DBP extends financial assistance to AyalaTBI locators under its Retail Lending for Micro and Small Enterprise Program
The Development Bank of the Philippines (DBP) recently met with AyalaTBI locators as part of their efforts to assist businesses under the Bank’s Retail Lending for Micro and Small Enterprises. Present during the discussions were Mr. Romeo B. Carandang, Assistant Vice President and Ms. Leonore L. Tianco, who echoed the need to address the financing requirements of enterprises whose credit applications go unnoticed by commercial banks either because the loan request is too small or the collateral requirements too hefty.
For more information on the Bank’s program, please visit: http://www.dbp.ph/devbanking.php?cat=107
Last July 11, 2012 Ayala Foundation’s Technology Business Incubator (AFI TBI) hosted the first stop of the 7th Ambassadors, Consuls General, and Tourism Directors (ACTGD) Tour at the UP-AyalaLand TechnoHub. The ACTGD is a joint project of all Philippine Foreign Posts in the United States and Canada in cooperation with the Department of Foreign Affairs, Department of Tourism and the Department of Trade and Industry.
The program started off with Mr. Elmer San Pascual, Head of Promotions and Public Relations Office, PEZA briefing the delegation on the government’s efforts in promoting investments, creating employment, and generating exports. The Philippines has increased its competitive edge against other Asian countries as India, China, Malaysia, Vietnam and Indonesia because of its Filipino workers who are now being referred to as Global Knowledge Workers specially in the IT sector. AFI TBI showcased the talent and the potential of the country’s human capital by featuring the Kaspersky Lab 2012 Student Conference Global Cup Winners Joshua Arvin Lat, Kevin Charles Atienza and Rod Xavier Bondoc, fresh graduates of Computer Science, UP Diliman under Susan Pancho-Festin, PhD. This team was one of the two Philippine teams that won the Asia Pacific and EMEA part of the competition and was able to surpass the competitors from the regional grounds in North America, Europe, Russia and the Commonwealth Independent States, Middle East and Africa during the global cup at the Delft University of Technology in Netherlands. Lat and Bondoc impressed the audience with their winning entry: “SOUL System: Secure Online USB Login System”. This basically involves a two-factor authentication scheme using a password and a converted ordinary hardware token (e.g. USB flash drive, computer, cell phone) into a security token.
Start-up companies with the likes of BabyPips, TrafficDito, Symphony Consulting, and Systema Computer Solutions Corp also talked of their current undertakings in the incubation facility. IBM’s Research and Development Executive, Mr. Jay Sabido, capped off the event by sharing the multinational company’s view on the Philippines as a key growth market area. IBM’s presence in the country counts 75 years and its belief in the Filipinos’ capabilities and potential is one reason for this. IBM’s goal, according to Jay is help spur the tech industry in the country through new innovations that matter.
Over fifty (50) participants attended the workshop hosted by PCB Graphtech Philippines in partnership with the AyalaTBI to deliver the newest trends in PCB Design and EMI simulation held last June June 27, 2012 at the UP AyalaLand TechnoHub.
The Altium and the CST (Computer Simulation Technology) are solutions offered by PCB Graphtech to service EDA and PCB markets. The ALTIUM DESIGNER is an integrated Electronic Design Software (EDA) for industry, which has the capability to design and produce high-quality electronic products. A key feature is that PCB Design collaboration can take place amongst designers and engineers without compromising the integrity of the project.
CST Studio Suites, on the other hand, is a software that offers efficient and accurate computational solutions to electromagnetic designs for microwave & RF, EDA & electronics, EMC/EMI, charged particle dynamics, and statics & and low frequency issues – predicting radiation from electronic systems and signal integrity workflows.
The whole day event, was made possible through Mr. Vince Chua, PCB Graphtek Philippines and the speakers: Jonathan Yeo, Manager of PCB Graphtech Singapore, Doreen Carreon, Application Engineer for South East Asia, Dr. Klaus Khrone, Sales and Customer Manager (CST) and CT Chiang , Customer Technical Support Manager (CST). These tools are critical for the planned Product Development Center to be set-up by EAIPI and ASTI, in close coordination with DOST – PCIEERD. The Center will serve as a venue for the prototype and application of EMC/EMI standard testing for new product designs. By combining Altium’s 3D features and CST’s powerful and accurate EMI simulation, engineers will foresee design constraints and immediately be able to do iteration during the design process thus saving time, money and other valuable technical resources.
