Every year as part of the Welcoming Alumni event, Lembaga Pengelola Dana Pendidikan (LPDP) would organize an Entrepreneur Summit which consists of a pitching event and demo day for the best 30 participants that have been selected by the committee. ANGIN was invited to attend this event on Mon (7/5). We are very excited to be able to see all 30 startups that were pitching their ideas. It ranged from technology to brick-and-mortar, with varying sectors and industries.
What we realize is that most of the ideas has social impact in their mind. There are thoughts of creating a zero waste movement in doing their business, help local farmers and fishermen, and also helping the rural areas in general. Aside from that, we also see that more and more startups are heading towards using technology to support their business. AI and IoT are two of the trends that most startups are following.
Overall, it is delightful to see that Indonesia’s startup ecosystem is growing everyday and how they are leveraging technology to drive their business. We wish all the alumni of LPDP the best of luck, and we hope to see more startups from LPDP next year!
LPDP is committed to preparing future leaders and professionals and encouraging innovation for the realization of a prosperous, democratic and just Indonesia. LPDP offers a master / doctoral scholarship program for the best Indonesian children, commercial and implementation research funding to encourage innovation, and rehabilitation of educational facilities damaged by natural disasters.
Last Thursday, Asosiasi Blockchain Indonesia hosted an all-woman panel discussion on practical blockchain applications from industry experts with Meredith from ANGIN and Connector.ID as moderator. Speakers included Pandu Sastrowardoyo of Blockchain Zoo, Daphne Ng of Singapore Blockchain Association (ACCESS), and Merlina Li of Indonesia Blockchain Network shared their thoughts. If you couldn’t make it, don’t worry; here are the top four takeaways and main points of the discussion:
- Blockchain is for women! The panelists pointed out that blockchain technology and its accompanying community are well-suited towards women. Whereas other nascent technologies at the time (i.e. big data) involved big risk with intangible or uncertain reward, blockchain is something built upon years of existing technology with monetary value and actual application. Blockchain communities and fellow “blockchain bros” have also been more supportive of women than their counterparts in, say, the data science field, according to the panelists.
- Blockchain is not sexy: You should view Blockchain as a technology tool that will be part of your solution. Maybe 20-30% of your product will have blockchain aspects, but the rest will be other vital components such as user experience, marketing, business model, team, etc. Just because you have a blockchain startup does not mean you can ignore the other considerations of your company.
- Blockchain and social impact go hand in hand: The use cases for blockchain largely involve socially impactful causes. Examples include supply chain logistics to encourage fair labor conditions, creating tokens for supporting refugee relief projects, and renewable energy among others.
- Blockchain both creates and requires more efficient and transparent systems: Blockchain has the capability of creating a more transparent society; transactions cannot be erased or duplicated on the blockchain, making it ideal for use cases like medical records, digital identities, and crossborder transactions (among others). However, this also requires a world where adopters are willing to be transparent. For instance, a hospital adopting blockchain technology for medical records must be comfortable with the implications – transparency in treatments and patient medical history, risking patient realization of possible medical malpractice. While this should encourage more cautious medical practice, it is easier for hospitals to simply refuse to be transparent. Thus, while the technology may exist, the market may not be willing or ready for the adoption of the technology.
- The future of blockchain is bright in Indonesia: Indonesia’s large population and friendlier regulations make for a great market opportunity for blockchain startups. Whereas in Singapore blockchain solutions must compete with other existing and established solutions, there is no such thing in Indonesia. An example is a centralized medical record system – something Singapore already has, but something Indonesia lacks. Therefore, a blockchain solution may face more resistance being adopted in Singapore versus in Indonesia, where the market is craving that solution.
ANGIN and Connector.ID are happy to have played a part in this fruitful discussion on the future of blockchain technology, especially as it pertains to Indonesia. We hope to continue being a part of these events in the future and look forward to the next one!
On Wednesday (6/6) , ANGIN was cordially invited to Dila Karinta and Bettina Herz’ launch of their book Insider’s Guide to Jakarta Startups. While Bettina was unfortunately absent during the launch, Dila Karinta was accompanied by various speakers, including the Managing Director of Phoenix Communications, Alistair Speirs, Bizzy’s cofounder, Norman Sasono, the cofounder of Andalin, Rifki Pratomo, and others. The launch was held at what Speirs called “the first coworking space”, Starbucks. While the launch covered topics within the book, it included personal insights from each of the speakers on the startup environment, including the difficulty in making a startup, the necessity of perseverance in the face of failure, and many other topics.
