ANGIN is proud to have both attended and participated in the AVPN 2018 Conference in Singapore. Valencia Dea, Principal of ANGIN, shared her insights during the panel, Financing the Missing Middle in Southeast Asia alongside several other policy experts. Riaz Bhardwaj presented ANGIN’s research findings during a Gender Lens Investment workshop hosted by Sasakawa Peace Foundation. The conference had a heavy focus on gender lens investment and women’s empowerment – a refreshing take on investment, especially as ANGIN expands its women’s empowerment programs.
In addition, the team was able to attend meaningful workshops such as Big Data for Social Impact and Investing in Digital Inclusion and Last Mile Connectivity in Asia, hosted by the likes of USAID, Google, Microsoft, VillageCapital, and Mastercard. The Deal Share Platform speed-dating sessions were also eye-opening and informative as some of the best social innovations and entrepreneurs were given the chance to present their products and solutions. ANGIN is grateful to once again have the opportunity to attend the AVPN conference as a member and participate actively as speakers and attendees while reconnecting with old faces and meeting new ones. We look forward to more AVPN activities in the future and see the impact investment space of Asia to be extremely promising.
On June 5, 2018, ANGIN was invited to the World Environment Day 2018 talk at the Greenhouse Cowork center. The World Environment Day is an annual event led by the United Nations focused on raising awareness on the world environment. This year’s theme for World Environment Day is #BeatPlasticPollution. Speakers for the event included representatives from Greenhouse, Waste4Change, Project Semesta. Gerakan Indonesia Diet Kantong Plastik as well as the Danish ambassador, Mr. Rasmus Kristensen, and the Swedish ambassador, Mrs. Johanna Skoog.
Here are the key takeaways from the event:
- Both Sweden and Norway uses various incentives, such as taxes or refunds, to change behavior on plastic use, recycling, and general waste management
- In a short 27 city trial run of a plastic bag charge, plastic bag consumption has declined by around 55%
- The resulting snowball effect resulted in the Indonesian government working on a plastic reduction policy which includes targets such a 70% reduction of marine plastic debris by 2025
- Roughly 80% of Indonesia’s waste materials can be composted and recycled yet roughly 80% is not managed properly
- There needs to be a paradigm shift towards Reducing, Reusing and Recycling rather than only focusing on disposal/landfill
- There are 5 Aspects that are needed to implement responsible waste management: policy/regulation, stakeholder participation, finance, institutions and operational technique
- What we can do to start eliminating waste: rethink, refuse, reduce, reuse, recycle and reroot
On May 31, 2018, ANGIN was invited to listen to Bizcom.id’s talk on the sustainability of business in Indonesia. The speakers of the event include Budiman Sudjatmiko, Stig Traavik, Alistair Speirs and Stephanie Hermawan with Sunil Tolani as moderator. Sustainability and maintaining Earth’s health are always critical topics when it comes to business operation as it affects the global population. The talk emphasizes the importance of this and Indonesia’s role and position on the topic of sustainability. Some of the key highlights mentioned during the talks include:
- The overabundance of old and environmentally damaging vehicles on the road when new, sustainable technology is already available
- Indonesia is losing the battle against China’s manufacturing and India’s technology sector.
- Indonesia economy is shifting towards urbanization and manufacturing to compete against China when it should instead focus its efforts on building a rural, agricultural economy
- The future of rising standard of living in a rural based economy is centered on “smart villages”
- Businesses play a critical role in society’s attempt to alleviate poverty and building a sustainable future
On Wed (9/5), David from ANGIN was invited to speak at the Oracle Startups Festival Cloud Acceleration Day in Yogyakarta. Many Yogyakarta startups showed up to this event, and all of them are very enthusiastic and eager to learn more about the digital economy ecosystem and the investment landscape in Indonesia.
Here are the key takeaways:
- Indonesia is soon to be ASEAN’s biggest digital economy country
- Digital economy ecosystem in Indonesia is growing, corporate such as Oracle are showing their support as well as the government, coworking spaces, startup accelerators and incubators, and of course funding.
