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Are you a startup with a solid co-founding team, a minimal viable product (MVP) in hand, and a huge potential market size? If so, we challenge you to be the next unicorn by joining the hottest startup ecosystem in Indonesia!
Apply to Plug and Play Indonesia Accelerator Program now for the chance to:
– Get $50,000 seed fund and up to $60,000 value of free tools and services
– Collaborate with big brands and be mentored by industry leaders
– Network with local and international investors
– Get access to silicon valley and be a part of global technology communities
For more information, please check out PNP’s press release below!
Jakarta – 1 February 2017, accepting President Joko Widodo’s invitation, Plug and Play, the most active startup accelerator in Silicon Valley, is finally ready to help the Indonesian startups by partnering with Gan Kapital, a local investment company in Indonesia. Plug and Play Indonesia is accepting application to its very first batch of Accelerator Program in Indonesia starting from February to end of March. Upholding its tagline, “Our passion is to see startup succeed”, the Accelerator Program is designed to maximally nurture startups’ potential through strategic partnership with corporates that could help startups reach the market faster.
As a part of the largest Accelerator in the world, Plug and Play Indonesia offers various benefits to startups that passed the rigorous selection process. The selected startups will be entitled to seed funding, up to $60,000 value of free tools and services, and most importantly, the chance to collaborate with our corporate members. “Seed funding is just a glimpse of what we offer here at Plug and Play Indonesia. The main goal of our Accelerator Program is to introduce startups to corporates with hope that the collaboration will result in revolutionizing technology,” said Nayoko Wicaksono as the Accelerator Director of Plug and Play Indonesia. Currently, Plug and Play Indonesia has secured BNI, BTN, and Astra International as its initial set of corporate members to be matched with the selected startups. “Corporations have huge network and well developed products. However, in todays’ world where technology changes everyday, there is always room for innovation. Thus, startups that are often associated with creativity and innovation should be filling those gaps. Our Accelerator Program allows startups and corporates to complement each other,” Nayoko added.
During the 3-month program, selected startups will be attending weekly workshops and 1-on-1 coaching sessions with mentors of their choice. According to the team, there are at least 40 industry leaders from successful startups, corporations, and venture capital, who have agreed to support Plug and Play Indonesia’s ecosystem. With the guidance and insights from these experts, selected startups will be able to fit their products to the market while avoiding common mistakes made by startups. The selected startups will also have free access to Plug and Play Indonesia’s co-working space strategically located at Kuningan, South Jakarta. “With Plug and Play Indonesia’s holistic support, we hope our startups will be able to focus on developing their products and strategically marketing them,” said Nayoko. With its carefully planned and well-tested program, Plug and Play Indonesia is optimist that its startups graduates will contribute significantly in Indonesia’s technology and business development.
At the end of its 3-month Accelerator Program, Plug and Play Indonesia will be holding a Demo Day that is currently scheduled to fall in August 2017. This Demo Day is meant to bridge startups graduates with local and international investors. “One of the main goal of our Accelerator Program is to prepare the best startups to receive funding at the next round. We don’t see Venture Capital as our competitor, but rather as complement to Plug and Play Indonesia’s ecosystem,” said Wesley Harjono, President Director of Plug and Play Indonesia. Interestingly, Jupe Tan, Senior Vice President of Global Operation of Plug and Play Tech Center in the United States, said that Plug and Play Indonesia’ best startup graduates will be invited to join Demo Day in Silicon Valley.
Startups interested in joining Plug and Play Indonesia’s accelerator program has to go through multiple selection stages. The first step is for startups to submit online application through webpage. Plug and Play Indonesia is expecting to get hundreds to a thousand online applications per batch. From all applications, only 100 startups will move forward to the second stage where they have to submit a 3-minute pitching video. The third and final stage is for the top 25 startups to pitch live in front of top management level from Plug and Play Indonesia’s corporate members. Finally, only 10 startups will be selected to join the Accelerator Program that is scheduled to launch in May 2017. Startups interested in joining Plug and Play Indonesia Accelerator Program can apply now at bit.ly/applypnp.
For more information, please contact:
Ervira Natalia
Marketing Manager – Plug and Play Indonesia
Phone : +62 856 8208 283
Email : ervira@plugandplay.co.id
About Plug and Play Indonesia
Plug and Plug Indonesia is the newest member of Plug and Play Tech Center, a global startup accelerator with a mission to help startups in digital technology succeed. Through our offices in 19 cities and 9 countries, Plug and Play has invested in more than 550 startups worldwide. We are partnering with more than 200 corporations, universities, and other supporting businesses from various industries, such as Retail, Fintech, Insurance, Health, Internet of Things, Mobility, Media, and Materials.
About ANGIN
ANGIN (Angel Investment Network Indonesia) is one of official partners of Plug and Play Indonesia. ANGIN is the first and largest angel investor network in Indonesia. It gathers 42 high-net-worth individuals who pool resources together to engage in early stage investment and mentoring. ANGIN team supports entrepreneurs on their fundraising journey by equipping them with the right assets and connecting them with like-minded investors, to ensure these entrepreneurs get the right resources at the right terms.
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