ASIATODAY.ID, JAKARTA – Indonesia and Europe initiated collaboration in the field of startup technology innovation.
To make this happen, the European Directorate 1 of the Indonesian Ministry of Foreign Affairs, in collaboration with Impactto, held Startup Talks: Igniting Indonesia-Europe Collaborative Opportunities at the Shangri-La Hotel, Jakarta, Tuesday, 27 February 2024.
Impactto is a collective startup developer platform that provides incubation services and development of a supporting ecosystem to help early stage startups in the process of achieving product-market fit (PMF).
“The enormous potential and economic value of the startup ecosystem in Indonesia is currently providing momentum to increase mutually beneficial collaboration with partners in the European region,” said Expert Staff for Economic Diplomacy, Dindin Wahyudin when opening the Startup Talks.
Meanwhile, this forum was initiated as an effort to provide a platform for showcasing and sharing experience between Indonesian startups, especially in the field of smart technology and technological innovation for Micro, Small and Medium Enterprises, with various strategic entities, especially from the European region.
This activity was attended by around 250 participants from Indonesian startups, representatives of venture capital from Europe, Embassies of European countries, State-Owned Enterprises (BUMN), multi-national companies, Chamber of Commerce and Industry (KADIN), as well as representatives of related business/industry .
Speakers at this event included Italo Gani, Co-Founder & Managing Partners of Impactto, Hasbi Asyadiq, Founder & CEO of Assemblr, Mr. Andri Mahendra, Founder & Director of Nicslab, Reza Pir Nazar, Co-President of La French Tech Indonesia and Gabby van Herpt, Dutch Regional Startup Liaison from the Dutch Embassy in Singapore.
On this occasion, several Indonesian startups operating in the smart technology sector, including: Imajin, Prieds, Automa and Ravelware Technology also presented a showcase of their pioneering products to participants representing stakeholders from Europe.
“The high potential of Indonesia’s startup economy will provide a great opportunity to encourage growth and create new opportunities for the national economy in the future. “Currently Indonesia has 2 Decacorns, 13 Unicorns and 2,591 startups with an economic growth rate of 5.05%,” said I Nyoman Adhiarna, Secretary of the Directorate General of Informatics Applications, Indonesian Ministry of Communication and Information, quoted Wednesday, February 28 2024.
He further said that Bank Indonesia has projected Indonesia’s economic growth to reach between 4.7 and 5.5% in 2024, so that the current conditions are considered conducive to expanding opportunities for local startups to create products and services that can meet the needs of the Indonesian people.
By bridging the understanding of the Indonesian startup landscape and ecosystem with Europe, Startup Talks activities are expected to support the progress of each other’s startup ecosystems, both from the regulatory framework and effective startup ecosystem development strategies.
Indonesia’s collaboration with European startup stakeholders who have advantages in the field of smart technology is important to be able to access each other’s expertise and sustainable resources for mutual benefit.
Startup Talks participants had the opportunity to discuss and share experiences, both best practices and lessons learned, especially regarding strategies for finding global partners and identifying market entry strategies, especially in the European region.
Various important recommendations that emerged in discussions regarding the startup ecosystem include suggestions that startup actors and partners involved can collaborate to form an inclusive startup ecosystem.
The Startup Talks also voiced the hope that the government, startup actors and universities could collaborate to increase innovation capacity at the national level. (AT Network)
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