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.