ANGIN attended Millennial Entrepreneur Festival 2019, a festival specifically designed for startups and small medium enterprises (SMEs) intended to create the right entrepreneurial ecosystem for millennials. It was held on last Saturday, February 2 at Telkom Landmark Tower Jakarta, and was organized by ILUNI UI (Ikatan Alumni Universitas Indonesia). Within various events that were held at the festival, ANGIN participated in two events: Talk Show and Business Matching.
Talkshow: “How to Become Investment-Worthy Startups” At this talk show session, ANGIN’s Principal Valencia and Mandiri Capital’s Head of Finance, Treasury & Human Resource Bisma Manda Samsu discussed mainly about what kind of startups angel investors and venture capital look for in a business. We had an interesting discussion and Q&A session with the audience. ANGIN’s portfolio company, Kitabisa, represented by its CMO Vikra Ijas, also spoke at a separate talk show session.
Business Matching for 50 Selected Entrepreneurs In the business matching session, ANGIN investment team Gema and Atika had the opportunity to meet 18 startups across various industries, such as education, agriculture, waste management, financial technology, commerce, and communication. This business matching session was also attended by fellow investors, Andrea Surya from Kejora Ventures and Angela from Skystar Capital.
Last Wednesday (January 30, 2019), ANGIN organized its flagship event, ANGIN Pitch Luncheon at WeWork Revenue Tower, Jakarta. Four startups were selected by our angel investors (based on voting systems) to present their businesses. Each startup had 5 minutes pitching time, followed by 10 minutes Q&A and feedback session with investors.
This event was well attended not only by our angel investors but also our venture capital friends, such as East Ventures, MDI, Skystar Capital, Monks Hills, Venturra, Convergence, Prasetia Dwidarma and Patamar Capital. The event was concluded with lunch and networking session.
The four startups who pitched were:
Mallness: An Online to Offline platform (O2O) enabling mall tenants (retailers) to increase their offline customer outreach. It allows retailers to engage with customers through location-specific deals and promotion. Using data analytics, it also provides customer behaviours data, leading to better sales. Additionally, Mallness aims to enhance visitors’ shopping experience by helping them to navigate available deals, providing app store directory with user reviews, and online product catalogues.
Buahhatiku: A product retailer focusing on maternity and baby products for middle-lower customers. It offers good quality products at affordable prices, something that appears to be lacking in the current market. Their products include breast pumps, women underwear collection, halal baby diapers, etc. In addition to producing their own brands, Buahhatiku also sells products from various brands on its e-commerce site.
DepeKu: A p2p lending platform focusing on property down payment fulfillment. It targets middle-lower borrowers who experience difficulties in securing capital for a down payment from conventional financial services. As DepeKu tracks borrowers’ historical installments, it helps them to build a solid historical financial record and increase their chance to secure a mortgage (i.e., KPR or KPA) from other financial institutions.
Greenery: A Jakarta-based healthy food eatery and catering. Using only locally sourced organic ingredients, it serves a range of healthy bowls, wraps and beverages for middle-high affluent customers who are aware of their health and fitness. Greenery ensures that their products are free from artificial and dangerous ingredients and approved by a certified nutritionist onboard. It has opened its first outlet in Senopati, Jakarta.
November 28, 2018: ANGIN had the opportunity to once again host its Monthly Pitch Lunch, which was held to showcase four up-and-coming startups – Shipmall, Shox, Coverwatch, and EmpatKali – to ANGIN’s angel investors, as well as several venture capital firms and other ecosystem players.
A short recap of the startups:
Shipmallis an O2O platform that uses affiliate marketing to promote merchant’s products to customers. With the Shipmall affiliate program, partners can help merchants to sell their products. Merchants will be able to sell their products more effectively and ultimately receive an increased number of sales. The customer will feel comfortable buying products in Shipmall because it is the original and best possible price on the market and most importantly is based on recommendations from friends, family, and influencers. Shipmall’s partner will get commission on every transaction that happens through their referral. Other than that, they will be trained and mentored to be a professional affiliate partner.
