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Impact IDN Talk: Sustainable Innovation

Yuk Gabung Impact IDN Talk!

Impact IDN Talk adalah seri diskusi untuk menghubungkan social entrepreneurs, investor, dan pembuat kebijakan yang peduli dengan dampak berkelanjutan (baik sosial dan lingkungan) dalam sebuah wadah berbagi pengetahuan mengenai impact investing dari generasi ke generasi.

Bulan ini, kita akan berdiskusi mengenai inovasi yang berkelanjutan baik untuk sosial, lingkungan, maupun finansial. Ari Sutanti, Programmes Manager British Council, akan memberikan pesan pengantar diskusi untuk kita, dan Stephanie Arifin, Direktur Platform Usaha Sosial, akan memandu diskusi kita bersama pembicara-pembicara yang siap membagikan insight dan pengalaman mereka!

Pembicara:

• Luky Alfirman, Direktur Jendral Pengelolaan Pembiayaan & Risiko Kementerian Keuangan Republik Indonesia
• Benedikta Atika, Impact Investment Lead, Angel Investment Network Indonesia (ANGIN)
• Azalea Ayuningtyas, Co-founder & CEO Du ‘Anyam dan Krealogi

Daftar sekarang di bit.ly/impactidntalk dan jadi bagian dalam ekosistem impact investing karena #bersamalebihberdampak!

ANGIN & UN Women: Indonesia’s Women Leaders in Investing and Enterprises Workshop 2019

Posted on November 25, 2019 | by David Soukhasing | Leave a Comment

(Jakarta, 22 November) — Following our commitment in promoting women empowerment and fostering agents of sustainability, United Nations (UN) Women and ANGIN were pleased to hold Indonesia’s Women Leaders in Investing and Enterprises Workshop. The workshop was developed by UN Women and ANGIN as a part of WeEmpower Asia Programme, with the aim to promote and develop key leaders in Women Empowerment, especially in efforts to accelerate and achieve gender equality and economic growth. We invited influential and committed women leaders to further thrive on their respective fields as an agent of social change.

The event was opened by a panel discussion on Women’s Economic Empowerment: Barriers, Tools, Opportunities with Jamshed Kazi (UN Women Country Representative), Julie Sutrisno (Chairwoman of the National Craft Council East Nusa Tenggara), Shinta Kamdani (ANGIN Co-Founder, Member of APEC Business Advisory Council), and Virginia Tan (Founding Partner of Teja Ventures) as panelists and Saskia Tjokro (Head of ANGIN Impact) as the moderator.

Julie Sutrisno said that the main challenges were the lack of capital and market access. She added that giving trainings was not enough, the government also had to open the market access so there would be economic turnaround. Support from both private and public sectors would be a huge help for women’s economic empowerment. Shinta Kamdani added, “The financing aspect is a big part of supporting women and gender lens investing, and we have to find various ways to create more funds to support women’s enterprises. Government’s presence also needs improving, because we need policies and regulations to support this as well.”

Virginia Tan pointed out that technology is not just a tool, it’s an instrument for scale. Most investors think of social as only social, and commercial as only commercial, but there’s a commercial potential in social that can be unlocked. She talked about how technology could be suited around women’s situations, like Sehat Kahani (a telehealth platform from Pakistan that provides underserved patients with access to quality healthcare by connecting them to home-based women doctors) and VIPKID (a Chinese platform connecting children with native English speakers for one-to-one online language lessons).

Jamshed Kazi cited a research report by McKinsey Global Institute, estimating that if women in every country were to play an identical role to men in markets, as much as $28 trillion would be added to the global economy by 2025. He highlighted how much we’re losing because women are not given the chance to fulfill their potential. Another barrier that needed to be addressed, he added, was how sometimes men didn’t want to share the burden at home, like cooking, cleaning, and taking care of the kids and it would continue to hold back women from the amazing things that they had already been doing.

After the panel, the workshop participants worked in small groups to create action plans according to their role, whether as an entrepreneur, investor, or a growth enabler. Here are some of the action plans from the workshop: 1) Women leadership training, because mentorship is also needed to run a successful enterprise. 2) More spaces for women entrepreneurs to connect and share. 3) Social training for entrepreneurs. 3) Go beyond the big cities and reach for less-saturated cities. The workshop ended with a pledge to take action for women’s economic development, read by Halida Hatta.

