Tag: events

[RECAP] BLOCK71 Healthtech Deep Dive

Posted on | by angin

On March 14, Connector.ID’s Meredith moderated a panel with several healthtech startups making waves in the industry as we know it. In attendance were Nathanael Faibis, CEO of Alodokter, Vinita Choolani, CMO of INEX Innovations Exchange, and Anda Waluyo Sarpadan, COO of Sehati and TeleCTG. Here are some key takeaways from the panel:

    1. What’s in an ideal team? The right combination of passion and skill. To join a healthtech startup, one needs to be motivated and driven enough to endure sleepless nights and the hustle, grind, and uncertainty of startup life. This requires truly believing in the product and the potential impact it may have on society. On the other hand, skills are extremely important – even if you have all the passion in the world, you must still have the right skills (or at least be willing to learn).
    2. It’s not just creating one product; it’s creating an ecosystem. Anda of Sehati and TeleCTG emphasized her team’s approach of creating a holistic solution to the health problem she is trying to address. Rather than just creating one product, she is addressing the issue from beginning to end, creating the infrastructure necessary to implement her TeleCTG innovation which creates a portable, on-the-go CTG device for pregnant women to check maternal health and send data. Meanwhile, Sehati is a mobile app that answers pregnant womens’ most pressing questions, schedules doctors’ appointments, provides an journal interface, and calculates pregnancy condition.
    3. To be number one, you need to do the dirty work. The secret to being #1 on the app store in Indonesia? Nothing extraordinary. Nathanael explains that being number one simply means working hard and consistently to validate your ideas and create something that your user loves.
    4. Local presence is key to market dominance. Vinita recalled INEX’s time in Australia, where they went from millions in market share to zero after local competitors stepped in, undercutting her entire business. Because those local competitors could quickly pivot and respond to demand – saving on time and money -, her business had no chance. Now, she is setting up shop in Indonesia and has a local office here, where she hopes she can fulfill the demand for her groundbreaking innovations in ovarian cancer detection
    5. Partnerships – important, but not essential. Lastly, a hot debate erupted over whether or not partnership and collaboration are essential to a startup’s growth. While Anda and Vinita noted that partnerships were quite vital to their startups’ success, Nathanael gave a different point of view. While partnerships can be important, one does not necessarily need a partnership at every step of the way. There are some things that you can do yourself, and if that is the most efficient way then it’s the way to go.

 

The Deep Dive on Healthtech was one of the most exciting and well-attended events at BLOCK71 to date. We look forward to the next Deep Dive and are grateful to BLOCK71 for inviting us to participate in such a thought-provoking panel.

 

[RECAP] UNDP Indonesia, Government of Canada, ANGIN Roadshow: Lampung

Posted on | by angin

 

ANGIN, together with UNDP Indonesia and the Government of Canada, just finished a 2-day workshop in Lampung (19/02 – 20/02) aimed at empowering social enterprises in the agricultural value chain. The event was also supported by Connector.ID, which provided full-day individual consulting session for those seeking external funding.

 

Opening remarks were given by Deputy Director of UNDP Indonesia, Francine Pickup, continued by Roadshow program introduction by Natalia Rialucky (Head of Impact Investing at ANGIN) and Valencia Dea (Principal of ANGIN), as well as Connector.ID introduction by Meredith Peng (Director of Connector.ID).

The main event began with an inspirational talk by Sabrina Mustopo, co-founder of Krakakoa, who shared the story of her chocolate company which aims to empower farmers by implementing a bean-to-bar concept, which helps farmers to capture higher value add and ultimately, larger amount of income.

 

 

During her session, Sabrina mentioned three key messages:

  • Network is crucial. Sabrina started with no access to farmers and limited knowledge on agriculture. All were overcame as she enlarged her network and actively asked questions to people
  • Fundraise more. Sabrina recommended to fundraise more than initial estimation as it will allow entrepreneurs to focus more on growing the business than tightening the budget due to capital limitation
  • Set a strong “Why”. Based on her experience, Sabrina reminded that social entrepreneurs’ journey will be filled with a lot of challenges that can break their spirit down, especially when no solid motivation is in place

 

After Sabrina’s talk show, the event was followed with three-series of workshops. ANGIN team led two workshops, Investment Readiness and Sustainability and Scalability; while UNDP Indonesia Technical Advisor of SDGs, Ansye Sopacua, filled in a workshop on Impact Measurement.

