Indonesia

Jakarta

Late-Globalization Phase

Greater Jakarta functions as headquarters for all national and many regional large industries, corporations and government offices. There’s a high internet and mobile penetration and a growing number of middle-income citizens. It’s a great setup for startups.

M. Andy Zaky
Secretary General of MIKTI

Sub-sector Strengths

Fintech

In 2018, Indonesia’s central bank, Bank Indonesia introduced a regulatory Fintech ‘sandbox’ to test innovative startups while the Financial Services Authority launched OJK Infinity to build the Fintech ecosystem as a part of the national financial system. In addition, a Fintech Office was established, through Bank Indonesia, by the Indonesian government to facilitate discussions and assess the benefits, risks, and potential of fintech startups. Moka, a startup building mobile point-of-sale for SMEs, raised $33 million in a Series B round in September 2018, and Akulaku, a financial services provider, raised $100 million in a Series D round in 2019.

Why you should invest in Jakarta

SOFTWARE STARTUP OUTPUT
800-1.1k
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
$12 bn
GLOBAL AVG.
$5 bn
Top 10 Global Ecosystem
Affordable Talent
5
Exit Growth
INDEX
7
Output Growth
INDEX
4
Funding Growth
INDEX

Reasons to move your startup to Jakarta

EARLY-STAGE FUNDING PER STARTUP
$181 k
GLOBAL AVG.
$284 k
TOTAL EARLY-STAGE FUNDING
$181 m
GLOBAL AVG.
$837 m
SOFTWARE ENGINEER SALARY
$26.2 k
GLOBAL AVG.
$58.3 k

Relaxed regulations for IPOs

Indonesia’s stock exchange announced plans to loosen rules and launch a technology section in 2019 to include initial public offerings by startups.

Developing infrastructure

Presence of a large number of incubators and accelerators including Google-backed Digitaraya, the international Plug & Play Accelerator, and the GnB Accelerator, and some prominent VCs including East Venture, MDI, Mandiri Capital, and GDP Venture.

Startup Community

Startup Genome
Partners & Members

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