Shoxis a solution that uses computer vision artificial intelligence, where users can take a screenshot of a product in order to get the look. Users can search all retailers and brands on social media by taking a screenshot of the item. After the screenshot, the user taps on instant-notification sent by Shox, in 3 seconds our CV AI engine finds the items that are in the screenshot and gives the user the online address of where to buy them. Think about a mix of Shazam and Skyscanner model for the fashion retail industry.
Coverwatchis a SaaS solution for insurance claims management while helping insurers, hospitals and TPAs to digitise the entire claims journey from patient registration to financial reconciliation. This enables Coverwatch to harness the only real-time health data in SEA, to become the “Google Analytics” for Health. By using Coverwatch the cost to administer a policy and claim will be reduced by 80% and Fraud can be reduced to <1%.
Empatkali is a P2P lending services that hopes to address Indonesians lack of available credit with their zero interest based model. It delivers a fast and reliable instalment solution – interest free using a mobile platform. Fashion retailers can get the sale now without having to collect money later. EmpatKali pays retailers the full amount of the purchase, shouldering the risk of default, while allowing customers to receive their purchase instantly and spread the total cost over four repayments. There is no upfront membership or regular account fees.
Each startup had 7 minutes to pitch to investors, and received 5 minutes of Q&A and feedback. Afterwards, attendees had a chance to network and mingle with each other over a delicious lunch served by Burgreens. ANGIN is happy to have seen such a large turnout of investors attend our flagship event and we are excited for more to come.
In conjunction with the ASEAN Angel Alliance Summit (AAA) 2018 that being be held in Malaysia on 27-28 November, a parallel pre-conference dialogue was organized one night before as a roundtable discussion to allow for a frank and interactive exchange among country representative of each member state in the region.
ANGIN Team represented by David Soukhasing (ANGIN Director), Valencia Dea (ANGIN Principal) and Feby Ramadhani (ANGIN Advisory Consultant) attended the pre-dinner alongside Ibu Noni, the President Director of Bluebird Group. It was a great opportunity to have a dynamic discussion for the success of the event with people and some old friends from Vietnam, Cambodia, Myanmar, Thailand, Singapore, Philippines, and Malaysia.
Some key issues discussed at the dialogue were the ways to strengthen regional collaboration and promote cross border angel investment between AAA members in ASEAN region, the feasibility of making ASEAN Angel Alliance Summit as an annual signature event for AAA, and the joint mechanism to organize future AAA Summit.
The AAA is essentially a collaborative platform for angel groups and other early stage ecosystem players operating within ASEAN member countries to cooperate and work together on activities of mutual benefit. The Summit is poised to attract more than 200 delegates including angel investors, ecosystem players, government agencies, and entrepreneurs from across ASEAN.
We are very much looking forward to the ASEAN Angel Alliance Summit (AAA) 2018 and contribute more in the advancement of angel investment collaboration in ASEAN region.
Let’s find more information and documentation of the event at www.ASEANangel.com.
ANGIN had a great opportunity to support, as a community partner, The Asia Pacific Foundation of Canada training event for MSMEs and entrepreneurs hosted by BLOCK71 Jakarta on November 21st, 2018. The training goal is to introduce relevant Canadian best practices for small businesses through workshops conducted by Canadian trainers (provided by APF Canada) in Indonesian practioners on MSME business development.
David Soukhasing (ANGIN Director) was invited to open the training day and emphasized how much this training was in line with ANGIN’s core mission and activities. ”ANGIN strive to provide key services to both investors and entrepreneurs to make sure that investors are enabled to invest with best practices and more importantly that entrepreneurs manage to get access easier to funding with the right terms and timing, in full transparency. I would like to remind how ANGIN also has pioneered to support women entrepreneur and women empowerment. We are a strong believer that women entrepreneurs do represent a force of change and development for any country. This is why we have included several dedicated programs or gender inclusivity parameters to most of the work ANGIN is doing, and several of them were strongly supported by Canada”.
In this training, Valencia Dea (ANGIN Principal) also shared her presentation about Financing for SMEs. As many SMEs feel constrained to access external financing from traditional sources, there are other non-bank alternatives that address their barriers, such as funding leveraging financial technology (crowd funding)or Peer-to-Peer (P2P) and others types of investors such as Angel Investor, Venture Capital, and Impact Investor. Valencia Dea also presented her analysis about pro and contra and also some tips for getting funding from each of these non-bank financing alternatives.