IMPACT Pitching on AIS Forum Startup Business Summit 2019

Posted on November 1, 2019 | by David Soukhasing | Leave a Comment

Initiating change and triggering a collective and sustainable impact, ANGIN in partnership with UNDP Indonesia and Coordinating Ministry of Maritime presents Impact Pitching in Blue Economy sector. IMPACT Pitching is an innovative pitching platform designed for interactive interactions between global blue economy startups, SMEs, potential investors and growth enablers located in the heart of Indonesia’s Blue Economy, Manado city. Curated by ANGIN, this event is a part of Startup & Business Summit 2019 held by Archipelagic & Island States multi-countries forum (aisforum.org) to promote innovations and build partnerships for greater impact in the blue economy ecosystem. IMPACT Pitching was held on Thursday, 31st of October, Hall A AIS SBS 2019 Venue. To open this event, Luhut Binsar Pandjaitan, the coordinating minister of the Coordinating Ministry of Maritime Affairs and Investment attended and delivered an opening speech.

Novi Juwita, Business Development Associate as ANGIN Team Project Lead

She accommodates discussion between the team and partners within on-demand consultation sessions with UNDP and Coordinating Ministry of Maritime. In her expertise in managing relationships, she manages multiple stakeholders from government institutions, international organizations, startups, investors, and growth enablers. In this project, she collaborated with the investment team to design the IMPACT Pitching, curate startups belongs in the blue economy sector, and with the communication team to prepare promotional contents, event branding, and kits.

10 Blue Economy Startups
Carefully selected from 121 blue economy SME startup businesses, ANGIN curated 10 startups. Through open for applications and existing ANGIN database, the startups curated came from various cities around AIS Countries and addresses different problems concerning the sea. ANGIN also held special training sessions for them to develop their pitching skills. Those startups are:

1. Nanobubble.id, Improving Water Quality and Productivity with Nanotechnology
2. Triarsa, Pioneering the Production of 100% Biodegradable Plastic Products
3. FishGO, Navigation-based App Designed to Improve the Living Standard of Traditional Fishermen
4. Wujudkan, Sustainable Technology to Minimize Drought and Flood Risk
5. Plépah, Areca Palm Sheath as Material Substitution for Food Container
6. Docking.ID, Platform to Connect Ship-owners and Shipyards & Marine Vendors
7. Voluntreep, Online Platform to Combine Donation, Volunteering, and Traveling
8. Pijakbumi, Empowering Sustainable Fashion through Eco-friendly Shoes
9. Indofishery.id, Connects Fishermen and Consumers Alike
10. Sampangan, Waste Processing Technology Converting Solid Waste into Active Carbon

Investors and Growth Enablers Attended
To enable the development of the startups participating, ANGIN invited potential investors and growth enablers, which are startups assistance organizations coming from various institutions from public to private sector including Patamar Capital, Courage Rocks, Prasetiya Mulya University, C4D Partners, PT Samudra Mandiri Sentosa, Bank Rakyat Indonesia, UN Women, Oxfam Indonesia, The Ministry of Cooperatives and SMEs, and many more. The audience came from 7 countries, including Singapore, UK, Japan, The Netherlands, Indonesia, France, and Switzerland.

From this event, more than half of the startups participated had successfully made their initial interaction with relevant investors and growth enablers. IMPACT Pitching has gathered ecosystem players together to further strengthen the blue economy of Indonesia through supporting and activating innovative startups. Through this project, we hope we can make more impact by collaborating with organizations alike

Sri Mila Hardiana, The Pioneer of Tenun Goods Entrepreneur from Sukarara

Posted on July 4, 2019 | by David Soukhasing

Known as Ana, Sri Mila Hardiana is a successful Tenun entrepreneur from Sukarara. We asked her about the challenges she faced in her business, and how she was able to balance local tradition and modern business strategy.

“Initially I just wanted to try it, I was walking a thin line between being brave and reckless. Instead of being idle, I think of it like doing a lucky draw. That is why I posted these tenun goods on social media. Ah, it turns out that I am very lucky ”

Sri Mila Hardiana, known as Ana, is a tenun goods entrepreneur from Sukarara. She was born into a family of entrepreneurs where both of her parents run businesses, her mother with her furniture and daily goods, and her father, who was once a truck driver, with his logistics company. Ana is the ﬁrst child with a younger sister, who is also an entrepreneur in a similar industry, fashion.

Her encounter with entrepreneurship started in the first year of study at the University of Mataram as an economy student. Learning some basics from university, she sold cosmetics and bags online, in which she used Facebook as a marketing tool.

We paid a visit to her house. The first view was her small pavilion, decorated with three weaving tools. Two weavers were doing their work when we arrived. Shortly afterward, Ana appeared and invited us to her tenun goods gallery located at the facade of the house. Ana is social media savvy, even when we were interviewing her, she goes back and forth to take photos so she can post it on Instagram story. From her business, Ana gets an average profit of 75 million rupiahs every month. Even so, she encountered many diﬃculties when she ﬁrst started her business.