With the World Property Organization’s (WIPO) agenda to foster the development of appropriate, effective, and sustainable technology and innovation support services, WIPO Director, Dr. Francis Gurry, graced the launch of the Philippine network of Innovation and Technology Support Offices (ITSO) last March 22, 2012 at The Peninsula Manila. The High-Level Forum on Access to Global Technology event which ran from March 22-23 was spear-headed by the Intellectual Property Office of the Philippines for the launch of 39 ITSO Institutions, with Ayala Foundation TBI being one of them. These ITSOs or patent libraries are geared as IPOPHL’s extended institutions for the protection of IP and the development of a balanced and accessible intellectual property that will boost the Philippine economy through the safeguarding of our own innovations.
The Director General of IPOPHL, Mr. Ricardo R. Blancaflor also announced a new incentive pegged as Juan’s Thousand Inventions that will waive the patent filing and license maintenance fees for the first 1,000 innovations as a support to our Filipino investors. Mr. Blancaflor and the rest of the IP enthusiasts believes that this program will indeed encourage patent activity as well as further address the digital divide and knowledge gap within the country.
So now that Ayala Foundation TBI has been formally launched as one of the ITSOs, why not allow us to help Filipino innovators to a wide range of services that would help them benefit effectively from increased accessibility offered by internet searches through direct assistance and increase local technological base by building up local know-how.
Meeting Standards for Electronic Devices: An Update on Electromagnetic Compatibility and Interference
Electronic devices can be found everywhere, from the smallest hearing aid to the biggest trucks and airliners. These products are increasingly electronic in nature and to ensure these products work in harmony when they are in the vicinity of each other and other equipment, the design and operation of these products must meet certain standards.
Some devices transmit signals, some devices receive signals, and other devices like the cellphone, send and receive signals at the same time. The devices may also be sending or receiving signals intentionally or unintentionally, like in interference.
In all these cases, the electronic product must work properly or else they will not be marketable or worse, they can hamper the proper use and even safety of other devices and users.
Last March 2, 2012, a Kape + Teknolohiya session was organized by AyalaTBI-Ayala Foundation with the Electronics Industries Association of the Philippines, Inc. (EIAPI) on the latest in electromagnetic compatibility, electromagnetic interference and susceptibility or EMC, EMI/EMS for short, at the UP-AyalaLand TechnoHub.
Mr. ChinPoh NG from Singapore and his local counterpart Larry Mirasol both from Rohde & Schwarz, one of the vendors in this test and measurement field gave the talk attended by EIAPI members. EIAPI, Ayala Foundation and UP-AyalaLand TechnoHub are grateful to Rohde and Schwarz for sharing the insights on EMC testing and how a testing laboratory for the industry can be set up.
This event is part of EIAPI’s activities with the Department of Science and Technology (DOST) to set up a common product development center that will house design and development tools and equipment for electronics hardware and software development and testing. This center will help electronics companies in the Philippines design and manufacture electronic products that can pass local and international standards tests in this field.
What is a better way of spending the afternoon of February 22, 2012? Entrepreneurs, techies, experts and students were treated to an Innovation Forum on raising capital, a common problem shared by all at the Tech Portal, UP-AyalaLand TechnoHub, Commonwealth Ave., Diliman, Quezon City.
Due to growing concerns on technology commercialization and even more so, funding sources for start-ups, Maoi Arroyo, President & CEO of Hybridigm Consulting Inc. along with Liz Fumar, Associate Consultant, gave their take on Raising Capital The Hybridigm Way. Maoi Arroyo started off by reminding the audience that innovation does not stop with their inventions but with commercialization. She gave emphasis that with innovations looking as though the business’ “porn”, innovators should actually take into account what is desirable to users, what is possible with technology and what is viable to the marketplace. She also noted that the process by which Filipinos follow in doing business actually differs from the norm. A number of teams and start up companies she encountered, source out funds by first doing the pitch, followed by making the executive summary, then having the business plan. There is greater success rate when from the get go, start ups deal with commercialization goal.
