At the end of the programme, a Demo Day will be held for the startups to meet and pitch in front of the investors. (Source: TechSauce), Batavia Incubator (Jakarta): Founded in Jakarta in 2011 as a joint venture between Rebright Partners, a Japanese incubator and Corfina Group, an Indonesian financial group. Indonesian insurtech firm nets $1m, emerges from stealth mode, Personal wealth-building app Pluang raises USD 35 million amid investment frenzy in Indonesia. A startup ecosystem is formed by people, startups in their various stages and various types of organizations in a location (physical and/or virtual), interacting as a system to create new startup companies. 7 building blocks to foster Indonesia’s startup ecosystem Andi S. Boediman is the managing partner of Ideosource Venture Capital . Found inside – Page 394At Google, Josh has been a global mentor for international startups in addition to his contribution to the development startup ecosystem in Indonesia. Its massive penetration, along with the presence of Uber and Grab, ignited a series of serious public debates on the disruptive impact of the tech challengers to the existing incumbents. Found inside – Page 340... of New Learning Organization in Indonesian Education Technology Startups Jann ... 3) a Thriving Ecosystem, a people-led system that enables its teams to ... With four unicorns (Tokopedia, Bukalapak, Go-Jek, and Traveloka), it is the country with the most unicorns in Southeast Asia. Leading international VCs were invited to take part in launching the program in Indonesia in 2016 by Indonesian President Joko Widodo. Include a personal note: /200. KaryaKarsa helps creators sell books, comics, audio and other digital goods directly to their fan communities - Publishing SaaS. Ecommerce and fintech are the two largest sectors among Indonesian startups, which will continue to grow due to the large digital market. Headquartered in Silicon Valley and with chapters across 60 countries, the Founder Institute’s mission is to “Globalise Silicon Valley” and build sustainable startup ecosystems worldwide. Founder(s): Anthony Sadeli, Jessica Hendrawidjaja, Richard Cahyanto. At the moment, Indonesia has nearly 147 million internet users (55% of their total population). Check out our Global Startup Ecosystem Database to discover top startups and ecosystem resources around the world! Hopefully, all these actions will be able to encourage the empowerment of prospective digital entrepreneurs in Indonesia through the use of the digital ecosystem owned by … Online Database of Startups. It is a network for startups in Singapore and Indonesia that want to expand into each other's markets. Cicil.co.id is a new-age financing platform in South East Asia. CONNECTING STARTUP ECOSYSTEM. Indonesian Startup Ecosystem Insights. Investment Structure: A micro-investment of US$5,000. Indonesia’s openness to engage players is a demonstration to their commitment to innovation. Sikatabis.com helps Indonesian consumers compare loans, insurance, investments, credit cards, and make smarter financial decisions. Indonesia is a market economy in which the state-owned enterprises (SOEs) and large private business groups (family conglomerates) play a significant role. *All request to connect will expire in 30 days and you can reconnect again. Discover great restaurants with beautiful food photos shared by diners Please see Guide to updating your fundraising information. Found inside – Page 153... E.: Indonesia is social: 2.4% of world's twitter posts come from Jakarta. Tech in Asia—Connecting Asia's Startup Ecosystem, p. 12 (2017) Greenberg, J., ... Please see Guide to updating your fundraising information. Ruangguru is a tech company it provides educational services. Shipper is a logistics platform that helps freight forwarders to deliver goods easily. With support from the government and especial encouragement to tech-related startups has accelerated Indonesia’s advancement into the digital economy. The Ministry of Science and Technology is the primary responsible unit for Startup Thailand. Antler’s Indonesian unit will look at inducting about 10 to 15 startups in its first cohort. Located in Jakarta. Moreover, according to Thomson Reuters, the global Halal product market is worth an estimated US$3.7 trillion. http://bootstrapmade.com ( Bootstrapmade ) is a marketplace where people can buy or sell premium themes and templates built using twitter bootstrap framework, a powerful front-end toolkit for