Jakarta, Indonesia, January 17, 2022 /PRNewswire/ – JEJALA ID, an initiative of the Indonesian Ministry of Communications and Information Technology, concluded its series of programs with a hybrid seminar on the Indonesian startup market and a one-to-one virtual matchmaking session at Expo 2020 Dubai, the January 2-3, 2022. With more than 30 Indonesian startups organized at the Indonesian pavilion at the expo, the program attracted more than 25 participating investors and international visitors from over Singapore, Japan, Europe and united states of america.
After years of world expos showcasing the latest innovations and showcasing 192 national pavilions, Expo 2020 Dubai is a promising platform for Indonesian startups to engage with international audiences.
Semuel Pangerapan, Director General of Computer Applications of the Ministry of Communications and Computers of Indonesia said, “As one of the largest and fastest growing digital economies, we are committed to promoting thriving Indonesian startups globally. Our participation in Expo 2020 aims to cultivate the ecosystem of the country through broad market access and strong capital opportunities and multi-faceted startup segmentations.”
At the Indonesia Startup Market Insight Seminar on January 2, Semuel joined Italo Gani, venture capital partner of East Ventures; Adrian Gilrandy, CEO and Founder of Praktis; and Williem, CTO and Founder of Verihubs, to discuss the future of indonesia digital economy, providing participants with practical solutions for decision-making.
Currently, about 73.7% of the Indonesian population have embraced the internet with 21 million new digital consumers at the start of the pandemic, 72% of which came from non-metropolitan areas. This shows a high growth penetration rate across the country.
The prolific situation leads Indonesia to successfully develop its digital economy, making it one of the countries with the highest growth of startups in 2021. indonesia the digital economy should exceed 130 billion US dollars by 2025.
Business matchmaking between international VCs and Indonesian startups
The one-to-one virtual matchmaking session on January 3, has enabled more than 30 foreign venture capital firms to directly exchange information with 30 Indonesian emerging startups organized. The session was conducted using an automated platform-based matchmaking system.
One of the curated startups is Gajiku, a tech platform that seeks to financially empower the masses. They do this by partnering with employers to offer early wage options to their employees. This allows employees to cover emergency or one-time expenses caused by cash flow problems, avoiding the high fees typically charged by predatory lenders.
“The opportunity to connect with a global audience at Expo 2020 has had a huge impact on our business. By facilitating a personalized networking session with reputable companies, the program has helped emerging startups grow and contribute building a global digital economy in Indonesia,” noted Sherman Tanuwidjaja, CEO and co-founder of Gajiku.
The Indonesia Startup Market Insight Seminar and Virtual Matchmaking Session is the culmination of JEJALA ID’s four-month events, which began with pre-event rounds for Japan, Singapore, Eastern Europe, and United States. This illustrates the government’s commitment to empowering young start-ups to take to the global stage.
More information about JEJALA ID’s series of activities and selected Indonesian startups at Expo 2020, visit jejala.id or contact info@jejala.id
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About the Ministry of Communications and Computing
The Ministry of Communications and Information Technology is the official government agency of Indonesia responsible for formulating and implementing national communication and information technology policies. It is also responsible for accelerating the diffusion of information technology and digital infrastructure so that the public can have efficient access to the latest telecommunications and Internet networks.
For more information, visit www.kominfo.go.id.
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SOURCE Ministry of Communications and Information Technology Republic of Indonesia
