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Jakarta Post

US-based incubators to support Indonesian startups

  • The Jakarta Post

    The Jakarta Post

Jakarta   /   Thu, October 29, 2015   /  05:47 pm
US-based incubators to support Indonesian startups Illustration. (via kompas.com)

Illustration. (via kompas.com)

Seven US-based business incubators have revealed their interest in joining Indonesian startup-coaching programs following a recent meeting led by Communications and Information Minister Rudiantara at the Plug and Play Tech Center in Silicon Valley, the US.

According to Kibar Kreasi Indonesia CEO Yansen Kamto, the Indonesian entourage proposed three programs to the incubators: a startup exchange, a mentoring network and curriculum sharing.

"They said they were interested in Indonesia and offered their assistance including by enabling us to send local mentors to Silicon Valley to learn. [The incubators] mostly have curriculums [on startup] already, but we will still have to see them and adapt them to our needs," Yansen told kompas.com on Thursday.

The incubators that attended the meeting included Techstars, StartX, GSVlabs, 500 Startups, F50, Y Combinator and Plug and Play.

Techstars, GSVlabs and Plug and Play have not yet entered Indonesia, while 500 Startups has invested here already but is interested in further involvement in developing the ecosystem.

The startup coaching programs are part of the government's efforts to reach its target of there being 1,000 high-quality Indonesian startups by 2020.

In addition to Yansen, other Indonesian representatives at the meeting included Achmad Sugianto from Telkom Indigo, Sanny Gaddafi from The Founder Institute Jakarta chapter, Andy Zain from Kejora, Donald Wihardja from Convergence Ventures, Italo Gani from Adskom and Emirsyah Satar from MatahariMall.com. (kes)(+)

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