On the second day, ANGIN team and Connector.ID provided a series of one-on-one meetings with participants, with an aim to mainly support them on fundraising.

We were very happy to see more than 50 engaging entrepreneurs who do not come only from Lampung but also from other cities in Sumatera, Jakarta, Bogor, and Bandung. We would love to thank all the participants for their activeness and eagerness to learn. Wishing you all the best!

[RECAP] UNDP Indonesia, Government of Canada, ANGIN Roadshow: Manado

Posted on | by angin

 

ANGIN team, together with the Government of Canada and the UNDP Indonesia organized a one-day roadshow in Manado last Thursday (22/02).

Exceeding our initial expectation, there were over 40 participants from a diverse set of business background; from tech enabler startup for commodity export-import, brick-and-mortar producers, to handicraft maker from agricultural waste.

 

The event was opened by UNDP Indonesia Technical Advisor for Innovative Financing, Ikhsan Modjo, followed by a welcoming remarks from Michella Irawan, a Manado-based Nexus Indonesia Leader, and an inspirational talk show with the founder of DuitHape, Sara Dhewanto. In her session, Sara shared her challenges and lesson learned in running her business as well as in fundraising. She reminded everyone that building networks is important, not only to gain knowledge, but also to have a bigger voice in enforcing certain agenda/ issue (Example is Fintech association). Sara also emphasized the importance of understanding potential investor before they enter your company; as each has different characteristic and not all is a fit for you.

 

 

Post talk show and lunch break, ANGIN team led two workshops. One was on Investment Readiness and the other was about Scalability and Sustainability.We were left impressed by the activeness of the crowd, especially during interactive game sessions! The event was continued by several one-on-one meetings, dinner, and networking session.

 

Our roadshow was supported by Connector.ID and ANGIN’s Women Spotlight. Director of Connector.ID, Meredith Peng, provided assistance for participants who were seeking external funding, Meanwhile, Samantha from ANGIN’s Women Spotlight conducted a series of interviews with several inspiring women entrepreneurs in Manado. Among them was an women empowerment initiative that aims to equip housewives with the knowledge to produce fish-based snacks; hence providing them with a source of income. Kindly look forward for their stories on our separate blog posts!

 

[RECAP] Welcoming the Future: AI in Your Business Seminar

Posted on | by angin

 

ANGIN team attended the Welcoming the Future: AI in Your Business seminar on the 20th of February, hosted by UnionSPACE, to gain an insight into the future of how Artificial Intelligence will integrate into businesses in the near coming future. The talks were led by Reynir Fauzan, Co-founder & CMO of Kata.ai and Yugie Nugraha, the Project Lead at Rinna-Microsoft AI & Research and facilitated by an Indonesia Entrepreneur Center (IDEC) team member.

The findings presented were quite interesting, with there being a general consensus that chatbots will be a common business solution, as the future of humans and technology is conversational. The technological economy has thus shifted from an app focus in the mid-to-late 2000s to an intelligence economy. It was also highlighted that for chatbots and similar technology to thrive there are four pillars which must be acknowledged which are support, marketing, commerce and intelligence.

We look forward to the evolution of AI technology as we believe intently that this will be an important tool for entrepreneurs in the future Indonesian startup landscape and will help contribute to more exciting advancements.

 

[RECAP] Fundraising Strategies for Early Stage Startups Seminar at Block71

Posted on | by angin

 

ANGIN team members attended the ‘Fundraising Strategies for Early Stage Startups’ seminar on the 21st of February, hosted by BLOCK71 Jakarta, to gain some insight in the criteria venture capital investors are looking for when investing in startups.

