Indonesia to give big push to IT sector with plans to set up 100 tech parks

President Joko Widodo visit Techno Park of PT Telekomunikasi Indonesia Tbk in Bandung - Photo by Telkom

Indonesia is looking at giving a big push to the information technology sector with its plans to develop 100 integrated tech parks.

The five-year plan to develop the technology sector was part of Indonesia President Joko Widodos electoral campaign agenda.

The proposed techno or science park will be an integrated complex that will bring together industry, academia, research, training, entrepreneurship, banking, central and local government sectors.

Indonesia’s major cities Bandung and Malang administrations are moving forward to give shape to the plan.

Mayor of Bandung Ridwal Kamil has stated his administration plans to build techno parks in the city followed by other regional administration of Malang in East Java and also Surabaya, the country’s second biggest city.

Malang government also plans to build a technopark in Tlogowaru Village, Kedungkakang District. “The Ministry of Industry strongly supports the construction of techno park in Malang,” said Director General for Development Industrial zoning at the Industry Ministry,

The Technopark Industrial Malang will be developed on an area of 627,213 sq m, which will be supported by ICT industry services such as Internet applications, WEB, WAP, software, content electronics, games, animation, tourism, news, education, and customer service.

To spur development of the tech complex, the government plans to provide incentives and facilities to companies or individual investors who will participate in the development of the park. The government will also provide long-term loans and financing for companies that develop techno parks.

Indonesia will draw down from budget funds from three ministries, namely the Ministry of Research Technology and Higher Education, Ministry of Trade and Industry Ministry to support the tech park plan.

Minister of Research Technology and Higher Education Muhammad Nasir said, there were eight tech parks under his ministry of which four have been built. These parks are located in Central Java’s town of Solo; Sragen also in Central Java; Palembang in South Sumatera; Kampar in Riau; Kaur in Bengkulu; North Kalimantan, East Sumbawa, and Papua.

Each science and techno park requires an investment of around Rp 100 billion ($7.19 million).

Indonesia government is targeting to make the country the largest digital economy in South East Asia by 2020.

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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.