Frequently Asked Questions
1) What is SANDBOXPH? +
SANDBOXPH is a virtual startup competition for Filipinos ages 16 to 24.
We empower young Filipinos to build disruptive startup companies by providing mentorship, networking, resources, and funding. Our purpose is to transform the Philippines into a prosperous economy.
2) Who's behind SANDBOXPH? +
Our team is composed of Filipino teenage startup founders and students from University of the Philippines (UP), Polytechnic University of the Philippines (PUP), Pamantasan ng Lungsod ng Maynila (PLM), Ateneo de Manila University, Mapúa University, etc.
Founders Bootcamp (Co-founder/Co-organizer)
Founder’s Bootcamp is the world’s largest startup program for teenagers.
Founded by Richard Dahan, serial entrepreneur and MIT-grad who has joined, founded, invested, or advised over 20 early stage startups; and Roger Kassebaum: Recipient of Milken National Educator Award, Presidential Award for Excellence in Science Instruction, American Institute of Aeronautics and Astronautics Foundation (AIAA), Educator Achievement Award, Pete Conrad Innovative Teacher of the Year Award.
Their students garnered millions of dollars of revenue and investment offers and have been accepted into prestigious programs like Y Combinator. This year, they're on track to have 100,000+ applicants from 6 continents.
3) What are the prizes? +
Top 24 Semi-Finalists will enjoy:
*Networking opportunities with elite founders and investors
*Mentorship from experienced entrepreneurs and experts
*Intensive live online workshops with Founders Bootcamp
*Official certification from SANDBOXPH
Top 6 Finalist will enjoy:
* PHP 10,000 as a starting budget to help them boost their startup
* Continued intensive mentorship with Founders Bootcamp
*Entitled to a chance to win the grand prize of PHP 100,000.00
*Opportunity to join the Founders Bootcamp accelerator program
The mentorship post-SANDBOXPH is directly offered by the founders of Founders Bootcamp (Richard Dahan or Roger Kassebaum), or any other affiliate or associate who they may appoint. The duration of the mentorship as well as entry (or non-entry) to the accelerator program is at the sole discretion of Founders Bootcamp, and is subject to, amongst others, readiness of the team, feasibility of the business plan, and milestone performances.
4) Who can join? Do I need a team/idea? +
Any Filipinos aged 16 to 24.
Being a student/technologist/entrepreneur is not required.
Passion for learning and solving problems is what's important.
You need an idea that's powered by one of these 5 pillars.
5) What's the process and timeline? +
I) March 22 and April 8 - Sign up by Filling up the team and individual registration form.
II) April 8 to 16 - After submitting, we'll send a link to your email/mobile number where you can submit your team's pitch deck and video pitch.
III) April 19 - Announcement of Top 24 teams(Semi-Finalists).
IV) April 19 to May 8 - Semi-Finalists will undergo intensive mentorship to further develop their startup and pitch deck.
V) May 9 - Elimination Day + Announcement of Top 6 (Finalists).
VI) May 9 to 30 - Finalists will receive 3-week intensive mentorship from Founders Bootcamp to accelerate their startup.
VII) May 31 - Demo day.
6) What are the criteria for judging? +
In selecting the Top 24, we look for:
Traction - what have you done so far? (# of users, # of sales transaction, product stage)
Market Opportunity - is your product/service really needed?
Feasibility - will your team (with some learning and help) be able to make this product/ service?
Innovativeness - is your product/service's unique value proposition clear?
Note: The above are indicative only and the co-organizers reserve the right to make changes to the judging criteria. The selection decisions lie at the sole discretion of the co-organizers and the co-organizers are not obliged to disclose or provide any reasons for their decision.
7) Is it free to join SANDBOXPH? +
Yes, the whole SANDBOXPH program is FREE. No Participation Fee.
8) What are the guidelines for the pitch deck? +
Sample Pitch Deck:
9) What are the guidelines for the video pitch? +
Intructions for the Video Pitch:
#1: The video should be less than 3 minutes long and only 1 or 2 of the team members must present.
#2: Please be reminded that this is not the place to talk mostly about your product but the whole pitch presentation. Please be reminded that this is not the place to talk mostly about your product but the whole pitch presentation. Keep your discussion about your product simple, clear and direct.
#3: Your pitch video must be uploaded on youtube. Don’t mark it as private or disallow embedding on YouTube, or we won’t be able to see it.
#4: Please do not recite a script written beforehand. Just talk spontaneously as you would to a friend. People delivering memorized speeches (or worse still, text read off the screen) usually come off as stupid.
#5: Please do not add any background music to your video.
#6: Watch your own video before submitting it. Make sure you can hear what you are saying. If you’re going to apply at all, you may as well apply with a video we can hear.
10) Do you give feedback on application results? +
Unfortunately, we don't have time to give feedback to everyone.
11) Will you steal my idea? +
The short answer is NO. The long answer is:
#1: Ideas are worth very little compared to execution and team. Search for worthy problems instead of solutions, given that you'll likely pivot your solution multiple times. Don't just take it from us; here's what Silicon Valley legend Paul Graham has to say on the subject: http://paulgraham.com/start.html
#2: Your idea is probably not your idea. If your market is sufficiently large, somebody else has probably thought of your solution already. Incidently, having direct competitors is often a good sign, as it represents both validation of the need and proof that any barriers are overcomable.
#3: The expected risk of somebody else copying your idea is almost always exceeded by the expected value of acquiring users, connections, and partners, for which you need to spread the word.
#4: Somebody WILL copy your idea if it's good enough, once you launch. So any viable go to market strategy must incorporate sustainable competative advantages. If you are relying solely on being the first mover and have no protectable moat after that, you are probably the wrong team to be making your product.
Therefore, to participate in our program, expect to share your core idea early and often. With that said, be smart about it: hard tech like source code, complex algorithms, and pharmaceutical formulae should probably remain trade secrets. Moreover, filing a provisional patent application is not particularly expensive.
12) Where can I find online startup resources? +
Here are our favorite lists of resources for every part of the startup process:
13) What startup books should I read? +
What's better: a founder with 1 year of experience or 10 years of experience?
The answer: 1,000 years of experience. So many successful founders are prolific readers because there's no faster way to accrue decades of wisdom.
Although there are many, many valuable books related to startups, here are the 5 we recommend starting with:
#1: The Lean Startup
#2: Zero to One
#3: The Third Door
#5: Venture Deals
14) Do you take anything for prizes? +
Our cash prizes come with no strings attached. It’s equity-free. Enjoy!