CTIC Dakar — West Africa's First Public-Private ICT Incubator
Senegal
CTIC Dakar, founded 2011 with OPTIC, the Senegalese government, World Bank/IFC and Orange/Sonatel, has supported nearly 4,000 project leaders and …
Good practice
Imported
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QBO Innovation Hub — Philippines' Multi-Agency Startup Accelerator
Philippines · Makati · See the Philippines profile
Evidence: Descriptive / self-reported Top 18% 81/100 · Ask Evidence Copilot about this practice
Founded in 2016 by IdeaSpace, J.P. Morgan, DOST and DTI, QBO grew to 540+ member startups, 10,000+ members and 240+ partners by 2021, disbursing ₱167m+ in funding assistance and reporting 2,000+ jobs generated; its Startup Pinay programme lifted female founder sign-ups 64%.
540+ startups
Member startups (Sept 2021)
167 million PHP
Funding assistance disbursed (by Sept 2020)
240+ organisations
Partner organisations (Sept 2021)
80,000+ participants
Programme participants (cumulative to Sept 2021)
64 %
Increase in female founder sign-ups (Startup Pinay) (cumulative)
2,000+ jobs
Employment opportunities generated (cumulative to Sept 2021)
Details
- Maturity
- Scaling
- Promoter
- QBO Innovation Hub (IdeaSpace Foundation, J.P. Morgan, Department of Science and Technology, Department of Trade and Industry)
- Period
- 2016–present
- Keywords
- Startup incubation, accelerator, public-private partnership, entrepreneurship support
Context
Based in Manila, QBO Innovation Hub launched in September 2016 as a public-private partnership between the IdeaSpace Foundation, J.P. Morgan, the Philippine Department of Science and Technology (DOST) and the Department of Trade and Industry (DTI), aiming to close early-stage funding and mentorship gaps identified by local founders (roughly 90% cited limited capital access and unfavourable regulation as major obstacles).
Objectives
QBO aims to close early-stage funding and mentorship gaps for Filipino startups by combining government agencies with a global bank and a foundation.
Activities
QBO runs national programmes reaching 27+ cities and includes a dedicated Startup Pinay initiative for women founders.
Results
By its 4th anniversary (September 2020) QBO had disbursed over ₱167 million in funding assistance to a community of 421 startups and 7,700 members, backed by 205 partner organisations. By its 5th anniversary (September 2021), those figures had grown to over 540 member startups, 10,000+ members, 240+ partner organisations, and more than 630 programmes reaching over 80,000 participants across 27+ cities; QBO said the startups it supports had generated over 2,000 employment opportunities. The Startup Pinay initiative reported a 64% increase in female founder sign-ups.
Conclusions
Aggregate figures (employment generated, revenue/investment totals) are self-reported by QBO through press releases rather than externally audited, and no independent impact evaluation of the hub was located.
Implementation
- Indicative cost
- Medium (€50k–€500k) — ₱167 million+ in funding assistance disbursed by the 4th anniversary (2020); funded jointly by public and private partners.
- Time to results
- Medium (1–3 years) — Launched September 2016; a new fund was reported to launch in 2025.
- Staffing & skills
- Multi-agency founding partnership: IdeaSpace Foundation, J.P. Morgan, Department of Science and Technology (DOST), Department of Trade and Industry (DTI), 240+ partner organisations by 2021
Conditions for success
- Multi-agency public-private founding partnership combining two government departments (DOST, DTI) with a global bank (J.P. Morgan) and a foundation (IdeaSpace)
- National roadshow model extending reach to 27+ cities
- Dedicated Startup Pinay track for women founders
Common failure modes
- Aggregate impact figures (jobs, revenue/investment generated) are self-reported by QBO through press releases rather than externally audited, and no independent impact evaluation of the hub was located
Where it fits
- Governance type
- multi-agency public-private partnership
- Scale
- national (Philippines), 27+ cities
Commonly funded by
National / regional programmes
Indicative funding routes for practices of this type — always check each programme's current calls and eligibility rules.
Do you run this practice? Claim it — verified implementers get a public contact pathway and can propose corrections.
Data sources
Where this practice's information was retrieved from, and when.
- C-NAPSE web research — accessed 2026-07-14
- QBO Innovation Hub (IdeaSpace Foundation, J.P. Morgan, Department of Science and Technology, Department of Trade and Industry) — accessed 2026-07-14
- BusinessMirror — QBO celebrates 4 years, ₱167 million in funding assistance for start-ups — accessed 2026-07-14
- adobo Magazine — QBO Innovation Hub celebrates five years — accessed 2026-07-14
Attachments
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