Here are some important highlights from the event:
- The first question that should be asked before making a startup is “Do you really want to start a startup”
- “A startup is a newly formed business with particular momented behind it based on perceived demand…The intention of a startup is to grow rapidly as a result of offering something that addresses a particular market gap”
- It is difficult to create a startup by yourself –– build a team consisting of 2 or 3 people covering the technical, business development and creativity/marketing side
- Startups does necessarily have to be tech oriented but must use tech in order to be scalable
- It is important to have conviction and belief that your startup will succeed
- Because of Indonesian regulation (once a startup gets money from abroad, it becomes foreign), a lot of Indonesian companies are no longer Indonesian (Tokopedia is Chinese, Go-Jek is Singaporean)
- When startups get easy funding, they fall into the trap of over/reckless spending
- Indonesia’s startup landscape differs from Silicon Valley’s in that it tackles real world problems
ANGIN will continue to support efforts made for mentoring startups in Indonesia.
Oracle cordially invites you to meet our international and local teams in Yogyakarta while we network and dine together. Join our first thought leadership event in Yogyakarta titled the “Oracle Startups Festival – Cloud Acceleration Day”.
Join the Oracle Executive Director Team and the Head of Indonesia’s Angel Investment Network (ANGIN), David Soukhasing and gain unique insights about technology, the venture investment landscape, startups in Indonesia and what they need to do to scale and grow.
Our goal for this event is to support the Startup ecosystem in Yogyakarta and we will share some valuable insight about:
- How startups compete on a global scale and what they need to do to keep up
- How cloud platforms are not merely an online storage medium but an ecosystem of tools that enable significant competitive advantages over peers
- Learn new insights about innovation and future economic landscape, particularly in Asia Pacific.
- Learn how David can compete against Goliath
- Network with peers who have diverse insights
Please see below for the event details:
Date: Wednesday, 9 May 2018
Time: 12:00 – 15:30 (GMT + 7)
*Venue will be informed after registrations
Meet and network with our global team as we enjoy coffee and high tea.
For additional questions and other inquiries, please feel free reach out via email Dali@oracleevents.id.
On Thursday (26/04), ANGIN was invited to the annual event hosted by Instellar, ARISE. ARISE is short for Awaken & Rediscover Indonesian Social Enterprises, and as it name suggests, it is an event that focuses on everyone who are making positive changes in Indonesia’s community and environment. This year ARISE raises the theme of “Impactful Technology For A Sustainable Future” and it was really insightful to see the discussions of the panelists in this event.
One of the highlights of this event is the launch of ASEAN Social Enterprise Structuring Guide in Indonesia which is developed together by British Council with United Nations ESCAP, Trust Law, Tilleke and Gibbins, and local partners in each country. The panelists consists of Ari Sutanti (Senior Programme Manager at British Council Indonesia), Gita Syahrani (Founder of Socolas), Nancy Margried (CEO of Batik Fractal), and Peter Ptashko FRSA (Director of Global Social Entrepreneurship Network). One of the key points from this discussion is how social enterprises in Indonesia has minimum access to regulatory framework information, hence making it difficult for them to operate. With the launch of this guide, we are hopeful that it will inspire support and growth of social enterprises in Indonesia.
Finally, the peak of the event was the Demo Day Rise Inc. Stars 4. 23 social enterprises were to present their pitch deck to a panel of judges and our very own Head, David Soukhasing, was one of the judges. ARISE is a platform for these Rise Inc. Stars to showcase their products and services. All 23 social enterprises presented their pitch deck for 3 minutes each and received substantial feedback from the judges. It was exciting to see the ideas of these social enterprises and how social impact drives them to do their business. We wish them all the best in their future endeavors!
One of the most hotly anticipated events all year, the GK-Plug and Play Expo 2.0 demo day on Friday, April 20 did not disappoint. Showcasing its Batch 2 participants, the event was comprised of both a tabling area where startups could showcase their products and services as well as a live pitching session. There, founders pitched to a mixed crowd of investors, startups, and institutional players on the Djakarta Theatre XXI stage. The startups showcased included: Cheers, Danabijak, IndoGold, Manpro, Datanest, Duithape, Periksa.id, Gringgo, Trukita.com, GandengTangan, and Weston. We are proud to say that two of these – Duithape and GandengTangan – are ANGIN portfolio companies.
Pitches were passionate and networking was lively – an excellent event for all who attended. ANGIN is excited for GK-Plug and Play Batch 3, which we are actively helping to source startups for. If you are a founder and would like to apply, please email firstname.lastname@example.org with your updated pitch deck. Until next batch!
On Monday (23/4), ANGIN was invited to the soft launch of Tanijoy Investasi, a startup which connects field partners with small farmers in order to ease and bring transparency to their investments in agriculture. During this soft launch, several speakers were invited to share their knowledge and experience about agriculture and Indonesia’s economy as a whole. The panel consisted of four experts: Poltak Hotradero (Senior Researcher at Indonesia Stock Exchange), Muhaimin Iqbal (Founder & Chairman of Indonesia Startup Center), Romy Cahyadi (CEO of Instellar), and M. Nanda Putra (Co-founder & CEO of Tanijoy).
