Impact Hub Manila Fellowship

FAQs

What is the aim of the Impact Hub Fellowship?

The Impact Hub Fellowship is a topic-focused entrepreneurial idea award designed to attract, select and support early stage impact oriented entrepreneurs and help them realize their innovations for a more sustainable world. On its second run in the Philippines, the program has now turned its focus on sustainable energy solutions in cooperation with Peace and Equity Foundation (PEF) and World Wide Fund For Nature (WWF).

 How does it work?

The Impact Hub Fellowship is open to innovators with the brightest ideas and enterprises around the globe to come up with disruptive and system changing business solutions on sustainable energy for the Philippines. The application period is from June 16 to July 24, 2016, Startups should submit their ideas on the Crowdicity page. Entries must be submitted by July 24, 2016 at 11:59 p.m.

Entrepreneurs with promising ideas and businesses are invited to share and and collaborate with the community to further develop their innovative solutions. Individuals or teams must download the business plan template and submit it via email to welcome@impacthub.ph to complete their application. The template can be downloadable here.

During the application phase, the team can collaborate and further develop their ideas by using the Crowdicity platform. To ensure that the teams are at their best, workshops on idea development and pitching will be conducted throughout this period. Apart from these capacity building trainings, the startup teams will have the chance to participate in Sprint Challenges to boost their ideas into the next qualifying stage.

A group of experts will select 17 qualified startups including the Sprint Challenge winners to pitch in front of a jury on August 6, 2016. The jury will announce six to eight finalists to qualify for the Cohort Phase. The finalists will then attend an entrepreneurship boot-camp called the KICK Program from August 8 to October 3, 2016.

The KICK Program is an intensive training boot-camp that is based on global best practices and experiences from over 29 countries including San Francisco, NYC, Amsterdam, Tokyo, and Dubai that had implemented it. The teams will then be evaluated on their participation and the development of their startup during the Cohort phase. The finalists will pitch their final output on October 8, 2016. Two to three teams will be awarded as Fellows of the program and presented to the media in a press conference on October 18, 2016. 

During the Incubation stage, the Fellows need to build a management team, register as a legal entity, develop and test a prototype and secure additional funding as well as customer contacts. The Fellows will win ₱2.5 million worth of fellowship prizes. This includes ₱1.5 million seed funding, skill development trainings, mentorship, access to a stimulating workspace at Impact Hub Manila and valuable networks.

Check the About page to keep yourself updated on the important dates.

 What kind of solutions are you looking for?

We are looking for solutions that could really have large-scale impact and disrupt the current system. Ideas should focus on any of the following areas:

  • Renewable Energy - e.g. energy that is from resources which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, geothermal heat or other solutions.

  • Energy Efficiency -  e.g. reducing the amount of energy required to provide products and services.

  • Access to Energy and Off-grid solutions - e.g. providing technology services which are less carbon intensive for cooking and heating, lighting and communications, and mechanical power for productive uses including off-grid power systems or others.

  • Energy Systems - e.g. transmission and consumption of power.

  • Energy Consumption reduction - e.g. reducing energy use in your home saves you money, increases our energy security, and reduces the pollution that is emitted from non-renewable sources of energy.

  • Anything else which you think has to do with Energy.

Who has ownership of the ideas that are submitted?

The businesses/entrepreneurs maintain full ownership of any ideas/concepts submitted to the challenge. Neither Impact Hub Manila nor any of the partners will take any shares or equity of the companies!


How do I submit my idea?

  • It’s very easy. In the Crowdicity page, click the button “Submit your idea.” You will first answer basic questions about your idea.

  • Next, you will submit your business plan. A template is available for you to download and use it to complete your business plan.

  • You can proceed  by pressing “Publish” and your idea is submitted. You need not to upload your business plan right away. You can always edit your answers to the basic questions.


Can I update my business plan?

Of course, you can make revisions and updates with your business plan. Make sure that you email us the final version by July 24, 2016 at 11:59 P.M..

What are Sprint Challenges?

One of the best features of Crowdicity as a crowdsourcing platform is the ability of participants to vote for the idea they like. The voting process is a powerful tool to assess and identify ideas that are advantageous and beneficial. To see how popular a submitted idea can be, there will be sprint challenges or short term challenges implemented throughout the application period. Schedules for the Sprint Challenges will be announced. 

The team with the highest votes in any of the 4 "Sprint" challenge deadlines will be automatically considered to pitch to a jury on August 6, 2016. Winners of the Sprint Challenges will be announced via email.


What happens to my information when I publish it? Can somebody steal my idea?

We believe in open innovation and that it takes multiple persons to develop the best ideas. The platform is open and can be viewed publicly. This is to facilitate discussion and feedback on the submitted ideas. This online platform and our program facilitate that process. However, the business plan portion of the submission will not be open to the public.


Who is behind this?

This Fellowship Program is organized by Peace and Equity Foundation (PEF), World Wide Fund For Nature (WWF) and Impact Hub Manila.

 

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PEACE AND EQUITY FOUNDATION

The Peace and Equity Foundation aspires to drive positive change in poor Filipino household communities by investing in social enterprises that will provide them with viable livelihood and better access to basic services. We work with partners who share this vision by developing models and best practices that will steer social enterprises to scale up. Founded in October 2001, our Foundation is the steward of an endowment fund and registered as a non-stock, non-profit organization based in Quezon City, Philippines.

  

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WORLD WIDE FUND FOR NATURE-PHILIPPINES

WWF-Philippines has been working as a national organization of the WWF network since 1997. As the 26th national organization in the WWF network, WWF-Philippines is successfully implementing various conservation projects to help protect some of the most biologically-significant ecosystems in Asia.