Her talk included insights from her own experience on funding milestones of tapping friends, family, founders, and fools for seed capital, and of bootstrapping using your credit cards. She mentioned that venture capitalists’ game theory is that you only have to get one and it will create a domino effect. She was more than steadfast in reminding the forum guests that they should never fall into the trap of thinking that there is no competition. More importantly, it is not a matter of what you know in the long run but who knows you. A critical element in the success equation for start ups and entrepreneurs is the fact that funders will go beyond your IQ and EQ and will peer closely at the teams’ XQ, which is the execution quotient. In closing, she gave an important reminder to all that giving a great pitch is like going on a first date where you leave the other party wanting more.
The afternoon session continued with Liz Fumar and her presentation on valuation methods and valuation of IP for licensing and technology for start-ups. A quick introduction was made on how business looks at how much the technology / IP / product is worth. The audience went through valuation exercises to familiarize themselves with the process and the common tools applied.
A very engaging Q and A ensued where the audience was more than happy to bombard the speakers with questions. Amongst them were questions such as “How big the market should be?”, “What should their go-to-strategy be?”, “How much of their business’ equity should go to the investor?” The event came to a close in networking.
An Innovation Forum for Global Health Markets was held at De La Salle University last February 21, 2012 co-sponsored by AFI and ACCESS Health International with the College of Computer Studies (CCS), De La Salle University (DLSU).
Dr. Sherwin Ona, Director for Research and Advance Studies Office, CCS, who gave the opening remarks cited that among the many initiatives that the University had already undertaken, ICT for Health and Disaster Risk Management are top priorities. He welcomed the forum as an opportunity to look into areas that need focus such as maternal care considering the average of 11 casualties per day in Metro Manila alone due to maternal problems/cases. Dr. Elmer Soriano, Country Director for ACCESS Health International-Philippines emphasized the objective of the Forum which was for participants to be able to share strategies to convert university researches into commercially viable business plans and help solve the increasing problems and systems gaps on health care/services. More significantly, he challenged the students and faculty members to align their skills, talents, time and effort to help solve health problems.
William A. Haseltine, Founder of ACCESS Health International, a not for profit organization focused on facilitating access to high quality and affordable healthcare worldwide, challenged and inspired the students with the questions: “how do you convert your researches into commercially viable businesses so that you could earn money, and, how do you take your ideas into viable businesses?
He emphasized the need to have a goal and good use of talents, skills and resources to improve human health. To be able to excel in a particular area, students must look for mentors who are tough, mean, competitive and who can teach them to excel and convince people.
W. Haseltine mentioned that the partnership with Ayala Foundation’s Technology Business Incubator targets university-based researchers, start-ups, and technology firms to develop commercially viable health solutions to pressing health problems. The biggest sector in the US economy is health and it is considered a huge economic driver that offers wide opportunities for technology development.
Myla Rose Reyes, Managing Director of Total Transcription Solutions, Inc and former President of the Healthcare Information Management Outsourcing Association of the Phils. (HIMOAP) gave a talk on “Trends and Innovation Opportunities in Healthcare Information Management”. Two primary principles are: safety of patients is a priority, and, reduction on medical errors to save on operational costs. Strategies of successful health innovation models are: to customize patients’ needs, use technology to reinvent health services, train the workforce on technology application, and, standardize operating procedures for a more efficient service delivery.
The Innovation Forum ended with participants being apprised on health as a viable business, getting healthcare to remote areas; and the market size. On how the University can assist and support students to pursue researches towards entrepreneurial ventures, W. Haseltine advises creating affiliations with both junior and senior faculty members, having worked as a biophysicist, professor, inventor and entrepreneur. He worked with HarvardMedicalSchool and Harvard School of Public Health and founded seven biotech companies. He is holder and co-holder of over 50 patents.