Govt-backed Startup Studio Indonesia alumni snag $22.7m funding

Govt-backed Startup Studio Indonesia alumni snag $22.7m funding

The government-backed Startup Studio Indonesia (SSI) programme, which seeks to assist early-stage startups in achieving product-market fit, opened registration for its fifth batch in May.

Since its launch in September 2020, 65 startups have joined the SSI programme and collectively raised $22.7 million in funding. About 30-40% of participants in each batch receive seed or pre-seed capital following completion of the programme.

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