Startup Studio Indonesia
Startup Studio Indonesia is an early-stage startup development program organized by the Ministry of Communication and Information of the Republic of Indonesia in 2020, in contrast to the National 1000 Startup Digital Movement which seeks startups at the ideation stage and is designing a minimum viable product (MVP), the Startup Studio Indonesia program targeting startups at the Angel stage (having received funding from angel investors) to pre-series A.
In the first batch, the Startup Studio Indonesia program received 668 startups that registered from 32 provinces in Indonesia and were then screened into 20 selected startups.
The Indonesian Ministry of Communication and Information has officially announced 15 selected startups to take part in the Startup Studio Indonesia Batch 3 intensive incubation program. Startup Studio Indonesia is a program offered by the Ministry of Communications and Informatics that aims to assist and foster digital startups that are in the product-market fit1 process so that they can grow. grow so fast.
Startup Studio Indonesia is here to strengthen and complete the digital startup empowerment program, the 1000 Startup Digital Movement and Nexticorn, which was previously launched by the ministry. Through this program, Kominfo targets to produce 150 digital startups by 2024 that can develop their business scale, in terms of the number of users, total revenue, employment, and funding from Venture Capital.
Launched in 2020, Startup Studio Indonesia has grown to become one of the most popular startup incubation and acceleration programs in Indonesia. Through a rigorous selection process, there were 15 early-stage startups out of a total of 5,723 registrants who were finally selected to take part in a series of incubation programs for Startup Studio Indonesia batch 3.
The list of startups includes:
SetKuliner (B2B application for F&B MSMEs)
AyoBlajar (online learning application for elementary to high school students)
Talk (marketplace of consultants and psychologists)
Bolu (courses and services for online sellers)
Eateroo (a social commerce platform for the lifestyle and F&B industry)
Finku (personal finance app)
FishLog (B2B cold chain fishing network)
Gajiku (financial app to give employees access to salary early)
Imajin (marketplace for manufacturing)
Keyta (keyboard application to support online buying and selling)
Powerbrain (energy management company)
CreativeHub (freelance marketplace)
Sgara (shrimp farming platform)
Soul Parking (parking management solution)
Zi.Care (digital hospital information system)
The third batch of the Startup Studio Indonesia program will take place from September to December 2021. Continuing to carry the concept of more brainstorming, and fewer classes, Startup Studio Indonesia focuses on providing knowledge and practical insights through coaching sessions by more than 60 facilitators who are active startup practitioners and leading.
“The coaching session will focus on discussing efforts to improve products and business models, as well as increasing user loyalty/retention before the startup enters the market expansion stage. This is done to help prepare them to face market uncertainty and continue to grow for #GoTheExtraMiles," said Samuel Abrijani Pangerapan, Director General of Information and Communications Applications.
Fifteen selected startups will participate in Founder's Camp and 1-on-1 Coaching sessions related to product-market-fit for four months. The series of Startup Studio Indonesia programs will then be closed at the end of the year with Milestone Day, where startups have the opportunity to explain their business models and achievements in front of startup industry stakeholders. In the 1-on-1 Coaching stage, selected startups have the opportunity to be coached and trained directly by facilitators consisting of well-known startup practitioners, such as Moses Lo (Xendit Co-founder), Christopher Madiam (Sociolla Co-founder), Fajar A. Budiprasetyo ( Co-founder of Happyfresh), Suwandi Soh (Co-founder of Mekari), Hiro Kiga (Co-founder of Wallex), and so on.
“Impact to feels happy and honored to be able to take part in the success of the Startup Studio Indonesia program from Kominfo. In the last decade, Indonesia has become one of the biggest powers in terms of technology development and digital startups in Southeast Asia. We want to continue to maintain the spirit of collaboration between startup actors so that together we can create a strong digital economy ecosystem through knowledge transfer, character building, and highly competitive startup competencies," said Italo Gani, Managing Partner of Impact, who was also one of the partners. one of the curator boards of Startup Studio Indonesia Batch 3.
Since it was first launched in September 2020, the Startup Studio Indonesia incubation program has been attended by a total of 35 early-stage startups in Indonesia. (participants of batch 1 and batch 2). After graduating from the program, the majority of participants were able to scale up and innovate more effectively and efficiently, thereby attracting more users and even securing early-stage funding from investors. Several startups that are alumni of the Startup Studio Indonesia program include Justika, Verihubs, Feedloop, Woobiz, Lingotalk, Sribuu (formerly Alia), Prices, and We help you.
“From the Startup Studio Indonesia Batch 1 incubation program, we studied how to grow a start-up company effectively and sustainably, especially in the context of the Indonesian market. The most interesting thing is that we learn directly from startup founders who are much more experienced, so we can really discuss the challenges and business realities that occur in the startup development process and strategies to solve them. We hope that this program can continue to run so that more Indonesian digital startups can advance to class,” said William, CTO of digital verification startup Verihubs.
About Startup Studio Indonesia
Startup Studio Indonesia was initiated by the Ministry of Communication and Information Technology in September 2020 to support the advancement of Indonesia's startup ecosystem by providing facilities that provide access for early-stage startup activists to develop their business potential.
Carrying the theme More Brainstorming, fewer Classes, Startup Studio Indonesia focuses on providing knowledge and practical insights, and focuses on coaching and mentoring directly from leading practitioners in the startup industry. The Startup Studio Indonesia Indonesia program strengthens and complements the digital startup empowerment program for the 1000 Digital Startup Movement and Nexticorn owned by the Ministry of Communication and Information. Information regarding Startup Studio Indonesia can be accessed at https://startupstudio.id.