The pandemic has brought down almost every major industry in the world, yet the 
startup ecosystem has managed to thrive amid the challenging moment. In 
Indonesia, the support from the government and the Ministry of Communication 
and Informatics has reinforced the startup growth, enabling more education 
platforms and research to accelerate digital financial literacy across the 
country.  

According to research( 
https://www.dealstreetasia.com/stories/indonesia-fundraising-213826/ ), 
Indonesia received the lion's share of funds raised in 2020 in Southeast Asia 
to the tune of US$2.7billion. The Indonesian Venture Capital and Startup 
Association (Amvesindo) data( 
https://www.angin.id/2021/07/22/new-fund-structure-in-the-field ) also show 
that US$1.9billion has been raised by at least 52 startups as of September 
2020. 

These numbers are indicative of Indonesia being one of the most promising 
country to invest in across the region. Hiro Kiga, co-founder of payment 
solution company Wallex predicts that the trend seems to be in fintech and 
digitalisation for the offline economy. "Now it's come to a point where the 
next segment of the offline users will be digitized. Also, anything that 
surrounds MSMEs such as logistics and last-mile deliveries would be interesting 
sectors to look at," said Hiro Kiga. 

Supporting for the startup scene

While the majority of the startups are based in Jakarta, the trend is spreading 
out to other parts of Indonesia. 

"We are fully in support of the startup's culture, and we will continue to 
develop programs and activities that will help spread the startup scene to more 
provinces other than Jakarta," said Indonesia's Director General of ICT 
Applications, Semuel Abrijani Pangerapan.

The support for startup culture is evident in the series of startup-focused 
programs such as Gerakan National 1000 Startup Digital (1000 Digital Startups 
National Initiative) and Startup Studio Indonesia, in which the Ministry 
assists early-stage startup founders to create their MVP and achieve their 
product market fit by opening access to resources and connections to prominent 
and active startup founders and business opportunities. 

In addition, the Ministry is also promoting investment opportunities at the 
upcoming Joint Exhibition & Junction of Startup Landscape in Indonesia or 
JEJALA ID, a matchmaking event for startups and investors.

JEJALA ID is a multi-faceted event aimed at sharing critical information for 
investors such as the benefits in investing in Indonesia, the most promising 
sectors, as well as success stories from Indonesia's startup scene. 

The entire event will run from October to January, with the first pre-event 
roadshow will be held online on October 29, 2021, for Japan participants and 
venture capitals (VCs), addressing "The Myth Surrounding Indonesian Startup 
Investment".

Keynote speakers from different companies will share their knowledge to help 
attendees gain insight to the Indonesia's startups ecosystem. Participants will 
also hear from other business luminaries, including Indonesia's Director 
General of ICT Applications, Semuel Abrijani Pangerapan; Hiro Kiga, CEO of 
Wallex; Chendy Jaya, CEO of Imajin; and Italo Gani, Managing Partner of 
Impactto. 

The main thrust of the event is connecting 30 well-curated, investible, 
early-stage startup companies to 30 foreign venture capital firms in each of 
the participating regions and countries, which are Europe, Singapore, Japan, 
the United States, and others. 

For more information, and to register, please visit: https://jejala.id( 
https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fjejala.id%2F&data=04%7C01%7Cmarissa.anugrah%40cision.com%7Cf8a1b8fe0a814743afa008d994694117%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C637704002068792688%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=4D6drnflKOlM5VL%2BRb1pZsSiTd3hiJIL1jJQsUfjtHo%3D&reserved=0 
) 

About the Ministry of Communication and Informatics 

The Ministry of Communication and Informatics is the official government agency 
of Indonesia tasked with formulating and implementing national policies in the 
field of communication and informatics. It is also responsible for accelerating 
the distribution of information technology and digital infrastructure so that 
the public can have efficient access to up-to-date telecommunications and 
internet networks.

Source:Ministry of Communication and Informatics of Republic of Indonesia

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   Caption: Jejala Indonesia 2021 Japan webinar event: Addressing the Myth 
Surrounding Indonesian Startup Investment