Ana’s Challenge When Starting Her Woven Goods Business

“No!” Ana yelled in excitement when telling us her story “The problems were mostly from the weavers. I was riding my motorbike alone in Sukarara on hot sunny days to find weavers who would want to work with me,” said Ana. But finding weavers is not the main problem, instead, the problems came from the differences in aesthetic tastes and motivations between her and the weavers. “They have their own desires, and sometimes, they also refuse to weave diﬃcult patterns because they are used to weaving from whatever threads they have. Not to mention that they don’t have a fixed schedule to weave. I am a perfectionist myself. If the tenun is not good, I will not buy it,” said Ana.

Apart from those problems, Ana also explained that she had communication problems with the weavers. Color is very important in kain tenun; however, Ana and the Lomboknese weavers use diﬀerent languages to describe colors. One time, when Ana said that she wanted a dark blue, instead, the weaver used lighter shade of blue.

With soft pastel colors, the woven fabric that Ana sells stands out amongst the kain tenun produced in Lombok. Ana designs her own contemporary pattern based on her modification of the traditional pattern. In the designing process, she uses digital media and references from the internet.

Another challenge Ana faces is the downside of digital devices and media. As it is more efficient to sell goods online, some people in Lombok who have never used the Internet, are worried about whether to trust her or not, especially when it comes to making transactions. Aside from that, her designs can be stolen by her business competitors.

Ana and Her Skill to See and Seize Opportunities

Despite the diﬃculties mentioned above, Ana has managed to develop strategic decisions for developing her business. Recently, she started to hire some weavers to work full time to meet the demand. Another strategy that she does is endorse events in Lombok, such as like the local beauty pageant Putri Mandalika. From this beauty pageant, Ana’s tenun is known as Putri Mandalika Tenun. As her tenun rises on the runway, she receives not just exposure, but also opportunities from government.

As an entrepreneur, Ana is a pioneer in creating an entrepreneurial ecosystem in Lombok, a place where various limitations mirror the conﬂict and tension between traditional culture and globalism. Basic yet essential complications, such as language, habits, traditional norms, and the inability to use technology are challenges to overcome before making any speciﬁc developments.

[RECAP] Youthpreneur in Action 2019

Posted on July 3, 2019 | by David Soukhasing | Leave a Comment

On June 29th and 30th, Podomoro University’s first year students in the entrepreneurship program participated in a start-up fair “Youthpreneur in Action 2019” at Kuningan City Mall. At this event ANGIN and Connector.ID were asked to speak to the university and high school students present at the event.

David Soukhasing represented ANGIN. He was asked by the moderator of the panel many questions about different scenarios and how each affects an entrepreneurs’ chance of being invested in. David emphasized, “Team is crucial. We want people with heart and skin in the game,” when answering questions of this nature. Furthermore attendees asked about the different types of startups that ANGIN specifically invests in which led the discussion to ANGIN’s project with AWS and UNDP, Connector.ID.

Connector.ID was represented by Emily Izmirian, Candice (Jiaying) Li, and Jacob Johann Wee. In the presentation they described the mission of the platform and how it helps entrepreneurs, like the students at the event, be connected with funding from different capital providers.

The ANGIN and Connector.ID team were happy to be involved with this event and learn about the local startup ecosystem of the university. They saw much exciting potential.

Ken Ratri Iswari – Official Country Ambassador for She Loves Tech 2019

Posted on July 3, 2019 | by David Soukhasing | Leave a Comment

As the host of She Loves Tech 2019 Indonesia Local Round, ANGIN proudly announce that Noni Purnomo is now an Official Country Ambassador for She Loves Tech Indonesia 2019. She is a Business Woman, Philanthropist, and mother of 3 daughters. She was listed in “Power Women in Asia”by Forbes.

Known as the President Director of PT Blue Bird Tbk, she founded Blue Bird Peduli which recently launched the ‘Women Empowerment Project’ to empower more than 40,000 wives of Blue Bird Group employees and drivers. She is also actively supporting several start-up companies through her own investment company and through ANGIN Women Funds, which she was a co-founder. Her active involvement in several mentorship programs has recently awarded as “Mentor of the Year” by Endeavor Indonesia. She serves a board member of the Australia Indonesia Institute, a Chairperson of Intelligent Transport System Indonesia Chapter, Indonesian Transport Society Board of Presidium, Board of Advisor of IPMI, Coca Cola Amatil Indonesia and an advisor to Antler Asia. A Young Presidents Organization Member since 2003. As per March 2019, she was appointed as the member of member of University of Indonesia Board of Trustee member for period 2019-2024.