 

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IMPACT HUB MANILA

Impact Hub Manila offers access to inspiring work spaces, a vibrant learning community, startup incubation programs, corporate innovation workshops and entrepreneurial leadership trainings. With 15,000+ members in 81+ Impact Hubs across the world and 17 in the making, the Impact Hub Network has become the center of gravity for people innovating a new kind of economy. As a community, we are locally rooted and globally connected.

Impact Hub Manila was founded in 2015 as a for-purpose business model. Combining the best from an innovation lab, learning community and startup incubator, we provide a collaborative space to prototype the future of business.

Where can I find more information about the challenge?

After you register for the platform, you will automatically receive email updates about the challenge.  If you have any other questions, do not hesitate to contact the platform moderators through the message box on this platform or by email.


What are important dates to remember for the Challenge? 

  • June 16, 2016: Application opens.
  • June 22, 2016: Idea Development Workshop
  • July 22, 2016: Business Plan Workshop
  • July 24, 2016: Deadline for submissions
  • July 28, 2016: Announcement of Teams Pitching on August 6
  • August 2, 2016: Pitching Workshop of the Selected Teams
  • August 4, 2016: Submission of Pitch Decks 
  • August 6, 2016: Teams Pitching in front of the Judges
  • August 23, 2016: Start of the Cohort Phase 
  • October 6, 2016: Pitching for the Incubation Phase
  • October 18, 2016: Awarding of 2 - 3 Impact Hub Fellows
  • November 1, 2016: Start of Incubation Phase 
  • April 30, 2017: End of the Fellowship Program

I am not a citizen of the Philippines. Can I still apply?

Yes. You do not have to be a citizen of the Philippines to apply but you must be entitled to work and live in the Philippines. Your company should be or aimed to be registered in the Philippines.

I have a great idea which isn’t to do with Sustainable Energy Solutions, can I still apply?

One of the key criteria for the judging panel is how the applicant's idea addresses the challenge of Sustainable Energy. Therefore, it’s required that ideas submitted must solve problems on sustainable energy.

I’ve never started a venture before, or feel I have the skills needed. Can I still apply?

Absolutely! We encourage aspiring entrepreneurs but that said, we are looking for applicants who can articulate their idea, how they will develop it and in what capacity can they leverage on the support from the partners. This may include the development of a founding team to support the start-up.

Do I need to have run a trial / have a prototype / a business concept?

No. We are looking for people with bright ideas that can be developed into amazing social businesses. However, you will have to clearly communicate the viability of your proposed project / business. Equally, if you have run a trial or have a product prototype, this will not impede your application.

If you need help developing your business concept, we are offering a workshop on Idea Development on June 22, 2016 and another workshop to help you pitch on July 21, 2016.

I already have an incorporated company, can I still apply?

Yes, absolutely! 

What am I committing to when applying for the Fellowship?

In pursuing your idea (or an evolution of the initial idea) into a startup social business, we would be looking for at least 50% of your time to be spent on the idea/business. And of course, we’re looking for teams that convince us about being committed, persistent and able to succeed with their initiative. We would also expect the winning individuals or team to sign an agreement around the grant finance and communications of the Fellowship.

Will you accept single founders (i.e. no team yet)?

Yes. We will accept applications from individuals or teams. Just keep in mind that nowadays, it’s usually strong teams that are successful startups.

We are a team of more than one entrepreneur - will you still accept us?

If a team applies, or a team is already developing this idea, the awarded money is the same. Intent to build a team, and approach to doing this will be a critical component that we will look into throughout the application process.

What are you looking for in the ideas & individuals / teams that apply?

The jury will be looking for scalable, innovative solutions which address the challenge presented by high energy people with a desire to make a positive impact in this area. The selection panel will be judging:

  • Impact - How does your idea align with the topic? How do you see your enterprise affecting the community, the country and the world?

  • Viability - Overall cohesiveness of the business plan. And as much as we value the impact of your enterprise, your idea needs a viable path to profitability. Who will pay you for your product or service?  How many of those potential customers exist?  How expensive will it be to find them and close the sales?  How long can you afford to try and reach them?

  • People - We are looking for dedicated entrepreneurs, who are “all in” in this effort, and who are able to work well together as a team.

  • Leveraging resources - Utilization of the resources that Impact Hub & partners will offer

What are the prizes to be won by the Fellows?

The Impact Hub Fellows will receive seed funding, co-working space at Impact Hub Manila in 5 locations over Metro Manila, coaching and mentoring by experts and entrepreneurs and of course, networking with 15,000+ Impact Hub members in more than 81 Impact Hubs all over the world and 17 in the making.

 Who decides who wins?

There will be a short-list and judging panel made up of representatives from Peace and Equity Foundation (PEF) and World Wide Fund For Nature (WWF) as partner organizations, as well as experts in the field of sustainable energy. The jury will be announced in due course.

 What do we mean by social impact, and what are we looking for in a social business idea?

We mean an idea which; effectively tackles an important social or environmental challenge, targets a balanced triple bottom line around people, planet and profit, an idea that can be realized (in general and by the particular entrepreneur or team), potentially achieves systemic change, i.e. fundamentally changes the systems of how we live, socialize, do business, eat, work, travel, etc,, the idea is sustainable, i.e. socially, environmentally and financially viable.

 What happens after the Fellowship program?

All finalists will receive Impact Hub connection membership, which will allow them to engage with the local and international network and make connections as they see of value. Once the Fellowship Year for the awarded Fellows comes to and end on April 30, 2017, Impact Hub Manila would encourage the Fellow to continue being part of the community.

Although formal support will come to an end, Impact Hub has an extensive international and local network the entrepreneur(s) should be well embedded within by then. Also, depending on the development and support needed over the Fellowship year, Impact Hub and the partners will look into making valuable connections to follow on finance for the startup.

 

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