PR94104

JAKARTA, Indonesia, Jan. 18, 2022 /PRNewswire=KYODO JBN/ --

JEJALA ID, an initiative by The Ministry of Communications and Informatics of

Indonesia, concluded its program series with a hybrid Indonesia Startup Market

Insight Seminar and a one-on-one Virtual Matchmaking session at the Expo 2020

Dubai, on January 2-3, 2022. With over 30 Indonesian curated startups exhibited

the Indonesian Pavilion at the expo, the program has attracted over 25

investors participants and international visitors from over Singapore, Japan,

Europe and United States of America.

Following years of World Expo histories exhibiting the latest innovation and

showcasing 192 country pavilions, the Expo 2020 Dubai is a promising platform

for Indonesian startups to engage with international audiences.

Semuel Pangerapan, the Director-General of Informatics Applications of The

Ministry of Communications and Informatics of Indonesia said, "As one of the

largest and fastest-growing digital economies, we are committed to promote the

thriving Indonesian startups to the world. Our participation at the Expo 2020

aims to cultivate the country's digital ecosystem through vast market access

and robust capital opportunities catered to multifaceted startup segmentations."

During the Indonesia Startup Market Insight Seminar on January 2, Semuel joined

Italo Gani, Venture Partner of East Ventures; Adrian Gilrandy, CEO and Founder

of Praktis; and Williem, CTO and Founder of Verihubs, to discuss the future of

Indonesia's digital economy, providing participants with practical solutions

for decision-making.

Currently, around

73,7%(https://services.google.com/fh/files/misc/e_conomy_sea_2021_report.pdf)

of the Indonesian population has adopted the internet with 21 million new

digital consumers at the start of the pandemic, of which 72% came from

non-metro areas. This shows a high growth penetration rate across the country.

The prolific situation leads Indonesia to successfully expand its digital

economy, making it one of the countries with the highest growth of startups in

2021. Indonesia's digital economy is predicted to surpass US$130

billion(https://www.blog.google/documents/47/SEA_Internet_Economy_Report_2019.pd

f/) by 2025.

Business matchmaking between international VCs and Indonesian startups

The one-on-one virtual matchmaking session on January 3, has facilitated over

30 foreign venture capitals to directly exchange information with 30 curated

emerging Indonesian startups. The session was conducted using a platform-based

automated matchmaking system.

One of the curated startups is Gajiku, a technology platform that seeks to

financially empower the masses. They do this by partnering with employers to

provide advance salary options to their employees. This enables employees to

cover emergency or one-time expenses that are caused by cashflow issues,

thereby avoiding high fees which are typically charged by predatory lenders.

"The opportunity to connect with a global audience at the Expo 2020 has been

tremendously impactful for our business. By facilitating a personalized

networking session with reputable companies, the program has supported emerging

startups to grow and contribute to build a comprehensive digital economy in

Indonesia," said Sherman Tanuwidjaja, CEO and Co-Founder of Gajiku.  

The Indonesia Startup Market Insight Seminar and Virtual Matchmaking session

are the culmination of JEJALA ID's four months-long events, started with

pre-event roadshows to Japan, Singapore, East Europe, and USA. This showcases

the Government's commitment to empower early-stage startups to the global

stage.

More information about the JEJALA ID's series of activities and the curated

Indonesian startups at the Expo 2020, visit jejala.id or contact info@jejala.id

About Ministry of Communications and Informatics

The Ministry of Communications and Informatics is the official government

agency of Indonesia tasked with formulating and implementing national policies

in communication and informatics. It is also responsible for accelerating the

distribution of information technology and digital infrastructure so the public

can have efficient access to up-to-date telecommunications and internet

networks.

For more information, visit www.kominfo.go.id.

SOURCE: Ministry of Communications and Informatics Republic of Indonesia

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   Caption: Jejala ID 2021 has successfully launched the 30 startups VC Matchmaking