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Jakarta Post

Start-ups urged to explore new sectors

  • Dylan Amirio

    The Jakarta Post

PREMIUM
Jakarta   /   Thu, November 17 2016   /  09:09 am

As the Indonesian start-up scene moves full steam ahead with the enthusiasm of its relatively young players, venture capitals are calling on promising start-ups to embrace the future and new trends.

Trends dominating the Indonesian start-up scene mainly revolve around e-commerce and financial technology (fintech) industries. Due to the many start-ups going into those two areas, there is risk of market oversaturation and stagnant growth, venture capitals say.

Andi S. Boediman, co-founder of local venture capital Ideosource, says that while the Indonesian e-commerce and fintech industries are still promising for newcomers, he said opportunities in other sectors should be considered as well.

Particular trends he noted for 2018 were the internet of things (IoT) and data analytics sectors, which were expected to be supported by more corporate investment.

“For bu...