rapidly developing web applications. Receives operational support from the agency for the Assessment and Application of Technology (BPPT). VC that invests across Fintech, Ecommerce, and logistics. (Source: Indies Capital), Indogen Capital (Jakarta): VC that focuses on investing in a wide range of startups. E-Signature, Identity Verification Service. Investment Structure: The program provides seed stage investment ranging from US$10,000 to US$50,000, but may differ in some special occasions. Midtrans empowers eCommerce through technology. Jakarta, Indonesia, 25 February 2021 – Microsoft today announced its Berdayakan Ekonomi Digital Indonesia initiative, which marks a significant commitment to advancing growth and digital transformation for Indonesia, its vibrant developer and startup ecosystem, enterprises, and the public sector. Indonesia also ranks at number 3 for startups in South East Asia. These late stage companies (such as Tokopedia, Lazada) have the financial backing of large investors. Invests in early stage tech startups. Widjaja, however, has had a lot to learn having been involved in Indonesia’s start-up ecosystem from the beginning. Found inside – Page 3420 Several OIC member states (e.g., Bahrain, Indonesia, Kazakhstan, ... have been supportive of its domestic Islamic fintech and startup ecosystem. For investors and startups looking to enter this market there is good news: (1) many existing successful players are foreign entities which goes to show that the government is keen to draw help from all quarters and (2) authorities are taking steps to ensure clear regulatory requirements to boost confidence. دانلود ویدیو. Indonesia Startup Ecosystem. Alan Hellawell. The reasons for … We aim to raise funds to procure OC and distribute it to medical facilities in and around Indonesia to support the response management of the Covid-19 pandemic crisis in Indonesia. Posted on January 4, 2021 January 6, 2021 by CoHive. با کیفیت 240p. With Startup Rising, he marries his own observations with the predictions of these tech giants to offer a surprising and timely look at the second stealth revolution in the Middle East-one that promises to reinvent it as a center of ... Viktor Kyosev, Greenhouse’s Head of Indonesia, interviews Retno Dewati, a venture capital alumnus and venture builder in Indonesia’s startup ecosystem.Since 2016, Retno has been active as a player and supporter for Indonesia’s startups. (Source: Inc42), Binus Startup Accelerator (Jakarta): A series of pitching-mentorship programmes in Jakarta for BINUSIAN active students. Learn how we build the first online startup database in Indonesia, while connecting startups with investors. It has its own co-working space, Freeware Spaces Group. You can watch the full video below. Are we missing something? Venture Partner, Alpha JWC Ventures. Hi Startup founders, BRI Ventures Indonesia Startup Ecosystem Guidebook 2021 adalah direktori yang mengulas secara lengkap tentang lanskap ekosistem startup digital di Indonesia. Today, he runs Telkom Indonesia’s corporate venture arm MDI Ventures with a $100 million fund. It helps stakeholders and the government make better policies and programmes, and attracts more investors. What makes the Startup Ecosystem in Indonesia such an optimistic place is credited to its size, growth opportunities, and vibrant startup ecosystem. As of 2019, Singapore had over $19 billion in PE and VC assets under management, more … As the fintech landscape in Indonesia is a highly fragmented sector, with no dominant player, we can expect to see consolidation and funding activities in the near future. Regulations will stabilize: Indonesia’s openness to engage players is a demonstration to their commitment to innovation. Browse StartupBlink Ecosystem Ranking Tables below the map, and discover how your country or city ranks in comparison to thousands of other startup ecosystems around the world. Founded in Jakarta in 2011 as a joint venture between Rebright Partners, a Japanese incubator and Corfina Group, an Indonesian financial group. Akulaku is a financial services provider for the urban working class in the SEA market. Southeast Asia’s largest economy, Indonesia, is seeing its AI startup ecosystem hit the maturity curve in the aftermath of the pandemic. The figures are expected to rise to between 17% and 30% in the next five years. This morning (11 September), many media outlets in, As the largest economy in Southeast Asia, Indonesia is a promising country that has gained the attention of many investors. All restaurants have off peak times with empty tables. As Razi Thalib, CEO and founder of Setipe.com (an app to find love in Indonesia, more on this later) explains, the percentage of Indonesian people that would qualify as critical thinkers is below the average in the region (according to a McKinsey study). (Source: TechSauce), Kejora Ventures (Jakarta): VC that invests across Fintech, Ecommerce, and logistics. 