fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Product Launch
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Accelerator

Indonesian Government-backed Accelerator Achieves $65.8 Million in Funding for Alumni Startups

Kyung Mi by Kyung Mi
26 May 2023
in Accelerator, Investments
0
Indonesian Government-backed Accelerator Achieves $65.8 Million in Funding for Alumni Startups
7
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Government-supported accelerator program Startup Studio Indonesia (SSI) is now accepting applications for its seventh cohort. The program, backed by the Indonesian Ministry of Communication and Informatics, has witnessed its alumni raising a total of $65.8 million (RM305 million) in funding.

SSI has opened the application process for its seventh batch, scheduled to commence in May 2023. The accelerator program is supported by the Indonesian Ministry of Communication and Informatics (Kominfo) while it is dedicated to helping the growth and success of startups by providing them with valuable resources and opportunities. The program focuses on helping early-stage companies achieve product-market fit and boost their business expansion.

By prioritizing this aspect, startups can ensure that their products or services align with market needs, making them more appealing to potential investors. Besides, the program facilitates networking opportunities and knowledge exchange with established startup leaders across Asia, enabling participants to gain valuable insights and learn from their experiences.

SSI’s team of mentors and coaches include industry experts from leading technology companies in Indonesia such as Xendit, eFishery, IDN Times, Halodoc, and Bukalapak.

Startup Studio Indonesia primarily targets startups in the pre-Series A funding stage or earlier, with a minimum of six months of traction and a consistent month-on-month growth rate of at least 5%. These criteria ensure that the selected startups have demonstrated initial market validation and possess the potential to scale their operations effectively.

Semuel Abrijani Pangerapan, the Director General of Informatics Applications at the Ministry of Communication and Information Technology, expressed the firm commitment of the Indonesian government, under the purview of the Ministry of Communication and Information, to provide support to startups in Indonesia, regardless of the challenging technological landscape.

“We will exert all efforts to provide steadfast support to startups in Indonesia. We are optimistic about the emergence of exceptional startups from Indonesia through the Startup Studio Indonesia program,” he affirmed.

The Ministry of Communication and Informatics Indonesia has set a goal to nurture 150 early-stage businesses by 2024 through the SSI program. With the start of the seventh cohort, the program will accept an additional 18 firms, bringing the total number of supported startups to 115.

Tags: Accelerator ProgramIndonesiaInvestment
Previous Post

ByteDance Co-Founder Resurfaces with New Venture in Hong Kong After Two-Year Absence

Next Post

Philippine Startup Venture Fund now has $143m to boost ecosystem

Related Posts

edit post
Indonesia’s Digital Mortgage Startup Ringkas Secures $3.5M in Seed Funding Round
Investments

Indonesia’s Digital Mortgage Startup Ringkas Secures $3.5M in Seed Funding Round

June 2, 2023
edit post
Indonesian Startup Stockbit and Singapore-based Fullerton Join Forces to Expand Wealth Management Solutions
Investments

Indonesian Startup Stockbit and Singapore-based Fullerton Join Forces to Expand Wealth Management Solutions

May 30, 2023
edit post
Philippine Startup Venture Fund
Accelerator

Philippine Startup Venture Fund now has $143m to boost ecosystem

May 29, 2023
edit post
ByteDance Co-Founder Resurfaces with New Venture in Hong Kong After Two-Year Absence
Investments

ByteDance Co-Founder Resurfaces with New Venture in Hong Kong After Two-Year Absence

May 26, 2023
edit post
Mark & Company and Yoonmin Foundation Introduce KRW 5 Billion Launch Fund, Invest in 19 Growing Companies
Investments

Mark & Company and Yoonmin Foundation Introduce KRW 5 Billion Launch Fund, Invest in 19 Growing Companies

May 29, 2023
edit post
Singapore-based Telehealth Platform ORA Raises $10 Million in Series A Funding Round
Founders' interviews

Singapore-based Telehealth Platform ORA Raises $10 Million in Series A Funding Round

May 18, 2023
Next Post
edit post
Philippine Startup Venture Fund

Philippine Startup Venture Fund now has $143m to boost ecosystem

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Product Launch
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback