US accelerator Plug and Play selects 11 startups for first Indonesian batch

Source: Plug and Play Indonesia

US accelerator Plug and Play (PNP), in collaboration with investment advisory Gan Kapital, on Monday announced that it has selected 11 Indonesian startups for its three-month accelerator programme.

The startups – who will be granted around $50,000 each – are P2P lending Dana Didik, KYCK, Otospector, Bustiket, vehicle-advertising agency Karta, Sayurbox, bank account info provider Brankas, video job interview platform Astronaut, digital insurance provider Bandboo, recruitment app Wonderlabs, and Toucan.

They have been selected from among 400 others, who came from various cities in Indonesia such as Jakarta, Bandung, Yogyakarta, and Bali, as well as countries like Malaysia, Singapore, Hong Kong, India, and Germany.

Pitching sessions were conducted in stages in front of judges from PNP Indonesia, PNP Asia Pacific, PNP Silicon Valley, and representatives from corporate members like Astra International and Bank Negara Indonesia (BNI).

“Our corporate partners also have the right to vote for the startups who will be joining our accelerator programme,” president director of PNP Indonesia, Wesley Harjono, said in a statement.

“This is one of the ways to ensure that our startups will get the benefits of working with corporates,” he added.

Aside from funding, the startups will have access to workshops and co-working spaces in Jakarta. They will be mentored by experienced founders, investors, and professionals such as Sebastian Sieber (Lazada), Sukan Makmuri (KUDO), Natali Ardianto (Tiket.com), Nikita Semenov (Zen Room), and Rama Mamuaya (Daily Social), among others.

Plug and Play had previously said that it will commit to investing in about 50 Indonesian startups per year, deploying as much as $10 million budget.

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