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Jakarta Post

Foreign Ministry calls for Indonesian startups to go international

  • Apriza Pinandita

    The Jakarta Post

Jakarta   /   Mon, November 25, 2019   /  07:11 pm
The Jakarta Post Image
A unicorn, in a business sense, is not a sparkly, rainbow-striped mythical creature. It is any privately held start-up valued at over US$1 billion.( achmad zaenuri)

The Foreign Ministry is now playing business matchmaker to connect Indonesian startups and venture capitalists. Deputy Minister Mahendra Siregar has underlined the importance of empowering the startup ecosystem in the country to compete internationally and become the backbone of Indonesia’s economy. The Foreign Ministry hosted the first-ever startup forum on Monday. It seeks to build Indonesia’s digital economy by helping startups engage with international communities. It wants to give them access to international markets and funding. A number of government agencies have made efforts to nurture the country’s digital economy. The best-known initiative is the Communication and Information Ministry’s 1,000 Digital Startups Movement. Similar programs are being conducted by the Industry Ministry and the Research and Technology Ministry. Mahendra said on M...