Indonesian startups attract international investors at the Expo 2020 Dubai
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
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