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Jakarta Post

Jokowi wants more unicorns to emerge

  • News Desk

    The Jakarta Post

Jakarta   /   Sun, October 28, 2018   /   01:04 pm
Jokowi wants more unicorns to emerge President Joko “Jokowi” Widodo delivers his speech during the opening of creative economic festival IdeaFest at the Jakarta Conventional Center in Senayan, Central Jakarta, on Oct. 26. (Antara/ Puspa Perwitasari)

President Joko “Jokowi” Widodo has expressed hope over Indonesia producing more unicorns in addition to its four existing startups that are valued at over US$1 billion Tokopedia, Go-Jek, Traveloka and Bukalapak.

“Within three years, we have four unicorns. I want more than that,” the President said in his opening speech at creative economic festival IdeaFest 2018 at the Jakarta Convention Center in Senayan, Central Jakarta, on Friday.

He said rapid changes in technology and industry had led to Industry 4.0, the name given to the rising trend of automation and data exchange in manufacturing technologies.

The President said, currently, technology had developed to a level that was not imaginable a few years ago.

“When I was 20 years old, there was the Star Trek movie. Many [technologies] were only fictional, like the teleporter, virtual intelligence, the replicator, universal translators and video call. Those ideas have become realities,” Jokowi said.

Therefore, he expressed hope that Indonesia would focus on technological development and innovation so as to not be left behind by developed countries.

Jokowi stressed the importance of collaboration among the government, industry and innovators to develop technology and improve the competitiveness of Indonesian products in the global market.  

“The smart ideas need smart execution. Those smart ideas will just be left there if they are not followed with execution,” he stressed.

“Without any collaboration, we can't expect to win the competition. As a great country, we want to win the competition.” (bbn)