Indonesia's East Ventures launches startup programme amid layoff wave

Indonesia's East Ventures launches startup programme amid layoff wave

Photo by Nasik Lababan on Unsplash

Indonesian venture capital firm East Ventures has launched the fourth edition of its startup initiative, Indonesia PASTI BISA, called Maju Terus Pantang Mundur (Keep Moving Forward, Never Give Up), in response to the massive tech layoffs in the country recently, the firm said on Wednesday.

East Ventures wants to create a platform to support individuals affected by the layoff storm, said its co-founder and managing partner Willson Cuaca. “We believe in the importance of collaboration among all players in the ecosystem to go through the hard times, as we always do,” he said.

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