This training session also announced the launch of an online toolkit (developed by APF Canada for Indonesia) for MSMES’key business capacity development needs and a training on MSMEs could use it. Please check the toolkit here : https://apfcanada-msme.ca/toolkits
In addition, the APEC-Canada Growing Business Partnership has launched the 2018 Survey of Entrepreneurs and MSMEs in Indonesia: Building the capacity of MSMEs through Human capital – A national survey of entrepreneurs and micro, small and medium enterprises (MSMEs) in Indonesia to provide an analysis of business development in the region, and to better understand the opportunities and challenges faced by Indonesian MSMEs and aspiring entrepreneurs around human capital. The survey report is broken down into three major sections focusing on company and entrepreneur profiles in Indonesia, growth plans and barriers to growth, and challenges and opportunities related to human capital. Each section also identifies age, gender, and industry-specific data and trends.
Let’s find more information about the research result and The APEC-Canada Growing Business Partnership by clicking this link.
Calling out any entrepreneurs, startup ecosystem builders, any investing community and angel investors!
The ASEAN Angel Alliance Summit 2018 provides the perfect platform for angel investors to discover new investing venture , expanding networks, sharing opportunities and support in market intelligence and market penetration throughout the region’s ecosystem.
Key highlights to the event also includes networking opportunity with 200 international angel investors, notable Keynote Speakers and Panel sessions, Masterclasses, Fishbowl sessions and Fireside Chat with YB Lim Guan Eng.
Keynote speaker :
Chris Sacca – Founder & Chairman Lowercase Capital (TBC)
The ASEAN Angel Alliance (AAA) has assembled an outstanding progtam for its first 2018 Summit experience. You can expect your perceptions to be changed, technical questions to be answered and your imagination to enliven into action. Here is for an overview of the program.
ANGIN is proud to have been selected to attend ChangemakerXchange Vietnam Summit from November 8th to November 12th 2018. The summit – co-created by Ashoka and Robert Bosch Stiftung Foundation – marked ChangemakerXchange’s first ever women’s summit, and congregated 14 women leaders from all over Southeast Asia to ideate, co-create, and learn from one another. Upon completion, participants enter a network of over 500 inspiring young social entrepreneurs across 90 countries – all trying to make the world a better place. Due to her work leading ANGIN’s Women’s Spotlight and Connector.ID, Meredith Peng (Senior Consultant) represented ANGIN at the summit.
During the summit, Changemakers learned from one another about various leadership frameworks and strategies for accelerating their own ventures and projects. Each participant was able to offer their own skill sets to the mix. For instance:
Meredith Peng, on behalf of ANGIN, hosted an Investor Shark Tank session to help coach the social entrepreneurs present on their pitches and business models, as well as investor readiness and strategies going forward.
Nattinee Dora Sae Ho, founder of Kid Hero (Thailand), offered various leadership frameworks and strategies. Building trust within teams is first and foremost for any organization to expand, and trust is often a process. By forging pathways for team members to succeed at tasks, managers can create smaller increments of trust until a high enough threshold of trust is achieved. Underlying all of this is the motive of leaders – why are leaders behaving the way they are? This is vital for all teams to work together with trust.
Wan Wei Soh, founder of IKIGUIDE (Singapore), hosted a session on using Blockchain technology for social impact. Through understanding the basics of Blockchain and cryptocurrency, participants were then able to understand real world applications of the technology. Blockchain can be a powerful tool for social entrepreneurs who wish to raise funds through ICO or as a means of crowdfunding projects by decentralizing investment.
Greta Rossi, Europe and MENA coordinator for ChangemakerXchange and founder of Recipes for Wellbeing (Italy), taught a session on non-violent communication and applying this method of communication to teams to mitigate and deal with conflicts
Jiezhen Wu, Director at The Hidden Good (Singapore), hosted a session on content creation and storytelling.