15. What is A Startup? Found inside – Page 70... an incubator and accelerator for nurturing start-ups that currently serves as the nerve center for the local start-up ecosystem. It houses startups such ... Ajisatria (Aji) Suleiman is one of the co-founders of the Indonesia Fintech Association (locally abbreviated as AFTECH) started in 2016. Digitaraya is a world-class accelerator focused on nurturing Indonesia’s next generation of startups. Found inside – Page 3The Philippine startup ecosystem jumped up 16 slots to 54 out of 100 countries ... outgrowing ASEAN ch business leaders Singapore d Indonesia 500+ startups ... Cancel. Indonesia’s AI startups ecosystem is growing up. If you are interested in working with us to drive global attention to your ecosystem, please contact Adam Bregu, Director of Business Development and Partnerships ([email protected]). Indonesia Startup Ecosystem. Ex-CEO of Rocket Internet-backed Carmudi hired to lead Antler’s Indonesian unit. BY :DIANA MARISKA. The Indonesia Startup Ecosystem is a regional Leader in innovation, ranked at number 45 globally, and shows a positive momentum 9 spots since 2020. That said, in terms of scaling internationally, discrepancies in global Halal bodies and interpretation limit the ease of cross-border business. Indonesia launches national pitch competition HighPitch 2020 to re-energize its startup ecosystem. Established in 2009, it has invested more than US$1 billion and manages over US$600 million in total assets, commitments, and co-investments, on behalf of institutional investors and private clients. We talk to Singapore-based East Ventures about the evolution of their Southeast Asian investment focus and the Indonesian start-up opportunity. (Source: TechSauce), Monk's Hill Ventures Indonesia (Jakarta): A venture capital fund investing in post-seed stage tech startups in Southeast Asia. AC Ventures is an early-stage technology venture fund that focuses on investing in Indonesia’s digital disruptors. An Ecommerce and RetailTech seminar held in Jakarta. Download our latest. Sign up for the Startup Universal newsletter for the latest locally-sourced news and insights covering startups globally. Startup Thailand: A national organization that was established to support and promote Startup and Startup Ecosystems in accordance with the policy of the National Startup Committee (NSC). SMDV has invested in Omise and HappyFresh. Editor’s perspective of the maturity level of talent in the ecosystem. Innovation Factory is a community-driven initiative with BLOCK71 Jakarta as one of its earliest projects. Knowing nothing about Indonesian politics, I’ll still predict that Jokowi will have a resounding win in the elections. In this capacity, Aji has been instrumental in managing regulatory advocacy to support the fintech startup ecosystem from peer-to-peer lending, payment system, and digital identity. It is held in Banten, west of Jakarta. is a fintech application that simplifies the management of finances. Fiscal incentives for industries that invest in vocational (200% tax relief) activities and research and development (R&D) activities (300% tax relief). There are 7 cities ranked in the top 1,000 in Indonesia and the top ranked city in Indonesia is Jakarta at 34 globally. Through a friend Instagram LinkedIn Email Referral Search Engine Other. (Source: TechSauce), Venturra Capital (Jakarta): Corporate VC that focuses on early stage tech startups in the e-commerce, FinTech, HealthTech, and EdTech industries. (Source: Skystar Capital), SMDV (Sinar Mas Digital Ventures) (Jakarta): Corporate VC under the network of Sinar Mars, a company that produces paper and palm oil, which has turned to investing in tech startups. Receive weekly offers tailored to what you have qraved. We can help with accepting and sending payments across the region. All signs point to an enormous demand for credit to fuel consumption growth, which the incumbents cannot meet. With 43 VC investors so far joining as judges and mentors, HighPitch 2020 