Impact Fund Project (ISIP)

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PhilDev Foundation launches the Innovation for Social Impact Fund Project (ISIP), supported by the United Nations Development Programme (UNDP) and the Department of Foreign Affairs and Trade—Australia (DFAT-Australia). The objective of the project is to accelerate the development of innovations and formation of technology-based social enterprises in the Philippines. This is expected to contribute to broader inclusive economic growth in the country. 24 Social Enterprises (SEs) will be provided technical support and improved capacity to access capital and attract impact investors.

Anchored on three key strategies, ISIP will focus on Education, Entrepreneurship, and Policy Reform Advocacy. This includes building capacity of Higher Education Institutions (HEIs) and improving access to support mechanisms of targeted SEs and advocating policy reforms that will benefit the whole entrepreneurship ecosystem.

The project will also leverage and facilitate collaboration in the Science and Technology ecosystem through partnerships and linkages between and among local-based HEIs, relevant national government offices and the private sector.

 “Entrepreneurship is one of the fastest ways to diffuse wealth among Filipino people. It is the guaranteed way to achieve inclusive economic growth, benefitting everyone and not just a few elites” said Dado Banatao, Filipino tech innovator and the chairman of PhilDev foundation.

For more information about Phil Dev and ISIP, you may contact (632) 470 3668 or e-mail







TechHub Network Update

In 2016, a network of Technopreneurship Hubs or Tech Hubs was established by the Philippine Development Foundation (PhilDev) and the Commission on Higher Education (CHED). The main goal of these TechHubs is to foster innovation and entrepreneurship in various regions of the Philippines. Selected universities in strategic locations nationwide serve as centers for Technopreneurship Education to promote entrepreneurial thinking among students, and in the teaching methods of professors. These universities also function as hubs for neighboring Higher Education Institutions (HEIs) and entrepreneurship communities, fostering collaboration and sharing of best practices in the development of technology-based innovations and social enterprises.

At present, the first batch of TechHubs has started implementing projects that promote innovation and entrepreneurship. The expansion of the TechHub Network continues as more universities and technopreneurship centers emerge in the second batch of TechHubs which will start implementing projects and activities by 2nd quarter of 2018.  

Part of this expansion plan is an event on February 22-24 which includes assessment of the TechHubs’ implementation of their programs, reviewing the framework, and sharing of best practices. A Monitoring and Evaluation Workshop will also be held to support their effective conduct of results-based monitoring.

The 3-day workshop will be held in Best Western Hotel La Corona, Manila from February 22-24. Universities from Batch 1 and 2 TechHubs will be participating in the event.

Here is a list of the universities included in Batch 1 of the TechHub Network. Learn more about TechHub.

UC Berkeley tops 2017 Pitchbook Report



Originally published at Sutardja Center for Entrepreneurship and Technology News on October 23, 2017. Written by Catherine Li.

Located in the heart of Silicon Valley, the University of California Berkeley, is known for its extremely rigorous courses that encourage students to reach their full potential. This, along with a vast entrepreneurship network, is why UC Berkeley has topped PitchBook’s ranking list for entrepreneur count for three years in a row. PitchBook’s Annual Top 50 Universities Report provides an extensive overlook of the venture capital industry within the scope of universities’ programs. The recently released 2017-2018 edition includes data on the “Top Universities for VC-backed Entrepreneurs”, “Top Companies by Capital Raised”, and much more. Overall, UC Berkeley is notably the top public university on the list of undergraduate programs, coming in a close second to Stanford, with an entrepreneur count of 1089, company count of 961, and capital raised at $17,050 million.

Cal also came in second for the “Capital Raised” category. The top five companies that raised the most capital include: Cloudera, Zynga, Auris Surgical Robotics, Machine Zone, and Sapphire Energy. It is Auris Surgical Robotics’ first year on the list. The other four companies made it to the top of the last year’s list in the 2016 PitchBook report.

In the section for Female Founders, while UC Berkeley fell from second to third place from last year, the amount of capital raised by these women-founded companies is almost equivalent to that of Stanford, which is in first place. Last year, female-led companies of UC Berkeley alumni raised around $1,479 M, whereas this year they raised $1,678 M. This section features five top female-led Berkeley-associated companies: Sapphire Energy, One Kings Lane, Quantenna Communications, Terra Bella, and Millendo Therapeutics.

Within the Sector Breakdown category, UC Berkeley is ranked #1 with a total of 960 companies. The largest sector at 47.1% represents the fact that a majority of UC Berkeley’s companies have to do with software. Other highly ranked universities’ companies are mainly in the software industry as well.

