The Master of Science in Innovation and Business (MsIB) Program Presentation for Companies July 2018
MsIB Program
What is MsiB A 10-month, full time program from AIM that provides the necessary business skills to turn technology-based ideas into businesses.
What is MsiB
Who is MsIB For • Fresh graduates, young professionals and experienced employees; • With a STEAM* education and passion for business and innovation; • And the ambition to build new customer-centered technology products for business and society as entrepreneurs or innovators in established companies. * STEAM stands for Science, Technology, Engineering, Architecture, Agriculture, Mathematics and Medicine
Who is MsIB For MSIB graduates can have the following career paths • Startup Entrepreneur • Employee in charge of disruptive innovation Lean Startup Coach, Innovation Analyst, Innovation Strategist, Innovation Consultant, Innovation Manager, Innovation Manager, Business Model Designer, New Business Development Manager, Innovation Catalyst, Change Agent, Innovation Engineer, Improvement Manager. Factors traditionally influencing job selection and opportunities: • • Pre-AIM Education Personality • • Industry Experience Personal life plans • Seniority
Measurable Learning • The capstone is an integrative report that captures ↘ The personality, ambition and traits of the student as an innovator. ↘ The ability to spot an opportunity and its market. ↘ The product or service and its value proposition. ↘ The business elements (business model, plan and structure) that are necessary to seize the identified opportunity thanks to the innovative product or service in a systematic and sustainable way. • A demo day ↘ Provides students with an opportunity to showcase their product or service (or related prototype) and pitch orally for their business idea. ↘ Relevant stakeholders, prospective customers, partners and venture capitalists are invited to discover and evaluate .
Measurable Learning Recognized by others • 76% of the pioneer MSIB class of 2017 received awards and recognition from industry, within and outside the country. • 9 MSIB alumni pursued their respective projects namely: E-Magsasaka, Arooga Health, A-Drone and Kezar Innovations Inc. • 13 job-seeking alumni were employed (inc. Accenture, Citibank, Insular, Voyager, Wattertek), most within 4 months from graduation. • Average salary multiplier is 2.5*. * Based on previous salary
Why it Matters 1. Demand for STEAM employees is structurally lower than supply in the Philippines. 2. Career progression of STEAM employees plateaus if they stay in technical positions. 3. Economic environment is more open, dynamic and structurally forces companies to disruptively innovate to remain competitive. 4. The Philippines enjoys consistent economic and demographic growth and is poised to be a major world economy (12 th ) in few years. 5. It shares many characteristics, risks and opportunities, of the emerging economies and makes Manila a good place to learn to innovate to tap the opportunities of those structurally untapped markets. 6. AIM is well connected with the business community, being strategically located in Metro Manila and has a significant alumni network globally. References: Higher Education Indicators. (2017). Retrieved from CHED: http://ched.gov.ph/higher-education-indicators/ Higher Education Graduates by STEAM Discipline and Institution . (2017, April 10). Retrieved from CHED: How Should I Pay . (n.d.). Retrieved from Payscale: https://www.payscale.com/ (2018). Retrieved from Jobstreet: http://www.jobstreet.com.ph/ 2017 Annual Labor and Employment Status . (2017, December 18). Retrieved from Philippine Statistics Authority: https://psa.gov.ph/statistics/survey/labor-and-employment/labor-force- survey/title/2017%20Annual%20Labor%20and%20Employment%20Status
Practical Information • End of January • 10 months / End of January to Mid-November • Asian Institute of Management, Makati City, Philippines • 19,500 USD (early bird is 17,500 USD until end of July) • More information: ↘ Facebook Group: AIM-Master of Innovation and Business ↘ Facebook Messenger: https://m.me/MSIB.innovates ↘ Email address: msib@aim.edu ↘ AIM Webpage: https://bit.ly/2KFj5Yo
Engagement Models
5 Opportunities Recruit
5 Opportunities Send Recruit
5 Opportunities Sponsor Send Recruit
5 Opportunities Sponsor Seed Send Recruit
5 Opportunities Sponsor Seed Co-Design Send Recruit
Engagement 1: Recruit 1. Reach out the Career Service Office (CSO) anytime > careerservices@aim.edu 1. Also attend the Demo Day or any other event 2. Select students and engage the conversation
Engagement 2: Send 1. Identify employees that can benefit from the MsIB program Ideal candidates do not mind taking risks, customer-centric; have extensive knowledge of the company’s target market, creative with some technical know-how; know the needs of the market and can come up with solutions/products to address these needs; initiate change and thrives working outside the traditional system. 2. Endorse employees to MsIB Recruitment Officer 3. Employees apply and go through the evaluation and selection 4. MsIB Recruitment Officer provides you feedback 5. If accepted to the program, the employee can attention the program and work on an innovation project for your company.
Engagement 3: Sponsor 1. Donate to offer the opportunity to students with a great profile and ambition, but financial limitations. 2. and get 100% tax deductibility with no limit.
Engagement 3: Sponsor Focus on Donation • THE AIM SCIENTIFIC RESEARCH FOUNDATION, INC was established on 21 November 1968 as a non-stock, non-profit organization to support the development initiatives of the Asian Institute of Management: • Promote, encourage, and sponsor/initiate scientific research and development projects which focus on the “nexus” of management and development issues in Asia. • Establish scholarships or professorial chairs to promote management and development in Asia. • AIM-SRF is accredited by the Philippine Council for NGO Certification (PCNC) -- an independent organization (recognized by the Philippine Government through the Department of Finance and Bureau of Internal Revenue) that certifies non-profit organizations that meet an established minimum criteria for financial management and accountability.
Engagement 4: Sponsor Focus on Donation • Benefits of donating through AIM-SRF • Seal of Good Governance – donors are assured that they donations are safe and utilized wisely and reputably. • Donee Institution Status – donors are exempted from paying the 6% donor’s tax. • 100% Deductibility from Taxable Income (no limit to the amount of donation) vs. donations to non-PCNC organizations, which have a limit of Php250,000 tax benefit. PCNC accredited SAMPLE COMPUTATION No PCNC accreditation organization Operating Income of the donor company 10,000,000 10,000,000 Donation of PhP1 million 1,000,000 250,000 Net Income before Tax 9,000,000 9,750,000 Income Tax 2,700,000 2,925,000 Plus 6% Donor's Tax n/a 60,000 Net Income Tax 2,700,000 2,985,000
Engagement 4: Sponsor Focus on Donation • Donation Criteria to Get the Tax Benefit • The Company or Individual makes a donation to AIM-SRF through grants, endowments, sponsorships, or in-kind contributions provided to support the following: Research Professorial Faculty Building and Scholarships Centers Chair Development Facilities • Tuition fee • Studies on key • Supports a • Enhance the • Expand and Sponsor areas of professor’s professors’ upgrade • Allowance or expertise teaching, training training stipend research opportunities facilities • Capacity- activities, and building • State-of-the-art further studies initiatives, equipment or facilities • Public forum • The donation made cannot directly benefit the donor by funding scholarships or training for employees or relatives of the donor.
Engagement 4: Seed 1. Attend the Demo Day (end of October) 2. Identify relevant innovation to the business 3. Engage the conversation with students to seed their venture
Engagement 5: Co-Design 1. Share areas for innovation that you want the students to explore at the beginning of the program 2. Students pitch their ideas 3. Select students 4. Students commit to work on it throughout the program and make it their capstone (deliverable). 5. Consider to recruit the students as well
Contact Us • Facebook Messenger: https://m.me/MSIB.innovates • Email address: msib@aim.edu
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