NUSADAILY.COM – JAKARTA – The Ministry of Communication and Informatics (Kominfo) opened registration for Batch 3 of the Startup Studio Program commencing this month.
“Startup Studio Indonesia aims to support a more highly competitive national start-up ecosystem. It provides equal access to knowledge, competence, and networking to early-stage start-ups all over Indonesia,” Director General of Informatics Applications of Kominfo, Semuel Abrijani Pangerapan, noted in an official statement on Friday, July 16, quoted from Antara.
“We really hope that more start-ups from the local participate in Batch 3, so that more local youths perform at the national level,” he stated.
Startup Studio Indonesia targets start-up businesses to gain access to quality resources for business development.
Registration for the third batch from July 15 to August 15 is open for start-ups that are in the bootstrap funding stage, angel round, pre-seed, seed, pre-series A, and series A.
Kominfo has prioritized start-ups in the six sectors of education, health, maritime, agriculture, tourism, and logistics.
The program is also open to start-ups that already have business traction for a minimum of three to six months and have gone through the ideation stage and been validated as a user.
Kominfo has outlined several administrative requirements, such as the start-ups should comply with legal requirements and their founders should be working full-time at the company. Start-ups should also be able to demonstrate potential on market fitby looking at the traction on active users’ graphic and retention rates.
Start-ups were also mandated to demonstrate the ability to scale up and have a path to scalability and profitability.
The Startup Studio Indonesia Program bore the theme of “More Brainstorming, Less Classes.”
Kominfo will announce 15 selected participants on September 8. The start-up founders will then be trained and mentored by over 60 mentors comprising start-up practitioners in various business sectors.(mic)