A number of Indonesian business leaders have come together to form an angel investor network- Angel-eQ Network – that will fund early-stage start-up tech companies in Indonesia.
The founders of Angel-eQ Network include Malaysia’s Air Asia Bhd chief executive officer Tony Fernandes, president director of television network operator Intermedia Capitaland Erick Thohir, CEO of media conglomerate Emtek Group‘s digital business unit Adi Sariaatmadja, The Jakarta Globe reported.
Politician and diversified conglomerate Tason Putra Mandiri holding president director Emil Abeng, listed investment firm PT Kresna Graha Investama Tbk president director Michael Steven, Saratoga Capital co-founder Sandiaga Uno and Shinta Dhanuwardoyo, founder of digital agency Bubu.com, were also among the fifteen co-founders of this platform that will invest in the select, curated startups, from the booming tech startup space in Indonesia.
“Angel-eQ Network encourages direct investment in early-stage companies that have not yet received funding from institutional investors, such as venture capital and private equity firms, while at the same time supporting participation and investment in local incubators, accelerators and investment funds,” Shinta, the main organiser of the angel investors network told The Jakarta Globe
Meanwhile, financial company a co-founder of the Angel-eQ network and managing partner of Kilara Group Adriani Onie said that she hopes to “strategically help build the entrepreneurship ecosystem in Indonesia.”