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.