The First of Many: Impact Hub Fellowship on Innovation in Mobility with LBC
On March 29, 2016, SkyEye Incorporation—represented by co-founder Matthew Cua—was awarded as Impact Hub Manila’s first ever Fellow, entering a 9-month incubation phase, and receiving over P750,000 in support. This is just the first of many serial training incubation programs that Impact Hub Manila intends to provide entrepreneurs and fledgling start-ups.
For the pioneer installment of Impact Hub Manila’s Fellowship with LBC program, we sought young innovators with entrepreneurial ideas related to mobility for a chance to win up to Php 1 Million worth of Fellowship prizes. The grand prize included a twelve month living stipend, access to seed funding, focused skill development, valuable networks, and a stimulating workspace at Impact Hub Manila.
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The fellowship was executed in three phases:
PHASE 1: CAMPAIGN & APPLICATION
The application started from October 1 until November 15, 2015. During this phase, we invited everyone interested to benefit from an ideation workshop where they will learn how to conceptualize their idea with a clear business approach. From all applications received, 6 – 8 candidates were invited to a pitching workshop and later to pitch in front of a professional jury panel; where the 3 finalists were selected and who will then enter the cohort.
PHASE 2: COHORT
The cohort is an intensive 3-month acceleration phase. During the cohort phase the finalists ran through the business accelerator program called Kick to target the development of a full-fledged business model and/or prototype as well as other key competences and start-up skills. The finalists further gained access to a personal coach, valuable networks, and a stimulating workspace at Impact Hub. At the end of this phase, the Impact Hub Fellow was selected and who will now enter the incubation phase.
PHASE 3: INCUBATION
The goal for SkyEye during the 9-month incubation phase is to develop and test the prototypes, secure additional funding as well as customers and build a management team. During this phase, SkyEye receives significant seed funding as well as connections to peer entrepreneurs, coaches, and other valuable contacts. These relationships, combined with focused skill development and access to a vibrant community of change-makers in an inspiring work atmosphere, help facilitate the start-up of a thriving impact business.
Fellows initiatives get significant seed funding as well as connections to peer entrepreneurs, coaches, and other valuable contacts. These relationships, combined with skills training, help facilitate the start-up of a thriving social business. Furthermore, Fellows receive free Impact Hub memberships to access a vibrant community of changemakers in an inspiring work atmosphere.
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Who stood behind this program?
LBC is the Philippines’ market leader in courier & cargo, money remittance, and logistics. With a growing network of over 6,400 locations, partners, and agents in over 30 countries, LBC is committed to moving lives, businesses, and communities and delivering smiles around the world. LBC Business Solutions, its corporate servicing arm, has a network of over 100 delivery hubs and 2,000 personnel focused on providing cost-effective, reliable, and customized logistics solutions for any business size. Founded in 1945 as a brokerage and air cargo agent, LBC pioneered time-sensitive cargo delivery and 24-hour door-to-door delivery in the Philippines. Today, it is the most trusted courier & cargo, money remittance & logistics service provider of the Global Filipino. LBC can move it for you: visit www.lbcexpress.com, or call telephone +632 8585 999 (Metro Manila), 1 800 10 8585 999 (Provincial), +632 9086 522 (Solutions) and follow LBCExpress (Facebook and Twitter).
Impact Hub Fellowship is a topic focused entrepreneurial idea award and one-year incubation program designed to attract, select and support early stage impact orientated entrepreneurs and help them realize their innovations for a more sustainable world. Each Fellowship gets implemented by the collaborative effort of the key stakeholders.