The startup program in Indonesia is one of the supporters of economic growth in Indonesia. So what is it like? startup that? and what are the programs? Check out the following article.
Startup or start-up is a term that is applied to a company that has only been running for less than 5 years after the company was started.
The term was popular in the early 2000s when companies began to take advantage of internet technology. Industry’dot-com’ became popular and used to start a business.
Company startup originally intended for start-up businesses, but now business startup more defined as a business engaged in digital technology innovation.
In general, startups put more emphasis on e-commerce with creative industries such as software developmentdesign, music, clothing/fashion, and more.
In general, startup has several characteristics, namely operating less than 3 years since its establishment, the number of employees is less than 20 people, and is still in the development stage.
Even though it has few Human Resources (HR), this company has qualified and competent human resources multitasking or can fill various positions in the company.
As is known, Indonesia has the 6th largest internet user in the world, so it is not impossible if digital business can develop rapidly in this country.
Development startup in Indonesia itself is arguably the highest in the Southeast Asian region with a total valuation value of 13.8 billion US dollars or equivalent to Rp. 199.2 trillion in 2022.
Getting to Know Startup Incubation and Acceleration
The rapid growth of these startup companies cannot be separated from the existence of programs startup in Indonesia, namely incubators and accelerators. So what do these two things mean?
1. Incubator
Incubator in startup is a program aimed at helping startup business players to develop more and encourage the company’s progress startup itself.
The existing programs include direction and guidance (mentoring) given by professional business actors or experts in their fields such as concept improvement, marketing, product innovation, and others.
The period of the incubator program runs for about 6 months or even more. Not only companies that already have businesses, but companies startup which is still in the form of a concept, is also assisted in this incubator program.
The incubator is also important to expand the company’s network, because in it the company startup helped to have connections to big companies, investors, even the government.
2. Accelerator
Accelerator Startup is a business program that supports start-up companies in terms of providing guidance and education, besides that this program also provides financial assistance.
As the name suggests, the accelerator has the characteristics to accelerate (increase acceleration) of the startup itself. This program is usually carried out in a shorter period of time than an incubator, which is about 3 months.
The accelerator earns a profit, by owning a portion of the shares (ownership of the company). The purpose of the accelerator is to increase value and grow the business.
Enterprise accelerators are usually more flexible and open up space for other, more diverse industries. The company’s accelerator is also open to anyone, but the competition in it is quite high.
Startup Programs in Indonesia
After knowing a brief explanation of the incubator and accelerator, here are some programs startup in Indonesia held by the government and private sector.
1. Startup Studio
The startup is a continuation of the 1000 Digital Startup program organized by the Ministry of Communication and Information (Kominfo) of the Republic of Indonesia.
From the Startup Studio Indonesia program, Kominfo targets to be able to print 150 startup digital technology until 2024 which has succeeded in developing its business scale from various aspects.
2. Gojek Xcelerate
Gojek Xcelerate is a collaboration program between Gojek and Digitaraya which lasts for approximately 6 months. Joining this program, it’s not impossible if startup can enter into the environment of the famous company.
3. Google for Startups
Google for Startups has been held since April 2022 with the target startups local. Google provides guidance as well as connecting startups to 117 venture capitalists, so they can easily find funding.
4. Grab Venture Velocity
Grab Venture Velocity is a program that is focused on fostering Middle Class Micro Enterprises (MSMEs) to develop further. This program is held for 3 to 4 months.
During the program, startup given the opportunity to try to sell their products on platform Grabs such as TaniHub, SayurBox, and GrabKios.
5. SYNRGY
SYNRGY is a startup program in Indonesia organized by Bank Central Asia (BCA) since 2022. Company startup will be given business guidance, partnerships, mentoringto funding.
The final word
That’s the information about the program startup in Indonesia, I hope the above information can be useful. Sabilia would like to thank you for visiting this site.