Here are the key takeaways:
- According to Mr. Poltak Hotradero, startups such as TaniJoy should be able to make use of their data as it is the value of the startup. Data are very powerful when used correctly, and that is something that other corporations don’t have. For example, startups know exactly the profile of their users.
- Mr. Muhaimin Iqbal talked about the problems faced by Indonesia, especially in the agriculture sector. Indonesia, despite its potential, has no self-sufficiency in food.
- The problem lies in how little investments goes to farming in Indonesia where food is always in high demand.
- Indonesia’s consumption of meat and vegetables are very low compared to the world average. Consumption of meat is only a quarter of the global average, and consumption of vegetables is only a third of the global average.
- Banks would only allocate around 3 – 6% for agriculture, which shows how little investments go to agriculture and farming.
- With TaniJoy, it would help people to invest in agriculture in an easy, safe, and transparent way.
We are so excited with the soft launch of Tanijoy, and we hope the social impact it brings would be an inspiration to all. Best of luck for TaniJoy!
Connector.ID is proud to collaborate with Hivos’ Social Entrepreneurship Support Program, Idea Jam, in delivering a workshop for building a Business Model Canvas on Friday (20/4). Nadira Dinisari from ANGIN was leading the 3-hour long workshop in Code Jam Margonda, Depok with Sarah Ramadhita from Hivos as the moderator. Most of the startups in this program have social impact as the core value of their business. Their ideas range from renewable energy to sustainable farming.
Some key takeaways from the workshop:
- The Business Model Canvas should give the structure of your business plan and contain elements that provide a coherent view of a business’ key drivers.
- The Business Model Canvas is meant to evolve as you move through the following steps. It should be updated and refined whenever there is an update in information.
- When you are thinking about the value proposition of your business, think about how you can map it to each customer segments. One value proposition may speak louder to a certain segment than another. This also applies to the channels of communication since not all segments can be captured through only one channel.
- It is also important to think about how each customer segment can bring in different revenue streams for the business.
- Key activities of the business is important in determining the key resources needed, who are the key partners, and finally the cost structure of the business.
It was really refreshing to be presented with startups who have a social impact in mind! We cannot wait until each startup under Idea Jam presents their finalized pitch decks. Best of luck!
On Mon (16/4), The NextDev 2018 finally had their Kick Off at Empirica, SCBD. The NextDev is in search of the best Indonesian tech startup in the field of social impact. The winners of this competition would have access to mentoring, market opportunities, and will receive equity-free funding for their startup!
Here are the things you need to know about The NextDev:
- The NextDev incorporates incubation and accelerator program in their competition to give enough foundation for startups to access the market and various stakeholders.
- They are raising the topic of social impact, meaning startups should consider what kind of social impact they are trying to target.
- Currently, the problems startups are facing are lack of talent pool & resources especially in technology and business development, lack of access to funding, and lack of access to mentorship and network. The NextDev aims to provide all that to the startups joining them.
The NextDev 2018 is now holding their roadshow to various cities in Indonesia which includes Surabaya, Semarang, Denpasar, Batam, Samarinda, Yogyakarta, and Jakarta. Don’t miss their deadlines as they are approaching soon! To apply, just submit your information and pitch decks to Connector.ID and mention NextDev in your application. If your startup makes the cut, we will follow up with you on next steps and then recommend you to the NextDev team. It should take you no longer than 10 minutes. Best of luck!
Media talk about it:
On 4 April, 2018, ANGIN co-hosted a high tea event with UBS Unique. The event was a chance for attendees to gain greater insight into the world of impact investing and gender-lens investment. Tracey Woon of UBS moderated the discussion – two presentations and a fireside chat with James Gifford, CIO & Head of Impact Investing at UBS, and Shinta Kamdani, CEO of Sintesa Group and Founder of ANGIN.
James Gifford spoke of the many ways that the next generation could have an impact on investment activities, as well as how the world is changing to reward sustainable businesses and punish ones that do harm. Meanwhile, Shinta Kamdani gave a presentation on the strides that ANGIN has taken in women’s empowerment: from the Women Fund to empowering women through Women’s Spotlight, ANGIN has shown a track record of dedication to supporting women throughout the Indonesian startup ecosystem.
The high tea was filled with buzz, networking, and conversations on responsible and sustainable investment. We hope that some of the discussions at the event will lead to concrete actions in both the Indonesian and Singaporean investment ecosystems. ANGIN is looking forward to hosting more productive and insightful events with our friends at UBS Unique in the future.