Overall, PitchBook emphasizes the impactful nature of  investment funds and affiliations with VCs in surrounding areas “on the number of students that pursue their ambitions to start a company of their own.”  The network effect is prevalent in the venture capital industry, and the report aims to display the quantitative evidence behind the positive influence of entrepreneurial networks. Here at Berkeley, where a high emphasis is placed on the maintaining its robust entrepreneurial networks, The Berkeley Gateway to Innovation (BEGIN) initiative has curated a website for the entrepreneurship community on campus with lists of resources available at Berkeley to educate entrepreneurs, commercialize research, and advance startups.

Read the original article, here.


PhilDev Trustee Dr. Rigoberto Advincula Featured on The Global Filipino

Dr. Rigoberto Advincula is Full Professor at the Dept. of Macromolecular Science and Engineering, Case Western Reserve University. He is the Director of PETRO Case, a polymers for oil-gas consortium. He is Past-Chair of the Polymer Chemistry Division (ACS) and previous President of the Philippine American Academy of Science and Engineering (PAASE). He is also Trustee with PhilDev Foundation. Recently inducted member of the World Economic Forum, Futures Council.

He is Editor of Reactive and Functional Polymers and Associate Editor of Polymer Reviews. He has published more than 476 papers (H index = 59), 11 patents, and given more than 560 lectures and seminars. His area of research is in polymers, nanoscience, organic materials, hybrid materials, ultrathin films, polymers and additives for oil and gas, and corrosion: (1) synthesis of new functional nanomaterials capable of ordering at surfaces and interfaces, (2) application of surface sensitive spectroscopic, microscopic, optical, and electrochemical analytical techniques to understand ordering and phenomena, (3) devices and sensor applications of ultrathin films and particles, (4) biotechnology, (5) highly performance polymers and additives for fluids and coatings, and (6) sustainability engineering. He has been mostly been funded by the National Science Foundation, Welch Foundation, and several industry grants. He has had Visiting Professor positions at the Max Planck Institute for Polymer Research, Austrian Institute of Technology, Waseda University, McGill University, Tokyo University of Agriculture and Technology, and National University of Singapore. 

He is also most passionate with training young minds in science and engineering careers. He has trained over 26 Ph.D. graduates, 50 undergraduates, and 40 high school students. A number have become successful Professors, R&D Managers, Ph.D. students, and many have won awards in their presentations at national meetings during their time in his group.

Watch Dr. Rigoberto Advincula feature video profile GMA-7's popular show "The Global FIlipino".


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AIM-Dado Banatao Incubator

“Progress lies not in enhancing what is,” says Kahlil Gibran, “but in advancing towards what will be.” These words succinctly yet beautifully explain the concept of innovation. There is no doubt that the Philippines houses enough talent and brilliance to spur the nation towards a speedy increase in economic growth and self-reliance through innovation technology and entrepreneurship, but why have we yet to witness substantial headway?

In an effort to address the Philippine’s lack of support programs for startup entrepreneurship, PhilDev, in partnership with The Asian Institute of Management (AIM), launched the AIM-Dado Banatao Incubator last August 10. In attendance were Mr. Dado Banatao, Chairman of PhilDev and Silicon Valley innovator; Dr. Jikyeong Kang, President and Dean of AIM; and Hon. Fortunato T. de la Pena, Secretary of the Department of Science and Technology (DOST).

This incubator program received a grant of 14.8 million pesos in initial funding from DOST through its Incubator Creation Program—a continuation of sorts from DOST’s 2007 Filipinovation strategy.

“If you all know [with] startups, most of them[...]belong to the biggest drivers of the Philippine economy,” shares Dean Jikyeong Kang. “As crucial drivers of the Philippine economy, startups have such huge potential. They are small but agile and can pivot quickly in response to a critical and very demanding market.”

Since the incubator’s primary goal is to accelerate the development of the Philippine startup ecosystem and, in turn, open up more local opportunities for economic growth and stability through entrepreneurship, the selection process of participants places more emphasis on scalable startups that present technology, engineering and science-based solutions to many of the country’s neglected problems.

Guiding innovation towards progress

What sets the AIM-Dado Banatao Incubator apart from other already existing incubators and accelerators, besides it being a free on-site program based within the AIM campus, is the guidance from world-class mentors.

“[With] innovation being the primary drive behind the country’s economic development, colleges, universities and other learning centers are incubating ideas and new knowledge in innovation and entrepreneurship in their teachings. This form of practice of incubation in the classroom creates critical thinking in research, development, design and, most importantly, social learning in inclusiveness,” Dado Banatao says, in which inclusiveness refers to the proper sharing of ownership in the enterprise of money and intellect.

