AIM teams up with Pinoy tech icon Dado Banatao for startup incubator program

By Rizal Raoul Reyes

To boost the development of startups in the country, the Asian Institute of Management (AIM) and Filipino tech pioneer Diosdado “Dado” Banatao have joined hands to launch an incubator program to encourage technopreneurship among Filipinos and promote inclusive economic growth for the country.

AIM president and dean Jikyeong Kang (left) and Pinoy IT guru Dado Banatao

AIM president and dean Jikyeong Kang (left) and Pinoy IT guru Dado Banatao

The business school is providing prime space for at least 11 startups at the second floor of the Acceed Building at the AIM campus in Makati City. Phildev, which Banatao founded and currently chairs, will manage the facility.

Dr. Jikyeong Kang, president and dean of AIM, said the presence of the Silicon Valley-based Filipino technopreneur in the program will make a big impact because of his wide expertise and achievements in technology innovation. “Our incubator has a rockstar in the person of Dado Banatao,” Kang said.

“Startups belong to the biggest drivers of the Philippine economy, micro enterprises and small businesses. Of the 99.6% of local companies that make up the backbone of the local economy, a mere fraction of a percent belong to medium enterprises. The bulk belongs to enterprises with less than 10 employees,” she added.

AIM, in partnership with PhilDev, received a P14.8 million in initial funding for the AIM-Dado Banatao Incubator under the Department of Science and Technology (DOST) Incubator Creation Program.

She said the incubator program will benefit the country as these startups can be the biggest engines of economic growth as they will receive world-class mentorship from technology visionaries such as Banatao.

Banatao founded several Silicon Valley companies, including Chips & Technologies, S3 Graphics, SiRF, Marvell, and Inphi. He is best known for pioneering two technologies that are widely regarded as the cornerstones of today’s PC: chipset and graphics acceleration architecture.

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Aside from providing qualified startups rent-free working space, Kang said AIM is willing to give them access to them a mentoring program and the expertise of its faculty and alumni.

“We do this in hopes of encouraging more angels and VC funds to invest as well as lowering the assumption-to-knowledge ratio of startups in the Incubator as painlessly as possible. As a management institute, AIM can do no less,” Kang concluded.

On his part, Banatao said the growth of the startups in the country can help reduce the growing poverty gap in the country. “We must encourage the people particularly the young to become entrepreneurs because it promotes economic inclusivity in the country,” he said.

He said the incubator program will bring only the best to develop world-class startup. “We will bring the fundamentals learned in Silicon Valley,” Banatao added.

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