Indonesia Digest: Grab launches incubator; Tokopedia opens AI centre

In the latest moves by tech unicorns in Indonesia, ride-hailing firm Grab has announced the launch of Thinkubator,  a startup conference and competition, while e-commerce company Tokopedia has launched an AI development centre in partnership with Universitas Indonesia.

Grab introduces Thinkubator Conference

In what seems to be a public-private collaboration, Grab has tied up with five government ministries and agencies to launch Thinkubator, a startup conference and competition to find the next decacorn startup in Indonesia.

The initiative backed by Coordinating Maritime Affairs Ministry, the Office of Presidential Staff (KSP), Ministry of Communication and Information Technology, the Indonesian Investment Coordinating Board (BKPM) & Agency for Creative Economy (Bekraf), will help expand and develop the technology and startup ecosystem across Indonesia, Grab said in a statement.

The Southeast Asian ride-hailing giant claims that as many as 1,165 startups across Indonesia have signed up for the programme, which has focused on diversity and inclusion. Of them, 150 have been shortlisted and selected to join the conference that includes workshops and networking opportunities.

The programme will then select six top finalists who will pitch their ideas in front of a professional panel of top business leaders that includes William Tanuwijaya, co-founder of Tokopedia; Friderica Widyasari Dewi, executive director at KSEI; and Chairul Tanjung, chairman of CT Corp.  The Thinkubator Final will be broadcast live on national TV.

The finalists of Thinkubator will have a chance to receive funding from a total pool valued at Rp 3 billion, including access to Microsoft Azure to grow their business.

Tokopedia launches AI centre in collaboration with Universitas Indonesia

Indonesian e-commerce unicorn Tokopedia has teamed up with Universitas Indonesia (UI) to launch an AI development centre, the company said in a statement.

The Tokopedia-UI AI Centre of Excellence claims to be the first AI development centre in Indonesia that has a deep learning supercomputer technology from NVIDIA, the V100 GPUs built on the Core Tensor architecture to accelerate AI performance.

Through the collaboration, researchers from UI will develop AI-based solutions to address problems that occur in society and industry, including the e-commerce industry, such as logistics, risk management, cybersecurity, and payment. In addition, researchers will also be able to examine various ways to help traders produce and provide services, and create better products by using NVIDIA’s super-computer technology.

For the university, the collaboration is expected to strengthen the spirit of innovation for UI academicians that will help contribute world-class level of research findings for the advancement of the Indonesian economy to the next level.

The move by Tokopedia follows that of competitors Bukalapak, which in February launched an artificial intelligence and cloud computing center in collaboration with the Bandung Institute of Technology (ITB).

Also Read:

Ride-hailing giant Grab to increase Singapore headcount to 3,000

Tokopedia said to acquire double-digit stake in payment startup OVO

Indonesia’s Bukalapak launches local R&D center, bike sharing service

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.