Read our interview with Noni Purnomo regarding her opinions on the tech trend in Indonesia!

Q: What is specific technology trending now in Indonesia?

Mobile payment (also known as e-money/e-wallet) is undoubtedly one of the most visible technology and lifestyle trends in Indonesia. Initiated 10 years ago, mobile payment growth in the next consecutive years have been exponential. Now mobile payment is widely used in everyday transaction in the urban parts of the country. This phenomenon has led to (i) the switch from cash and bank cards as the traditional mode of payments to mobile payment; and (ii) a wide participation of un-bankable segment in cashless payment mode.

Using a dedicated app or through API in third party apps, people in Indonesia cities now transact using mobile payment to pay for a wide range of everyday transactions from utility bills to insurance premium, from taxi ride to movie ticket, from buying foods to purchasing goods, both at online commerce and off-line merchant sites. A phenomenon leading to the like of what China’s payment landscape has now become.

This trend is reflected in the statistics where mobile wallet transaction value compounded annual growth rate for 2008 to 2014 was at 71%. Consecutively for 2015-2021 period, the compounded annual growth rate is predicted even higher at 85%. Those exponential figures are considered phenomenal for the case of a payment method adoption.

Dominated by few mobile payment issuers namely LinkAja, GoPay, OVO, Dana, and CIMB Rekening Ponsel, the technology in this field will continue to grow along with the growth of users and participating economic sectors.

Q: How is this technology impacting the society or everyday life in the community?

Due to its efficiency and convenience to use (cashless, less worry for change, no bank account required), mobile payment has attracted users in a massive way. This is on top of the strategy that e-money issuer has been using such as embedding mobile payment in their “super Apps” that are used by millions of people daily, making it easier to make transactions in those apps for their everyday needs. Issuers also generously lure people to try their mobile payment and use it more and more by providing loyalty points, discounts and cashback.

In society, this trend has both reduced the use of cash and also the role of banks in serving as the interface for transaction (through bank cards). Millions of people in unbankable segment can now participate in cashless transactions, or even use the facility to simply store their money. These days people start to make P2P deposit transfers between their mobile payment accounts (in household between family members, for remittance to families at hometown, for P2P transactions, among others) traditionally served through bank transfer or money transfer agent. In some industries people also even begin to receive their salaries in their mobile payment accounts.

On the merchant side, mobile payment has enabled informal economic sector’s participation in cashless transaction. Food hawkers, on-call cleaning service, even charity at houses of worship, among many others are now starting to receive cashless payment – reducing the hassle of providing change and the risks of carrying cash. We will see more and more of these.

Q: How do you think this technology develop further? What are other possible trends and impact you see in the future?

Firstly, the room for this mobile payment market is still very large. Some 180 million unbankable people in Indonesia provide enough rooms for every mobile payment issuer to keep growing rapidly for the next few years. Additionally, mobile payment has only been used 24 percent in overall e-commerce spend and as little as 5 percent in point-of-sale spend (Digital 2018 Indonesia Reportby We Are Social and Hootsuite).

Secondly, we will see the mobile payment technology ecosystem (among them are QR code, blockchain, payment gateway, mobile Point-of-Sale device) will continue to advance. We also expect to see mobile payment implementation in many different applications and approaches such that it becomes more integrated to our everyday activities.

On the concern of security and privacy, the big data capture that goes along with this technology will soon need to be accompanied by a more stringent regulation to protect individuals. We have growing number of frauds where data and access is being abused in different ways resulting financial or reputation damages to the users.

Nevertheless, mobile payment has now become a significant way of life for many Indonesians. Along with concerns on some of its aspects, its added value to the society is also tremendous. And as mobile payment technology leverages big data of which its value has linear correlation with big markets. Indonesia’s scale in South East Asia enables better economic of scale for mobile payment technology– thus providing a bright future for mobile payment development in the country.

Q: Why do you choose to support She Loves Tech?

I chose to support She Loves Tech because we share the same interest and passion: woman empowerment, technology development, entrepreneurship, investment.

I have been spending my entire career building, growing and now leading Blue Bird Group, a group of family businesses which has turned into one of the largest transportations and logistics company in Indonesia. Not only that Blue Bird Group has always been the pioneer in technology innovations, it is also proudly known for its woman empowerment program. Going beyond recruiting and putting women for key positions in a male-dominated industry, the program is also actively supporting and empowering housewives of our tens of thousands of drivers through a so-called ‘Kartini Bluebird’, which named after a historical Indonesian figure – the national inspiration for woman participation.

