Indonesia: Telkom sets up IoT marketplace; Plug and Play in JV with local firm

PT Telekomunikasi Indonesia (Telkom), through its subsidiary PINS Indonesia, has announced plans to launch a new online platform for Internet of Things (IoT) products and solutions, while American business accelerator Plug and Play will work with a local company to create an incubator for SMEs in the tech sector.

New incubator for SMEs

Minister of communication and information technology, Rudiantara, said Plug and Play is planning to form a joint venture with an unnamed Indonesian company to support local startups.

Plug and Play founder Saeed Amidi will visit Indonesia this month to ink the deal, Rudiantara said.

“Saeed Amidi of Plug and Play will come to Indonesia as they want to form a JV with an Indonesian firm,” he told reporters in Jakarta recently.

In February, President Joko ‘Jokowi’ Widodo visited the Plug and Play headquarters in Silicon Valley. The US corporation then entered into an agreement with Telkom’s PT Metra Digital Investama (MDI) to support the development of the startup ecosystem in Indonesia.

The agreement covers sourcing deals which will provide access for Indonesian startups to Silicon Valley, as well as assistance in coaching local mentors.

Plug and Play was founded in 2006 as a platform to connect startups to corporations, investing in over 100 companies every year. Within, Plug and Play has accelerated more than 2,000 startups, raised $3.5 billion and has over 260 university, international corporations, and VC partners.

IoT online marketplace

State-owned Telkom said it is now in the preparation process to commercialise the marketplace, and that it plans to launch the platform in early 2017.

“We have declared ourselves as an IoT company by revamping the company’s website, and now, we are going to launch a marketplace and community portal called www.iot-indonesia.co.id,” said Prasabri Pesti, CEO of PINS Indonesia.

“We will also use Blanja.com as a channel for IoT devices and solutions. Meanwhile, Finnet could be our payment platform,” Pesti added.

Experts believe that Indonesia’s rising IoT will help connect more than about 29.5 billion of IoT hardwares globally by 2020, with the country being the fourth largest in IoT spending in the world.

Before PINS, Bandung-based IoT firm DycodeX had launched Makestro back in April. Makestro serves as an online marketplace for IoT hardware, and provides tutorial and a cloud platform for IoT makers. Other IoT startups in Indonesia include Cubeacon, eFishery, Magic, FoxLogger, and Siramin.

Also Read:

Telkom Indonesia eyes M&A in Asian markets, to spend $1.7b on digital business

Indonesia: Telkom, Telstra to jointly invest in in startups in Southeast Asia

Indonesia: Telkom partners US accelerator Plug and Play; Jurnal raises Series A round

Indonesia Dealbook: SK Telecom in IoT pact, Fitch upgrades Protelindo rating 

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.