Indonesia Digest: BRI Ventures launches accelerator; JETRO partners Indogen Capital

Indonesian corporate venture capital BRI Ventures has launched an accelerator programme while Japan’s JETRO is partnering Indogen Capital and Alumni University of Southern California (USC) Indonesia.

Indonesia’s BRI Ventures launches accelerator programme

Indonesia’s BRI Ventures, the corporate venture capital of the state lender Bank BRI, has launched a new accelerator programme, called Sembrani वीर (read: Wira), together with Fazz Financials and Indonesia’s venture capital firm Prasetia Dwidharma as operating partners for its first batch.

The nine startups, who are joining the eight-week programme, include GajiGesa, Biteship, MYCL, CookLab, Gredu, Restock.id, Minapoli, Tumbasin, and Brick.io.

“One of the important things on our agenda is to help founders not only to get product-market-fit but also go beyond. So we will discuss with the founders to see what is their goal and help them to draw back on what they have to do to reach that goal,” BRI Ventures CEO Nicko Widjaja said in the statement.

Japan’s JETRO partners Indogen Capital

Japanese government-linked organisation JETRO has agreed to collaborate with Indonesia-based venture capital firm Indogen Capital to boost bilateral ties, particularly in the digital investment sector, through JETRO Global Acceleration Hub Service in Jakarta. 

The pact between JETRO and Indogen Capital will enable Japanese investors to scout for the right Indonesian startups.  

JETRO has also partnered with Alumni University Southern California (USC) Indonesia, which has over 1,500 members in the country. Alumni USC Indonesia will provide information on alumni companies that are interested in investing in Japan and vice-versa. 

“The Japanese appetite [for investments] is very high. More than 30,000 participants came here (Indonesia) to look at startups. Post the pandemic, they (Japanese investors) will invest more and more,” JETRO’s Jakarta office president director Keishi Suzuki said at a press conference. 

 

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.