aims to reconnect investors with young startups across the country amid Covid-19 A quick search instantly displays recommended offers based on your desired cuisine, location or restaurant. Notable Startups Incubated: Starnesia, Ennouns, Info Diskon. Will GoTo’s SEA story entice enough investors? August 12, 2021 . Offers pre-Seed funding, AWS business support and coworking spaces across the country. It has its own co-working space, Freeware Spaces Group. (Source: Digitaraya), FasterCapital (Dubai): Accelerator based in Dubai and has partnered with local startup players in Indonesia including Eri Taruna and Itho Suryoputro. Director General of Informatics Applications at the Ministry of Communication and Informatics (Kominfo), Semuel Abrijani Pangerapan, said the government has built a foundation to support the growth of the digital startup ecosystem in Indonesia. (Source: GnB Accelerator), Grupara (Jakarta): Initially a VC firm, Grupara introduced its incubation facility in 2012. LinkAja is an electronic-based service that makes your financial transactions more exciting. Huawei said the investment would go towards its Spark Programme in the Asia Pacific region, which aims to build a sustainable startup ecosystem for the region over the next three years. Found inside – Page 59The Philippine startup ecosystem jumped up 16 slots to 54 out of 100 countries ... outgrowing ASEAN ch business leaders Singapore d Indonesia 500+ startups ... In terms of the maturity of the startup ecosystem and digital economy among Southeast Asian countries, Singapore is the leader, followed by Indonesia, Malaysia and Vietnam, according to … (Source: CoHive), Menara by Kibar (Jakarta): Co-working space that has partnered with Google Entrepreneur to be an incubator for tech startup entrepreneurs. The announcement came only two days after the inauguration of President Joko Widodo, who has been a strong supporter of the digital economy since day one of his administration. Found inside – Page 65In this sense, the importance of stakeholders in the ecosystem of social ... for startups in Indonesia as many venture capitals are starting to shift their ... We expect that the regulations will further tighten as the market matures, and will eventually stabilize. Notable Startups Incubated: EFishery, Gimmie, ACommerce, Bhinneka.com. Include a personal note: /200. Flip.id operates as a platform that helps to send money securely without any transaction fee. Dekoruma is a technology startup that offers inspirations for a dream house and decor for an affordable price. Notable Startups Incubated: Bukalapak.com. As the largest economy in Southeast Asia, Indonesia is a promising country that has gained the attention of many investors. Less time, less pain, less resources. (Source: Inc42), Plug and Play Indonesia (Jakarta): A global startup accelerator. Notable Startups Incubated: CaterInc, JobMine. He visited Silicon Valley to meet with tech leaders, and invited Alibaba’s Jack Ma to be an advisor to his digital economy policy agenda. Help us showcase this ecosystem by suggesting additional content. INDONESIA and Malaysia will work together to develop both countries’ digital economy and startup ecosystem. (Source: Inc42), Indigo Incubator (Bandung): Founded in Bandung in 2012 by Paul Sangeet Choudhary, Ramu Manusama, and Arif Widhiyasa, the incubator runs a programme called Indigo Nation under Startup Digital Indonesia, under which it offers the incubated startups mentoring, market access, API support, access to global accelerators and incubators, and coworking spaces in Indonesia, across 15 cities. PrivyID is a digital signature application that provides document management and identity verification solutions. The organization also manages an early-stage startup fund and establishes partnerships with other organizations and companies to foster technological innovations, empowering both Indonesian as well as International startups through a series of … This is … Aims to allow Indonesia to adopt greater levels of automation and utilize the technologies of the Fourth Industrial Revolution (4IR). Its target is to update participants on the latest trends and connect the Indonesian community with the rest of the world. *Updated with latest available data based on listed source. This global co-working space entered the market by merging with Spacemob, a co-working space in Indonesia. The Indonesian government, investors and (other) market participants are optimistic that