A RENOWNED IT pioneer teamed up with the Asian Institute of Management for an incubator program that promises access to a wealth of practical knowledge and expertise.
Diosdado “Dado” Banatao, the Chairman of the PhilDev Foundation and an IT pioneer is working together with AIM to provide startups in the Philippines, like the incubator program which is aimed to accelerate the development of startups and open more local opportunities for entrepreneurship.
The AIM-Dado Banatao Incubator Program is intended to support early-stage startups with deep technology, science or engineering solutions to the neglected problems of an emerging world.
“Aside from providing qualified startups rent-free working space, AIM will also gladly make accessible to them a mentoring program and the expertise of our faculty and alumni,” said AIM President and Dean Jikyeong Kang.
AIM, alongside PhilDev, received an initial funding of Php 14.8 million grant for the Incubator under the Department of Science and Technology Incubator Creation Program.
Kang added that micro enterprises and small business are the biggest drivers of the Philippine economy. Out of the 99.6% of local companies that make up the foundation of the local economy, a big portion of it belongs to enterprises which have less than 10 employees and just a small fraction belongs to medium enterprises.
“We believe that AIM’s being located in the Philippines is not an accident. At AIM, our motto is ‘Lead. Inspire. Transform.’ and the working out of that vision begins here, in the Philippines. One of the fastest ways we can achieve this is to give the country’s biggest economic engine the rare opportunity to benefit from the mentorship of global visionaries, such as Dado Banatao,” Kang also said.
Banatao is the founder of several Silicon Valley companies, including Chips and Technologies, S3 Graphics, SiRF, Marvell and Inphi. He is prominent for pioneering two essentials in the PC technology: the chipset and the graphic acceleration architecture.
The AIM-Dado Banatao Incubator Program has a rolling application without a deadline and the online application form can be found on the AIM website: https://aim.edu/dado-banatao-incubator