Tag: startup

[RECAP] Opening Workshop Cloud Computing Launching Making Indonesia 4.0 Startup

Posted on | by David Soukhasing | Leave a Comment on [RECAP] Opening Workshop Cloud Computing Launching Making Indonesia 4.0 Startup

 

Tuesday, September 6th 2018, Vivian and Devina from Angel Investor Network Indonesia (ANGIN) got a chance to join the launch of Cloud Computing Workshop which is the initial activity of Making Indonesia 4.0 Startup Competition. This effort is aim to invite Indonesia’s young generation to keep abreast of technological developments in 4.0 era in order to spur national economic growth.

Minister of Industry Indonesia, Airlangga Hartarto explained, one of the government’s efforts to push the target was to collaborate with a well-known startup, PT Amazon Web Service Indonesia.  The registration is open for local technology startups who want to take part in the Making Indonesia 4.0 Startup Competition until November 20th 2019 and will be ended with the Startup Festival 4.0 in December.

Along with several associations, communities and institutions incl. AWS Indonesia, Cloud Computing Associatry, Block 71 Jakarta, Indonesia Robotics Community, Estubizi Network, Creative Technology Industry  Indonesian Business Incubator Association, Information dan Communication Indonesia, Rice INTI Bandung & ANGIN will collaborate together to socialized the program, carry out further guidance for the startup and give an opportunities to provide access to the investors. ANGIN will also be one of the panel judges in this competition.

Coinciding with the launching of the Making Indonesia 4.0 Startup competition, the Directorate General of IKM Ministry of Industry signed a cooperation agreement of  expanding access to the IKM market through e-commerce  with PT. Karya Anak Bangsa (GoJek), PT. R Giant Laju Lintang (Ralali.com) &  PT. Dusdusan Dotcom (Dusdusan.com).

Here to know more about www.i4startup.id 

[RECAP] Launch GoStartupIndonesia

Posted on | by David Soukhasing | Leave a Comment on [RECAP] Launch GoStartupIndonesia

 

Last Thursday, 6th Sept 2018, Valencia from Angel Investor Network Indonesia (ANGIN) was invited  to witness the launch of GoStartupIndonesia platform by Indonesia Creative Economy Agency (Bekraf) and Indonesia Stock Exchange (BEI).

Also known as “Government Support for Startups in Indonesia”, it is a common spirit and movement to accelerate the growth of ecosystems that are conducive to startups in Indonesia, especially in the creative economy sector at various levels of the startup cycle. The platform was also a follow up  form of support and development of creative economic startups to encourage access to capital for startup through GoPublic.

In addition, the platform also focuses on boosting the growth of the local investor to invest in local startup.  Through Investor Relation Unit, it will be one of the GSI main concerns.

Here to find out more about GoStartupIndonesia.

[UPCOMING] Global Entrepreneurship Bootcamp 2018

Join ANGIN at Block71 for the Global Entrepreneurship Bootcamp demo day! Our Head, David, is invited as one of the judge.

About Global Entrepreneurship Bootcamp

Global Entrepreneurship Bootcamp (www.gebootcamp.com) is being organized by Oya INC. and co-organizer UTINDO CreativeWorks in Jakarta, Indonesia from 2nd to 5th July 2018. The Bootcamp is supported by Massachusetts Institute of Technology (MIT) and Watson University.

Global Entrepreneurship Bootcamp is a 4-day series of intensive educational/leadership sessions designed for youth aged between 16 and 25. It aims to provide participants with an overwhelming life experience to develop the necessary entrepreneurial skills to start their own venture. Global Entrepreneurship Bootcamp will help participants to redefine their limitations and achieve the heights they have dreamt of.

[RECAP] K-Content Expo 2018

Posted on | by David Soukhasing | Leave a Comment on [RECAP] K-Content Expo 2018

At the K-Content Expo 2018 in Bangkok, I had the pleasure of meeting with numerous startups and organizations in the Korean creative industry in sectors ranging from character licensing, VR, EdTech, film production, broadcasting, comics, video games, and animation. Throughout the two meeting-filled days I learned about the opportunities and challenges facing this industry both in Korea and around the globe.

Everyone I met with cited the opportunity for novel Korean content and entertainment to spread to other countries in Asia that have not yet been fully exposed to it. Many particularly noted Indonesia as a promising region to target due to its very large and digitally savvy population. Although there was widespread optimism about expanding to adjacent regions, content creators emphasized the importance of finding the right local partners in order to ensure successful distribution and adoption. It was clear to me that the consumer media preferences in Korea were quite different than in other regions and that the type of content that has been successful there may not necessarily be elsewhere. As a result, all of the companies were very keen on understanding the local preferences of each of these adjacent regions thoroughly before taking action.

It will be interesting to see how the Korean creative industry develops going forward — I will certainly be keeping an eye on it. I am grateful to have been able to meet the extraordinary companies and people at the K-Content Expo, and look forward to keeping in touch in the future. I would like to thank KOCCA for hosting and inviting me to such a rewarding event.

KOCCA is a government agency under the MCST, supporting the advancement of creative industry in Korea, which encourages global business and enhances cultural exchanges, MCST and KOCCA hold the K-Content EXPO around the world yearly.

[RECAP] ANGIN goes to Echelon Asia Summit 2018

Posted on | by David Soukhasing | Leave a Comment on [RECAP] ANGIN goes to Echelon Asia Summit 2018

It’s conference season for the Asia Pacific’s startup and investor community – and Singapore happens to be the place to be. ANGIN team members Meredith Peng and Riaz Bhardwaj attended the Echelon Asia Summit 2018 in Singapore from June 28 – 29. Echelon is one of the region’s most hottest anticipated conferences, bringing together investors, startups, corporates, government, tech ecosystem players, and customers in one space. Simultaneously occuring was the TOP100 Startup pitch competition, where 150 handpicked startups from APAC battled it out on stage.

