Embassy Day Indonesia: Good Times for Startups Driving the Digital Economy and Sustainability in Indonesia on 8 October : ABS Satellite Event
Indonesia, as one of the biggest economic markets in Southeast Asia driven by a youthful population of more than 250 million people owning at least 100 million smartphones, is an undeniable market opportunity. This fact is an advantage for early-stage ventures. Easy access to large pools of untapped growth is critical for early success in providing user and revenue metrics. We’ve seen several businesses grow explosively in recent years as products perfectly fit the market. Strong execution has also helped this.
The country currently has four unicorns – companies that have reached $1 billion in valuation without tapping the stock markets – including ride-hailing company Go-Jek that even become the first decacorn from Indonesia with valuation more than $10 billion, freight logistic J&T Express, travel site Traveloka, and marketplaces Bukalapak and Tokopedia. Regional companies observing this market potential have rushed to Indonesia to grab a share of the market.
This also has an impact on the development of cities, as part of the cities digitization process, Indonesia’s capital Jakarta promotes smart city engagement, innovation, e-Government services, IT entrepreneurship and private sector cooperation. The Jakarta Smart City department, launched in 2014, aims to promote and implement smart city initiatives, including people, mobility, living standards, economics, the environment, and government. It has since become the provincial government’s hub for the latest technology.
Given that fact, it is in our views to prepare a more deep and collaborative connection with the German, EU, and global market. The area of interest will cover health, agriculture/fisheries, green-tech, mobility, fintech and games. The area of work will be conducted through talent scouting competition, landing pad/incubation, and pitching to the investor or partners.
As the 4th most populous country in the world, Indonesia is not just prone to environmental issues that affect the broader region, but also offers many opportunities as a large market with a young tech-savvy population.
This year‘s Embassy Day of Indonesia aims to bring these topics together: discussing current environmental challenges and opportunities for startups in solving these challenges. Green infrastructure and sustainable development are important topics for large unicorns like the GoTo group as well as young and rapidly growing startups like mycotech or Stilt Studios.
As a participant of this event you can learn from interesting case studies and explore the opportunities to engage with Indonesian startups related to digitalization and sustainability. You can also meet Indonesian founders, ready to explore the European market via the AsiaBerlin landing pad.
- H.E. Ambassador Arif Havas Oegroseno – Ambassador of Republic Indonesia to Germany
- Dr. Rainer Seider, Head of Unit for European Affairs, Foreign Trade Policy and Development Cooperation in the Berlin Government’s Senate Department for Economics, Energy and Public Enterprises.
- Daniel Tumewu, AsiaBerlin Ambassador / Moderator
- Tanah Sullivan, Head of Sustainability Strategy & Integration at GoTo Group
- Florian Holm, Co-Founder Stilt Studios / Former CEO, Lazada Indonesia
Track 1 : Internalization ID-DE (Opening Speech)
Track 2: Digital & Sustainable Economy Part 1 (Fireside Chat) & Part 2 (Expert Interviews)
Track 3: Landing Pad Indonesia launch
About AsiaBerlin Summit
The AsiaBerlin Summit offers a platform to establish an international startup ecosystem between Berlin and Asia. We focus on the internationalization of startups across sectors such as Smart Cities/UrbanTech, HealthTech, FinTech, industry 4.0, AI, and Blockchain. Besides expert panels and keynotes by investors and startups on Days 1 and 2 — we will have an Embassy Day program planned in partnership with various embassies of Asian countries complemented by cultural programs as well as satellite events during the Summit. Find the full program of the Summit here.