Participants were also encouraged to think about their own wellbeing, mental health, and motivation. Failure and burnout were two relevant topics for many participants who face pressure and stress from running ventures. The summit emphasized the importance of emotional wellbeing, expressing gratitude, and practicing empathy in everyday life.
ANGIN is happy and honored to have participated in a summit full of amazing changemakers throughout Southeast Asia. We remain committed to promoting entrepreneurship throughout the ecosystem and hope to bring lessons from the summit back to Indonesia for all entrepreneurs from all walks of life to learn from.
October 4th – 6th, 2018 – Meredith from ANGIN team had a pleasure to attend the Next Content Fair 2018 event which located in BEXO in Busan, South Korea. This event was designed to revitalize the content industry, which is becoming the source of creating highly added values and jobs in the future and introduce specialized contents by regions. During the event, ANGIN had a chance to participated in business matching with Korean startups in the Augmented Reality, Virtual Reality, animation, and deep tech spaces. This event is hosted by Ministry of Culture, Sports and Tourism, jointly sponsored by the Korea Creative Content Agency.
It was amazing opportunity to see and speak to various Korean startup founders and understand better the Korean landscape as well as how Korean startups are seeing Indonesia as a new market opportunity. Great to also meet with fellow regional South East Asian VCs such as Quest Ventures and Rakuten Ventures — seeing a growing relationship between Korea + SE Asia
Furthermore, ANGIN team also went to Seoul to meet with Korean government initiatives on the startup ecosystem such as Korea Institute of Startup & Entrepreneurship Development (KISED) and Korea Venture Investment Corp (K-VIC). Within this meeting, We hope to soon discuss further on opportunities in supporting one another’s ecosystem in market expansion and investment opportunities.
Last week, David Soukhasing, Valencia Dea, Riaz Bhardwaj and Meredith Peng form ANGIN had a chance to attend NextIcorn International Convention 2018, hosted by Amvesindo. NextICorn gathered selected potential startups, curated by NextICorn Coordinating Board, to discuss and pitch for investment opportunities with over 100 venture capital representatives after undergoing selection process with several requirements.
Through the event, we had a chance to met the startups, caught up with old friends from the ecosystem, connected with new investors who are interested in the Indonesian ecosystem. At the panels, NextICorn representatives, who were among Indonesia’s most investable startups, shared their insights into the opportunities that exist in each of their respective verticals. On the other hand, the panel of prominent international investors shared the stage and their perspectives on the opportunity landscape in Indonesia, while domestic investors shared their insights into investing in Indonesian startups.
With the aim of making Indonesia as a “digital paradise“, NextICorn aim to see investment perspective in the Southeast Asian region, especially Indonesia, through the eyes of global investors. In other words, issues including concerns over the regulatory sector, investment climate, competitiveness, regional GDP and growth rate, as well as the critical decisions to address “Series B” funding gap for the startups will be covered. Within this event, ICT Minister Rudiantara addressed the current strategic and regulatory framework as being considered by the Indonesian government to induce further growth in Indonesia’s digital economy sector.
Calling all women entrepreneurs out there who’s wants to grow their business, maybe looking for an investment or think about starting a new business, this event is just for you!
Nowadays, many women entrepreneurs have a difficulties in funding and finding loans. This partly due to the gap between men and women. Womenwill is a Google initiative on creating an economic opportunities for women, supporting any women to grow and succeed. This event aim to inspires women and get them connected through training, events and advocacy with the aim to encourage and promote the gender equality issue.All the speakers who are experts in investment and finance will share their experience in this event with theme of :
“Investing in Women, Investing in Future”
all Hosted by :
Dian Wulandari – COO Instellar – GBG Women Lead
Speaker:
Riaz Bhardwaj, Senior Consultant ANGIN Ellen Nio, Associate – Patamar Capital Aria Widyanto, Vice President at Amartha
Event Details
When : Tuesday, 18 September 2018 Time : 2.00 PM – 4.30 PM Registration open : 1.30 PM
Venue : Ruang & Tempo, Gedung Tempo Jl. Palmerah Barat no.8 Kebayoran Lama – Jakarta
This event is an initiative from Google and in collaboration with GBG Jakarta.
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