Did you know that 2 of 4 South East Asian #decacorns & 8 of 30 South East Asian #unicorns are Indonesian startups? Indonesia is also a massive contributor (40%-70%) of the revenue of ASEAN unicorns and offers several critical attributes from the perspective of scaleups looking to expand market reach:
✔ Large and growing market as the 4th most populated country in the world (~280M)
✔ Rapidly increasing digital economy
✔ Young and tech-savvy population & a growing middle class with increasing purchasing power
✔ Many underserved markets especially around healthcare, education, logistics, and agricultural solutions
✔ As a regional gateway for South East Asia it offers additional growth prospects beyond Indonesia itself
"Terima Kasih" to the Indonesian Consul General Listiana Operananta and her wonderful team for being so proactive and open in facilitating today's discussions on the theme of "Indonesia-Western Australia Innovation Ecosystem: Unlocking Opportunities in Startup Avenues."
The presentations by Jodie Hanns MLC and Parliamentary Secretary to the Minister for Innovation and the Digital Economy, Science, and Medical Research, Semuel A. Pangarapan, DG of Informatics Application, Ministry of Communication and Informatics Indonesia, Italo Gani, Co Founder & MD of Impactto HUB.ID Indonesia, and Charlie Gunningham from the Department of Jobs, Tourism, Science and Innovation, certainly highlighted the opportunities for both entrepreneurs and investors.
Thank you to Brad Cunningham for the panel discussion which followed between Jodi Pujiyono Susanto, Juvenco Pelupessy, James Williamson 吉米, David Quayle, and our very own Pia Turcinov AM. Key takeaways were that there is definitely untapped potential for avenues of growth and opportunities for more sustained relationship-building conversations and collaborations!
VROC, The AIoT Company, Orijin Plus, Zi.Care, Skystar Capital, Ganis Garnisa #indonesiabusiness #startups #scaleups #venturecapital #investment #marketgrowth Glenn Butcher (Apologies to James Williamson 吉米 who is missing from this photo).
Seasoned Communications Strategist | Driving Digital Impact across Industries | Change Advocate | Tech Enthusiast | Opinions are my own
1moPlease also comment on the collaboration with the GIP owned by BlackRock Inc, one of the major funders of the US military industry which has been supplying weaponry responsible for millions of deaths over the years, not least the genocide in Gaza.