- There are 6 criteria to assess whether a startup would be a good fit for an angel investor or not: ticket size, timing, type of funding, industry, tech/non-tech, and in which stage the startup is in.
- When evaluating the startups, we look at these criteria: team, value proposition, business model, strategy, monetization, execution, valuation, and exit/return opportunity.
We hope all the entrepreneurs who attended the event gained significant knowledge of the investment landscape and digital economy ecosystem!
On 16 May, 2018, ANGIN attended the Young Technopreneur (YTech) Awards Ceremony, located at @america. The YTech program is strengthening U.S.-Indonesia partnerships in the digital economy and helping usher in cutting-edge digital solutions and apps by young Indonesians to address local and global challenges. Young technology-backed startups pitched in front of a panel of investors, who gave their candid feedback. This spirited session was followed up by the awards ceremony and an inspiring speech by US Ambassador Donovan.
ANGIN is excited to have witnessed such strong determination from these young startup leaders. We are excited to see further programs supporting Indonesian startups from our friends at the US Embassy.
ANGIN was honored to have attended the NextICorn International Summit 2018 from 9 – 10 May 2018, held at the Bali Nusa Dua Convention Center. The summit was opened with amazing speakers including Chairman of Indonesia’s Investment Coordinating Board Thomas Lembong who spoke directly to the audience on the administration’s dedication to supporting the startup ecosystem, the managing director of Sequoia Capital India Sheilendra Singh, and Minister of Communications and Information Technology H.E. Rudiantara. An all-star panel with Indonesian Unicorn CEOs comprised of GO-JEK’s Nadiem Makarim, Traveloka’s Ferry Unardi, Tokopedia’s William Tanuwijaya, and Bukalapak’s Achmad Zaky then spoke about Indonesia’s startup potential in a digital age and their own unique journeys and experiences.
The rest of the conference bustled with activity. In the main hall, speakers from different industry verticals such as fintech, health, and education spoke to concentrated audience members. Meanwhile, hundreds of meetings were occurring between hopeful startups and investors in hallways, meeting rooms, and lunch tables. In total, 70 curated and selected seed to Series C startups were present, including ANGIN’s own portfolio company, Taralite.
ANGIN is delighted to have partaken in such a meaningful and productive conference. We are grateful to have reconnected with so many familiar faces and meet many new ones, and highly anticipate next year’s NextICorn summit.
ANGIN is honored to be invited to Innovfest Unbound, where it showcases Southeast Asia’s most innovative development. This year, there were more than 12,000 entrepreneurs, brands, corporates, investors, and tech start-ups from 100+ countries that attended this event to share new ideas and build meaningful partnerships.
With only 2 days, it is amazing how much knowledge and ideas they can deliver through panel discussions and workshops. The team attended several panel discussions, such as: Innovation Opportunities in ASEAN, Building a Digital Economy, Solutions for Sustainable Global Goals, Practical AI Solutions, Investing in SEA, and many more!
Aside from the numerous panel discussions, Innovfest also exhibits many tech start-ups in the region. The ANGIN team is pleased to be able to talk to several start-ups that were exhibiting. It is exciting to understand what they are doing in this digital world and how innovative their solutions are for the current problem we are facing. If you are a start-up that were exhibiting at Innovfest, we might have talked! Leave a reply on the comments and let’s connect again.
The highlight of the second day is probably the Unilever Startup Foundry Battle! Here, selected tech start-ups presented their pitch in order to win a chance to work with Unilever. The start-ups are so amazing that this is the first year there were double winners. Congratulations to Pencil and Vase for winning the battle! Pencil is trying to solve the problem where the rapid change in marketing landscape makes it hard for brands to create high quality personalised advertisements while Vase offers two AI-powered products for both quantitative and qualitative research.
We look forward to activities by Innovfest Unbound and and see what is the next innovative creation!
ANGIN is proud to have been invited to join the discussion on financial inclusion for women held by Indonesia’s National Financial Inclusion Strategy and Women’s World Banking on Tue (8/5).
