A recent partnership has been formed to enhance an incubator’s program by equipping Philippine start-ups with innovative solutions.
According to a recent report, the partnership between the Asian Institute of Management-Dado Banatao Incubator (AIM-DBI) with Microsoft Philippines is a strategic step in developing the start-ups at The Incubator.
AIM-DBI is the country’s first incubator housed in a business school. It is also backed by the Department of Science and Technology-Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD).
A physical space is allotted for start-ups under the setup. This space will allow the start-ups to create their technologies and run their businesses.
The Incubator provides needs-responsive and progressive programs that are geared toward start-ups, having science, technology or engineering backgrounds, which introduce new alternative solutions to existing and emerging problems.
The development of an alliance between the two was timely as the Philippine government, led by the Department of Science and Technology (DOST), is starting to develop local start-ups.
The Department of Trade and Industry (DTI) estimates the number of local start-ups to be around 500 companies.
The tech company’s expertise in cloud solutions will allow the start-ups to constantly improve their business processes and services to be customer-intuitive and responsive while being technologically advanced.
As part of the incubator program, a group of AIM professors and various industry leaders will provide progressive service programs.
These programs will include world-class mentorship, customised trainings and a start-up management program that will best fit their actual needs.
In addition, the program also offers rent-free office space and access to the business school’s campus facilities to aid the start-ups as they develop their day-to-day operations.
The curriculum being offered by the partnership will keep track of the progress of each start-up through three progressive program phases: the Nesting Program, the Building Program, and the Scaling Program.
The Nesting Program will assist the start-ups digitally through cloud tools.
Meanwhile, the Building Program will deliver technology architecture creation, and peer-to-peer collaborative consultation and building.
The Scaling Program is the final phase, which guarantees that start-ups are market-ready for selling through the tech company’s network of business partners.
A start-up that is already reaping the fruits of the partnership is the Futuristic Aviation and Maritime Enterprise Inc. (FAME).
Currently operating under the Building Program, it provides hardware and software platforms, which track the location and activity of general aviation aircraft and small boats.
The tech company is boosting the start-up with its product.
The product optimises the start-up’s solutions allowing it to receive and retain data, including speed, location, sensor data, messaging and estimated time of arrival (ETA) of airborne and maritime vehicles.
The start-up will also be maximising the tech company’s business analytics tool, which will be integrated into its operations.
This will provide easier management of information being transmitted from devices and sensors, thereby making data easier to process into useful business insights.