The Kopi Chat was between Peng T. Ong, Managing Partner of Monk’s Hill Ventures and moderated by Roshni Mahtani, CEO/Founder at Tickled Media – theAsianparent.com. It was quite a great experience listening to the expertise of Peng T. Ong who was the founder and CEO of Interwoven and Encentuate and the co-founder of Match.com – all three of these companies had successful IPOs on NASDAQ. He put a focus on being driven by actions and living in Indonesia he believes his current purpose is to foster growth is SEA globally through supporting technological prospects.

The event was well attended by many entrepreneurs – locals and foreigners from around the globe – looking for investment knowledge related to the Indonesian market.

Ong highlighted his venture capital investment philosophy in SEA into three points:

 

  1. The Entrepreneur team and founder must be coachable to grow and learn. The entrepreneur must be mature enough to make changes in themselves and to the company in order to adapt and be successful
  2. It needs to have a big business outlook – this is how it should work in SEA. Reaching a global market is vital and there must be opportunity for potentially 1 billion people and generate at least USD 100 mil usd in revenue within 4-8 years.
  3. The business must be able to differentiate itself from competitors as is grows and they must have sustainable proprietary information. Accumulation of proprietary information is key to growth and success.

As a entrepreneur Ong also explained that when starting a company it is also essential to keep clarity, integrity and resilience and to never compromise in the face of weakness as this will just lead to more compromise.

Overall it was an insightful evening which allowed junior ANGIN team members to game an insight into the large scale criteria and requirements of companies in which a VC invests in as opposed to an angel investor.

 

[RECAP] WU Reconnect Party

Posted on | by angin

To celebrate their new space, WU Hub hosted a networking party last Thursday (08/02). The event was well attended by dozens of startup founders, investors, and several ecosystem builders.

We would like to congratulate WU HUB for the newly opened coworking space!

Thinking of moving to a new working space? WU HUB might be your perfect fit.

Strategically located at Kuningan area (opposite Setiabudi One), WU HUB offers shared desk (30+) and private offices (8) at affordable price. Find out more about WU HUB on here!

 

[RECAP]: Yale School of Management: Global Social Entrepreneurship Indonesia 2018

Posted on | by angin

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Global Social Entrepreneurship (GSE) is an elective course and student-led club at the Yale School of Management (SOM). Founded in 2004, GSE has emerged as one of the most popular elective course offerings at SOM. The course is centered on experiential learning, providing students with the unique opportunity to design and engage in pro bono consulting projects with non-profit and for-profit social enterprises working in the fields of economic development, education, sustainable energy, and healthcare.

Each year the GSE course focuses on a different country. Since its inception, GSE has worked with organizations in Peru, South Africa, Madagascar, the Philippines, Colombia, Thailand, Nicaragua, Ghana, and Brazil. For 2018, GSE will be working with client organizations in Jakarta, Indonesia in partnership with the Universitas Indonesia Faculty of Economics and Business.

ANGIN team has been selected by The Yale School of Management to collaborate with GSE to address key business and strategic challenges. We will be working with  a team of five highly qualified students from the Yale School of Management and other graduate and professional programs at Yale University, including Forestry & Environmental Studies, Public Health, and Global Affairs. Our team will also be joined by a student from the Universitas Indonesia. Along with the resources of Yale University and Universitas Indonesia, these students will bring a wealth of professional experience to address the challenging, real-world problems facing social enterprises and non-profits.

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[RECAP]: Australia-Indonesia Youth Leaders Workshop

Posted on | by angin

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It was a pleasure participating in the 2018 Australia-Indonesia Youth Workshop on the 1st & 2nd of February which ran parallel to the Indonesia-Australia Digital Forum. It was a great opportunity to strengthen the people to people links of Australia and Indonesia, enhancing the bilateral relationship. The workshops took place at the Fairmont Hotel and The Australian Embassy Jakarta.

The overarching theme for this workshop had a focus on the digital sector. Throughout the program we were presented talks and keynotes by distinguished professionals in the startup and investment space including Nigel Hembrow, Willix Halim, Fransiska Oetami and our own angel investor Francisco Widjojo.

