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