Local wisdom can attract more investors to invest in domestic start-up companies, Ministry of Communication and Informatics’ Director General of Application and Informatics Semuel Abrijadi Pangerapan stated.
“With the combination of the ever-developing market and technology start-ups rooting to local wisdom, we are optimistic that Indonesia’s technology start-ups can attract more investors and (become more) mature to collaborate,” Pangerapan noted while opening the HUB.ID Summit through online means in Nusa Dua, Badung District, Bali, on Monday.
Meanwhile, the ministry’s Director of Digital Economy, I Nyoman Adhiarna, expressed optimism that the national start-up ecosystem would develop further through the HUB.ID event.
“(The ministry’s) target at this event is to increase the exposure of Indonesia’s digital start-ups, open synergy and collaboration opportunities for start-up companies, and open funding access for digital start-ups,” Adhiarna noted.
The official stated that the HUB.ID Summit is the conclusion of incubation and acceleration activities involving various domestic start-up companies.
HUB.ID Summit is organized by the communication and informatics ministry to facilitate newly-formed start-up companies to enter the digital ecosystem. The summit will enable start-up companies to connect with venture capitalists and business partners to further their start-ups.
Technology start-up companies that participated at the summit are active in five business sectors: enterprise and government technology, agriculture technology, health technology, social commerce and SME enablers, and web 3.0.
Some 80 start-up companies have been selected to participate and meet 80 venture capitalists and business partners during the forum.
Events organized at the summit comprised various panel discussions involving actors in the digital technology ecosystem, 1-on-1 business matchmaking with venture capitalists, and networking activities.
Source: Antara News