According to Banatao, entrepreneurship with inclusiveness successfully ingrained into practice is the fastest method of bridging the gap between the rich and poor by a swift diffusion of wealth in the population.

The Silicon Valley advantage

Aside from direct access to AIM’s faculty and alumni, it will also serve as a link to many leading businesses and industries, including successful entrepreneurs from Silicon Valley.

“I think you can probably say when we’re bringing in Silicon Valley experience and expertise, we are not talking about [something] superficial. We’re talking about people who are actually successful and actually made it there,” says Kang.

A veteran of Silicon Valley’s innovative entrepreneurial landscape, Dado Banatao says that from his point of view, the local startup ecosystem shares a lot of similarities from what he remembers of the early stages of Silicon Valley’s history. With this potential in mind, the AIM-Dado Banatao incubator will be heavily founded on a compilation of business knowledge and innovation, specifically addressing the risky beginning stages of startup entrepreneurship.

Banatao says that the trickiest period is what comes immediately after forming the team and obtaining funding: designing the product, where the expenditure of funding begins and escalates. “In my experience as an entrepreneur in Silicon Valley, this phase is the toughest with the highest failure rate in the life of a startup unless there is help from investors or friendly mentors,” Banatao shares, which emphasizes the advantage of having access to the minds of Silicon Valley heavyweights in this technology-driven society.

“What we are offering here today is an incubator with[...]more experiences in building technology-based, innovative and very successful companies from Silicon Valley. [But] while Silicon Valley is successful, we need to consider our own culture embedded in these practices of entrepreneurship, and that is what we intend to do here at AIM,” says Banatao.

“Startups can find a home for their wonderful business ideas here at AIM,” says Kang. “Let's put our heads together to make this the biggest incubator success this country has ever experienced.”


To know more about the AIM-Dado Banatao Incubator, click here.

Inclusive Innovation Conference 2017

The Inclusive Innovation Conference 2017 held at the Peninsula Manila on May 31 to June 1 2017 brought together stakeholders from the public and private sectors to better understand how to maximize the opportunities in the Fourth Industrial Revolution and consider ways to address the challenges for innovation in the country. The conference served as a venue to exchange ideas on possible ways forward to foster innovation among our firms and industries, develop our human resource, and enhance industry-academe collaboration.

To read more about the Inclusive Innovation Conference 2017, visit

PhilDev professors at Sutardja Center for Entrepreneurship & Technology (SCET) Berkeley Engineering

On November 19, 2016 PhilDev professors were featured on the Sutardja Center for Entrepreneurship & Technology (SCET) website. Professors Matthew Escobido, Donna Tabangin, Mary Jean Apor, Godelyn Hisole, and Erees Queen Macabebe shared their background and key entrepreneurship learnings during their stay at UC Berkeley. Read the article here.

"The goal of PhilDev, in sending such highly qualified candidates to UC Berkeley is to map the landscape of entrepreneurship, the methods of creating startups, and help spread them in Philippines, in an attempt to increase the knowledge community in the region. Each professor representing their universities was chosen in a highly competitive, geographically informed process so that at the completion of their research and training, PhilDev’s scholars can spread the Berkeley & Silicon Valley Method of Entrepreneurship to as many other academics back home as possible."

PhilDev, USAID, SCET hold 3-day bootcamp for Filipino professors

A three-day bootcamp to train Filipino engineering faculty in entrepreneurship pedagogy was held from March 28 to March 30 at the Asian Institute of Management, Makati City, Philippines. The event, which was sponsored by the Philippine S&T Development Foundation (PhilDev), the United States Agency for International Development (USAID), and the Sutardja Center for Entrepreneurship and Technology, Berkeley (SCET Berkeley).

PhilDev represented in APEC 2015

PhilDev Trustees Dado Banatao and Sheila Marcelo presented at APEC SME Summit 2015 inspiring the audience of their entrepreneurship journey in the US. In an ANC interview, Dado cited lack of risk taking and funding as factors that constrain entrepreneurship growth in the Philippines. He also gave an update on PhilDev's CloudTop Project and Engineering scholarships. Read more of APCE SME Summit here.

On November 18, 2015 SALt founder Aisa Mijeno spoke at APEC CEO Summit moderated by US President Obama. We know of Aisa and her brother Raphael when they shared their story at PhilDev IDEA Entrepreneurship Workshop at the University of San Carlos early this year.