From this as diverse teams of young Australians and Indonesians we engaged in discussion and formed problem statements to address issues in the Indonesian economy. The winning team now has the opportunity to put there idea into practice with a $10,000 AUD award.

Overall the two days were a great collaboration between the Australian and Indonesian government with an excellent initiative for greater change.

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[RECAP]: Indonesia-Australia Digital Forum 2018

Posted on | by angin

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Thank you to the Indonesian and Australian Governments for jointly hosting the excellent Indonesia-Australia Digital Forum. As Australia’s Department of Foreign Affairs and Trade noted: “The objective of the program [was] to build new areas of cooperation, and to drive momentum in Australia’s commercial links with Indonesia’s vibrant digital economy.” As ANGIN, we were excited to participate in the program on the 1st of February, as well as the supporting program for collaboration with Australian business on the 31st of January.

The conference saw many guest appearances from both key members of the Indonesian government as well as the Australian government. Notably the Gala Dinner was hosted by the Indonesian Minister for Communications and Informatics, Pak Rudiantara. Also present was The Honourable Michael Keenan, who congratulated the forum participants for showing real commitment to the shared future between Australia and Indonesia. Australia’s Prime Minister, Malcolm Turnbull, also made a televised speech from the other side of the ocean.

Being a part of the supporting program for Indonesian and Australian businesses on the 31st of January was also incredibly insightful. A number of important voices in the startup space from both the founders side and the investors side came together to describe the challenges for building transnational private partnerships. To that end, a number of stakeholders were called on to voice their opinions. There were two panels, one facilitated by Convergence Ventures’ partner, Donald Wiharja, and the other by Algorith.ma’s managing director and co-founder, Nayoko Wicaksono. Some topics discussed were: “Will Indonesia’s payment process follow an American or Chinese model?” and “What are the challenges for e-commerce development in Indonesia?”. To answer, a number of industry leaders came together and drew on their vast experiences, notably: COO of Bukalapak, Willix Halim; founder of Acorns, George Lucas; the President of FinTech Australia and Managing Partner of Inventure, Simon Cant; as well as representatives from McKenzie Consulting, the Bank Central of Indonesia, and many other well-recognised speakers.

In addition to the fintech and startup stream that ANGIN participated in, there were a number of simultaneous discussions on the topics of digital health, cyber security, smart government, and creative digital industries. It was truly a comprehensive and informative few days.

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RECAP: Clapham StartupFest 2018

Posted on | by angin

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From February 2 – 3, EV Hive at Clapham was buzzing with young entrepreneurs, students, and investors alike attending the third annual Clapham Startup Fest. Clapham StartupFest is an annual event that aims to bring together the startup community of Medan through two jam-packed days of workshops, panels, and networking. Founders did quick pitches at the expert speed-dating sessions to representatives from investor groups like ANGIN and East Ventures, while others sat in on specialized workshops such as copywriting for social media and legal considerations for startups. Attendees were able to attend a variety of panels and talks ranging from an all-female panel speaking on the unique challenges faced in the workplace to Go-Jek’s Crystal Widjaja speaking on using analytics to manage growth to a personal fireside chat with Kevin Darmawan of Coffee Ventures.

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ANGIN and Connector.ID were able to take special part in Clapham StartupFest this year. ANGIN’s Valencia Dea explained angel investment to a crowd of young and aspiring startup leaders and sat on the Womendiri panel, while Meredith Peng hosted a workshop on the fundraising landscape of Indonesia and how to approach various capital providers. ANGIN team were also glad to discover confident and passionate founders at speed dating and Pitch Stage session.

It was an especially vibrant event this year, with inspiring panelists and event attendees alike. The future of startups is looking bright in Medan, and our hope is for ANGIN and Connector.ID to continue to support this entrepreneurial city’s ecosystem. Special thanks to the Clapham StartupFest team, the event sponsors, and Christopher Angkasa for creating this event and showing us some signature Medanese hospitality!

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