PR92541

JAKARTA, Oct. 23, 2021/PRNewswire=KYODO JBN/--

The pandemic has brought down almost every major industry in the world, yet the

startup ecosystem has managed to thrive amid the challenging moment. In

Indonesia, the support from the government and the Ministry of Communication

and Informatics has reinforced the startup growth, enabling more education

platforms and research to accelerate digital financial literacy across the

country.  

According to research(https://www.dealstreetasia.com/stories/indonesia-fundraising-213826/ ),

Indonesia received the lion's share of funds raised in 2020 in Southeast Asia

to the tune of US$2.7 billion. The Indonesian Venture Capital and Startup

Association (Amvesindo) data(https://www.angin.id/2021/07/22/new-fund-structure-in-the-field )

also show that US$1.9 billion has been raised by at least 52 startups as of September

2020.

These numbers are indicative of Indonesia being one of the most promising

country to invest in across the region. Hiro Kiga, co-founder of payment

solution company Wallex predicts that the trend seems to be in fintech and

digitalisation for the offline economy. "Now it's come to a point where the

next segment of the offline users will be digitized. Also, anything that

surrounds MSMEs such as logistics and last-mile deliveries would be interesting

sectors to look at," said Hiro Kiga.

Supporting for the startup scene

While the majority of the startups are based in Jakarta, the trend is spreading

out to other parts of Indonesia.

"We are fully in support of the startup's culture, and we will continue to

develop programs and activities that will help spread the startup scene to more

provinces other than Jakarta," said Indonesia's Director General of ICT

Applications, Semuel Abrijani Pangerapan.

The support for startup culture is evident in the series of startup-focused

programs such as Gerakan National 1000 Startup Digital (1000 Digital Startups

National Initiative) and Startup Studio Indonesia, in which the Ministry

assists early-stage startup founders to create their MVP and achieve their

product market fit by opening access to resources and connections to prominent

and active startup founders and business opportunities.

In addition, the Ministry is also promoting investment opportunities at the

upcoming Joint Exhibition & Junction of Startup Landscape in Indonesia or

JEJALA ID, a matchmaking event for startups and investors.

JEJALA ID is a multi-faceted event aimed at sharing critical information for

investors such as the benefits in investing in Indonesia, the most promising

sectors, as well as success stories from Indonesia's startup scene.

The entire event will run from October to January, with the first pre-event

roadshow will be held online on October 29, 2021, for Japan participants and

venture capitals (VCs), addressing "The Myth Surrounding Indonesian Startup

Investment".

Keynote speakers from different companies will share their knowledge to help

attendees gain insight to the Indonesia's startups ecosystem. Participants will

also hear from other business luminaries, including Indonesia's Director

General of ICT Applications, Semuel Abrijani Pangerapan; Hiro Kiga, CEO of

Wallex; Chendy Jaya, CEO of Imajin; and Italo Gani, Managing Partner of

Impactto.

The main thrust of the event is connecting 30 well-curated, investible,

early-stage startup companies to 30 foreign venture capital firms in each of

the participating regions and countries, which are Europe, Singapore, Japan,

the United States, and others.

For more information, and to register, please visit: https://jejala.id

(https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fjejala.id%2F&data=04%7C01%7Cmarissa.anugrah%40cision.com%7Cf8a1b8fe0a814743afa008d994694117%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C637704002068792688%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=4D6drnflKOlM5VL%2BRb1pZsSiTd3hiJIL1jJQsUfjtHo%3D&reserved=0)

About the Ministry of Communication and Informatics

The Ministry of Communication and Informatics is the official government agency

of Indonesia tasked with formulating and implementing national policies in the

field of communication and informatics. It is also responsible for accelerating

the distribution of information technology and digital infrastructure so that

the public can have efficient access to up-to-date telecommunications and

internet networks.

Source: Ministry of Communication and Informatics of Republic of Indonesia

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   Caption: Jejala Indonesia 2021 Japan webinar event: Addressing the Myth Surrounding

Indonesian Startup Investment