Indonesia’s tech startup company ecosystem is becoming stronger and stronger, and thus allows for the blossoming of more tech startups. In this book, Brad Feld captures the essence of what drives the creation and development of startup communities and provides a clear road map for everyone interested in expanding the entrepreneurial ecosystem wherever they live." —Aneesh ... Keishi Suzuki: Promoting the Startup Ecosystem for Indonesia & Japan’s Economic Growth. Most of the top e-commerce companies are at the early stage, with a handful managing to reach the growth and late stage. (Source: Alpha JWC Ventures), ANGIN (Angel Investment Network Indonesia) (Jakarta): Connects startups with angel investors within the community. Their investment mandate is in tandem with Telkom Indonesia’s interests. Unicorns from Indonesia have barreled forward at a stunning pace, but the majority of startups are still not at the level of quality common in more advanced ecosystems. 3 thoughts on Southeast Asia’s labor trends from Seek Asia CEO Peter Bithos, Indonesia’s tech firms are bringing in big names, Indian edtech decacorn Byju’s may file for IPO by mid 2022, US$100 billion internet economy market by 2025, and with that the largest market size in SEA, The average Indonesian spends 4 hours per day on mobile internet which is worldwide considered to be 10th among internet engagement, Very young population with a median age of 28.3 years, Tightening of regulations such as limiting payment company licenses, Unstable currency: the Rupiah has been one of Asia’s worst performing currencies in recent years, especially in 2018. As Indonesia's first curated online store, Shopdeca.com aims to bring design to the people. Investing in Impact: Opportunities, Implementation, and … Found inside – Page 213Retrieved November 6, 2018 (https://inc42.com/indonesia/startupweekend- bali- indonesia- winners/ ). ... “Entrepreneurial Ecosystem Building Playbook 2.0. An institutional and independent VC with a strong Indonesia focus that invests in early to growth-stage technology companies. The GSER now ranks the top 140 startup ecosystems from an assessment of several hundreds. arrow&v. Notable Startups: Indocrypt, AutoFleem.io, dLook. (Source: Inc42), Alpha Startups Bootcamp (1337 accelerator) (Jakarta): Located in Jakarta. Bitcoin.co.id is the Biggest Indonesia Bitcoin Exchange that act as bitcoin's support backbone for the entire finance ecosystem in Indonesia, XENDIT provides payment infrastructure to South East Asia. (Source: Palapa Ring), Super Deductible Tax: Fiscal incentives for industries that invest in vocational (200% tax relief) activities and research and development (R&D) activities (300% tax relief). (Source: TechSauce), Indies Capital (Singapore): Indies Capital Partners is a leading alternative asset manager/private equity fund focusing on Southeast Asia, especially Indonesia. Notable Startups Incubated: Bukalapak.com. The program helps digital economy players (e.g., OVO, Tokopedia) expand their ecosystem and increases internet penetration. با کیفیت 144p. Investment Structure: A micro-investment of US$5,000. (Source: TechSauce), Central Capital Ventura (Jakarta): Corporate VC affiliated with Bank Central Asia (BCA), the biggest private bank in Indonesia. Thailand. Plug and Play was invited by President Joko Widodo (Jokowi) to help Indonesia grow and accelerate the Indonesian startup ecosystem. A tech conference that draws everyone in the Indonesia startup community together. Notable Startups Incubated: CaterInc, JobMine. The second and third generations of the family groups started to venture into new businesses, but at the same time, aspiring entrepreneurs from the middle class background have also been making significant drive to the ecosystem. First Name. Guest editors are local ecosystem leaders: successful founders, investors, or thought leaders. Editor’s choice of the country’s top 10 emerging tech startups. Found inside – Page 1238A. Kashi Mahakal Express B. Ujjain Mahakal D. Indonesia 141. ... Which City topped the 2020 Startup Ecosystem Rankings Report with the best startup ... Earliest projects unicorns in Southeast Asia over the last two decades, the Philippines, attracts. Talk to Singapore-based East Ventures about the evolution of their Southeast Asian investment focus and government! ’ is especially worth following and why there are 7 cities ranked in the SEA market APAC startup is! 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