Before the recap, here are some facts you need to know about the unbanked Indonesian women:
- According to the 2017 Global Index, 51% of all Indonesian women have a bank account. Out of the unbanked, 2/3 of them are under 35 years old.
- Half of all unbanked women are housewives, only 36% are employed.
- 50% of unbanked women have a secondary education or higher.
- Unbanked women share the same financial goals: 1) Make more money, 2) Prepare for a new child
- Unbanked women save money for: 1) Emergencies, 2) Meeting daily expenses, 3) Protecting the family from poverty and crime.
The discussion centers around women in Indonesia and how important it is for them to have more access to finance. To kickoff the discussion, Anna Ginchermen, Vice President of Strategic Partnerships and Business Development from Women’s World Banking, talked about a particular solution they did in Pakistan to make women’s financial inclusion work. They partnered with Unilever and Jazzcash in Pakistan to include women in field team and using women-centric language to communicate with rural women. The result was an increase in women customers of Jazzcash from 11.9% to 17.9%. Caroline Mangowal, founder of RISE Indonesia, continued the discussion on a presentation explaining the women who need to be targeted for financial inclusion. The key point here is that the unbanked women use their money in a similar way as the banked, which is why it is necessary for them to have access to financial institutions. The third session was presented by Francine Pickup, Deputy Country Director for Indonesia in the UNDP. Francine talked about women’s entrepreneurship and access to finance. In this presentation she also included the UNDP/ANGIN initiatives that is being done to tackle the problem of lack of women entrepreneurs as well as findings from Connector.ID on the number of women entrepreneurs applying through Connector.ID.
The roundtable discussion was divided in 2 topics. Representatives from Bank Indonesia, Financial Services Authority (OJK), and Ministry of Women Empowerment and Child Protection shared their thoughts about access to financial Services and economic empowerment of Indonesian women. Finally, the discussion was closed with the topic “Serving Indonesia’s Women Entrepreneurs” which consists of panelists from Bank Rakyat Indonesia, Koperasi Mitra Dhuafa, and Tanaoba Lais Manekat Foundation.
The discussion only emphasizes that financial inclusion for women is crucial for the development of a country. ANGIN will continue to support this cause.
ANGIN team attended the Indonesia Sustainability Seminar 2018, organized by Most Valued Business (MVB) Indonesia, on 8th May 2018 at Hotel Raffles in Jakarta, Indonesia. The theme of the seminar was “Securing Sustainable Future through Innovation and Dedication”.
A number of interesting speakers from public sector, private sector and the academia share their ideas and experiences on how to incorporate social responsibility in the business processes. The speakers included Alistair Speirs (Chairman of MVB Indonesia), H. E Rasmus A. Kristensen (Ambassador of Denmark for Indonesia), Maria Nindita Radyanti (Executive Director of CECT Trisakti), Paola Cannuciari (Co-Founder of Waste4Change) and Bjorn Heidrich (President Director of BayWa r.e.).
- E Rasmus A. Kristensen, the Ambassador of Denmark for Indonesia, in his keynote presentation, highlighted the initiated taken by Denmark towards a sustainable future. The ambassador made a very interesting remark about how innovation is driving sustainability and changing the competitive landscape. He spoke about Denmark’s commitment towards promoting circular economy and resource efficiency. He also shared case studies of how Danish companies are developing and pioneering circular economy solutions. One of the most interesting cases was how many companies are using low-cost clean energy in Denmark to build their massive data centres and then, utilizing the heat produced from data centres to heat homes.
Maria Nindita Radyanti, Director of CECT Trisakti, delivered a presentation on how corporate social responsibility (CSR) is not only about external impact and philanthropy but also about the impact of the internal business activities and decisions. Furthermore, she noted that CSR is an activity with the objective of sustainable development and also, demonstrated how businesses can incorporate CSR across the value chain.
The seminar also showcased two businesses, Waste4Change and BayWa r. e., that shared their experiences and how they are contributing towards sustainable development.
Overall, the seminar provided valuable insights into how innovation has led to clean-tech revolution and is driving sustainability.