I’m a founder member of ANGIN – Angel Investor Network of Indonesia, the country’s first and largest investment network committed to building Indonesia’s entrepreneurial ecosystem. From its beginning as a fund by women for women, women empowerment has always been one of ANGIN’s core values. Through its ‘Women Spotlight’, ANGIN actively showcases inspiring stories of women leaders and entrepreneurs throughout the country to aspire fellow young female leaders to embark on their own journeys.

I also serve as a mentor in Endeavour Indonesia, established in 2012, with a mission to build a strong entrepreneurial ecosystem in Indonesia. Endeavor Indonesia’s founding Board of Directors comprises of Indonesian prominent business leaders who provide financial and strategic support while also serve as mentors for entrepreneurs in the network. Endeavour is actively supporting emerging markets’ long term sustainable economic development by selecting, mentoring, and accelerating high impact entrepreneurs.

Noni Purnomo – Official Country Ambassador for She Loves Tech 2019

Posted on July 2, 2019 | by David Soukhasing | Leave a Comment

Read our interview with Noni Purnomo regarding her opinions on the tech trend in Indonesia!

Q: What is specific technology trending now in Indonesia?

Technology: Intelligent Transportation System.

As technology is getting more accessible, affordable, and faster, its application in transportation sector is one of the most visible in Indonesia and has enabled new level of advancement of mobility services in the country, particularly in urban areas.

Under the so-called intelligent transportation system, technology enables mobility ecosystem to be connected, informed, coordinated, automated, shared, efficient, and green. Such development allows for new forms of service such as Mobility as A Service (MaaS) where people can now use different modes of public transportation to go from point A to point B seamlessly and comfortably – and be given more choices on how to subscribe to those services. It also allows users to use a single cashless mobile-app-based payment that is more efficient and convenience.

Going beyond that, intelligent transportation system also opens up for new approaches in urban mobility as a whole through shared ride, emission-free ride, efficient and informed mobility, smart traffic control, and much safer, comfortable and assured journeys.

Q: How is this technology impacting the society or everyday life in the community?

This development has impacted society in different ways. Firstly, people are no longer necessary to go directly to each individual transport provider to secure reservation. People can now also access mobility services through a wide range of feature-rich third-party platforms, using different modes of payment including e-money/e-wallet.

Secondly, people are now given options to either purchase a single trip, multiple trip, or subscribe to a weekly/monthly mixed-mobility plan. Some platforms even offer to combine mobility services with other services such as food and goods delivery in a single subscription. With such innovations, people’s mobility behavior has started to change where they can now plan their daily mobility better, smarter and more efficient.

Thirdly, the greenaspect of intelligent transport system has started to raise people’s awareness on the environment issues. The electric taxi introduced by Bluebird, the biggest taxi service in Indonesia, has put environment issues into mainstream attention, gaining people’s interest and awareness towards the concern on environment especially on emission reduction.

Fourth, this new mobility trend also triggers the implementation of recent technology such as IoT, Electronic Road Pricing (ERP) and mobile (App) payment for toll roads, among others. While some of them are still in infant stage, wider application can be highly expected in coming years.

In the industry, this development in the transportation industry has caused no less than a sea change, where: (i) it has attracted new non traditional players offering technology-enabled innovative mobility services; and (ii) it has caused a new industry dynamic where consolidations, collaborations, and co-creations of mobility services among players are the new norms.

Q: How do you think this technology develop further? What are other possible trends and impact you see in the future?

Intelligent transportation system, while gaining a rapid adoption, has just only scratched the surface. Going forward, we will see more transportation providers joining the trend, more cities adopting intelligent mobility, and introduction of new innovations in mobility services.

We can also expect deeper and wider use of specific technology such as IoT device embedded in transportation system, zero-emission electric taxis and busses, connected vehicles, e-ticketing, among others. All of which allow for new mobility landscape in the country.

The technology which allow for big date capture also open for new development in adjacent industries such as insurance, financing, vehicle workshops, logistics, loyalty providers, and advertisement. We expect to see new innovations leading to better, more efficient, and customized services provided by those industries.

Similar to other new technology adoption, the new mobility trend has also caused its own issues such as disruption to traditional transport providers, data security and privacy concerns, concentration of power in few players backed with strong capital, reduced bargaining positions of small and micro players, and slow-to-adapt government regulation to ensure fair, safe and healthy transportation industry.

Nevertheless, intelligent transport system will keep progressing towards betterment as it has been providing better mobility service for the society – something that is highly awaited by hundreds of millions of Indonesians in hundreds of cities across the country. Ultimately, intelligent transport system is the proposition towards accessibility, sustainability, and humanity of mobility services.