JEJALA INDONESIA 2021: Indonesia's Government Pushes Initiatives to Further Promote the Growing Startup Industry
PR92578
JAKARTA,Indonesia,Oct.26, 2021/PRNewswire=KYODO JBN/--
Indonesia's startup ecosystem has been thriving and proving its early adopters
correct, and the Indonesian government, spearheaded by the Ministry of
Communications and Informatics, wants to keep the momentum by offering support
and incentives to foreign investors in the space.
Startup scene boom
In recent years, the Indonesian startup scene has been enjoying tremendous
growth from multiple sectors, and the pandemic has revealed new industries that
have vast potential in the region.
While promoting a growing ecosystem with Gerakan Nasional 1000 Startup Digital
(1000 Digital Startups National Initiative), the Indonesian government now puts
in place investor-friendly policies such as the push to exempt foreign
investment from minimum investment requirements. The initiative allows foreign
direct investments to enjoy some favorable manpower regulations, such as
incentives for priority sectors and tax cuts.
"If you're an investor, you'll be tapping into not only Indonesia but also the
entire Southeast Asia and Asia-Pacific regions," says Semuel Abrijani
Pangerapan, Director General for Informatics Application, Ministry of
Communications and Informatics. "The return for your investment is going to be
bigger than you can expect while being among the ones who support the
advancement of multiple societies."
New growth industries
Speaking of the most promising sectors, the country has seen funding being
mainly focused on EdTech, Fintech, and SaaS for these past few years. However,
the pandemic has shifted the market and logistics, manufacturing, and delivery
services have risen to be among the sectors with most potential for growth.
"Particularly for the top manufacturing countries like Japan, Indonesia has
played an important role to provide manufacturing facility resources. Many
startups have moved rapidly to adapt the manufacturing ecosystem, while
digitizing the industry with SaaS-enabled solutions,"said Chendy Jaya, CEO of
Imajin, a marketplace for manufacturers in Indonesia.
All these, plus the over US$190 billion fund allotted by the Indonesian
government for its National Economic Recovery Program has made Indonesia a
prime market for investors. According to a report by Asian Development
Bank(ADB)(https://www.adb.org/news/indonesia-economy-projected-grow-2021-amid-headwinds#:~:text=JAKARTA%2C%20INDONESIA%20(22%20September%202021,Asian%20Development%20Bank%20(ADB) ), Indonesia's economy is expected to enjoy 3.5% growth in
2021 and by 4.8% in 2020 despite the significant impact of the pandemic.
Programs for Japan Investors
To further sustain this momentum, the Ministry of Communications and
Informatics continues to develop and implement programs aimed to foster
connections between Japanese investors and Indonesian startup founders such as
the upcoming Joint Exhibition & Junction of Startup Landscape in Indonesia or
JEJALA ID, a four-month networking event.
It will hold roadshows, workshops, and seminars for investors and founders in
Europe, Singapore, Japan, and the United States. Registration for Japan's
Investors is ongoing until October 28th, 2021, and the first pre-event roadshow
titled "Addressing The Myth Surrounding Indonesian Startup Investment''-will be
held on October 29,10:00-11:00JST for participants representing Japan.
It will feature esteemed business executives such as Hiro Kiga, founder of FX
and a cross-border payment solution company, Wallex; Chendy Jaya, CEO of
Imajin; Semuel A. Pangerapan; and Italo Gani, Managing Partner at Impactto.
They will share their knowledge and wisdom to help participants gain insight
into the Indonesian market.
For more information, and to register, please visit https://jejala.id
About Ministry of Communications 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 Investors and Startups Business Matchmaking event
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