Aside from the various insights from talks, keynotes, and panels on Southeast Asia’s startup ecosystem, the ANGIN team enjoyed speaking to both startups and investors interested in the Indonesian market. We are excited to hear growing interest in Indonesia – startups who want to scale their solutions into Indonesia as well as investors who see potential in Indonesian startups. We are confident that ANGIN is well-positioned as an ecosystem player to become a natural partner in these efforts; through our research and consulting arm as well as harnessing the power of technology via Connector.ID, we believe that we can support this growing interest in the Indonesian market from major APAC players.

ANGIN is also pleased to have been invited to the MOIBA dinner, where startups and investors from around the region networked and gained meaningful connections over food and drink. We would like to thank the e27 and Echelon teams as well as MOIBA for the invitations and look forward to collaboration and mutual partnership in the future.

[RECAP] KopiChat: Getting Ready for a Business Exit with Natali Ardianto & Aryo Ariotedjo!

Posted on | by David Soukhasing | Leave a Comment on [RECAP] KopiChat: Getting Ready for a Business Exit with Natali Ardianto & Aryo Ariotedjo!

On Fri (29/6), Nadira from ANGIN attended Block71’s monthly KopiChat where Natali Ardianto (Co-founder of Tiket.com), moderated by Aryo Ariotedjo (one of ANGIN’s angel investor), talked about the exit strategy for a business.

Natali co-founded four startups, where two of them successfully exited. First was Urbanesia.com, a city directory, acquired by Kompas, the biggest media company in Indonesia. Second was Tiket.com, an Online Travel Agency, acquired by Blibli.com

Here are the key takeaways:

  • You always need to plan the exit  before you start your business. It’s easier to work backwards than trying to figure out things while you go. If you plan to sell your company, your aim is to have a large GMV. If you plan for an IPO, then your goal is to have net assets and an audited financial statements. An IPO exit was what Natali had in mind for Tiket.com
  • For Natali, technology, marketing, and finance are the 3 most important aspects of building your business. He puts an emphasis on finance, stating that you need to be conscious about managing your money. At the end of the day, investors will always talk about money.
  • Fun Fact: It only took him 3 months until Tiket.com got acquired. This is because Tiket.com’s finances are very detailed and thorough, they are even audited by Ernst & Young!
  • Even if you aim for an IPO exit, it doesn’t mean you shouldn’t raise funds. Fundraising is like stages of life and a healthy fundraising (around once every 1-2 years) is necessary.
  • You should hire a good and experienced CEO for your company since they would understand the effect of taking each decisions

We hope all attendees gained valuable lessons from this KopiChat! We look forward to the next one.

[RECAP] World Environment Day at Greenhouse!

Posted on | by David Soukhasing

On June 5, 2018, ANGIN was invited to the World Environment Day 2018 talk at the Greenhouse Cowork center. The World Environment Day is an annual event led by the United Nations focused on raising awareness on the world environment. This year’s theme for World Environment Day is #BeatPlasticPollution. Speakers for the event included representatives from Greenhouse, Waste4Change, Project Semesta. Gerakan Indonesia Diet Kantong Plastik as well as the Danish ambassador, Mr. Rasmus Kristensen, and the Swedish ambassador, Mrs. Johanna Skoog.

 

Here are the key takeaways from the event:

  1. Both Sweden and Norway uses various incentives, such as taxes or refunds,  to change behavior on plastic use, recycling, and general waste management
  2. In a short 27 city trial run of a plastic bag charge, plastic bag consumption has declined by around 55%
  3. The resulting snowball effect resulted in the Indonesian government working on a plastic reduction policy which includes targets such a 70% reduction of marine plastic debris by 2025
  4. Roughly 80% of Indonesia’s waste materials can be composted and recycled yet roughly 80% is not managed properly
  5. There needs to be a paradigm shift towards Reducing, Reusing and Recycling rather than only focusing on disposal/landfill
  6. There are 5 Aspects that are needed to implement responsible waste management: policy/regulation, stakeholder participation, finance, institutions and operational technique
  7. What we can do to start eliminating waste: rethink, refuse, reduce, reuse, recycle and reroot

 

[RECAP] NextICorn International Summit 2018

Posted on | by angin

ANGIN was honored to have attended the NextICorn International Summit 2018 from 9 – 10 May 2018, held at the Bali Nusa Dua Convention Center. The summit was opened with amazing speakers including Chairman of Indonesia’s Investment Coordinating Board Thomas Lembong who spoke directly to the audience on the administration’s dedication to supporting the startup ecosystem, the managing director of Sequoia Capital India Sheilendra Singh, and Minister of Communications and Information Technology H.E. Rudiantara. An all-star panel with Indonesian Unicorn CEOs comprised of GO-JEK’s Nadiem Makarim, Traveloka’s Ferry Unardi, Tokopedia’s William Tanuwijaya, and Bukalapak’s Achmad Zaky then spoke about Indonesia’s startup potential in a digital age and their own unique journeys and experiences.

The rest of the conference bustled with activity. In the main hall, speakers from different industry verticals such as fintech, health, and education spoke to concentrated audience members. Meanwhile, hundreds of meetings were occurring between hopeful startups and investors in hallways, meeting rooms, and lunch tables. In total, 70 curated and selected seed to Series C startups were present, including ANGIN’s own portfolio company, Taralite.

ANGIN is delighted to have partaken in such a meaningful and productive conference. We are grateful to have reconnected with so many familiar faces and meet many new ones, and highly anticipate next year’s NextICorn summit.

[RECAP] Entrepreneur Summit Welcoming Alumni LPDP 2018

Posted on | by angin

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!

About LPDP
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.