This post is also available in: Indonesia (Indonesian)
Confident in Your Business Idea? Put That Idea Into a Plan, Then Action. Indonesia Startup, Learn More Now!
Startups are quickly becoming and taking over the world. Indonesia thrives in this global phenomenon and fosters one of the world’s most active startup communities. A booming population in a vast country like Indonesia makes the country desirable and ideal for entrepreneurs to start up their new business. If you are planning to embark on your very own a commercial journey, keep reading to find out more on Indonesian startups. Indonesia startup, learn more below!
What Defines as a Startup?
The startups became all the more popular around the dot-com bubble era in the nineties, and it has not slowed down since. With all the upcoming advances from modern technology coupled with an increasing demand for products and services for market consumption, it is no wonder startups are experiencing ever-growing popularity. Contrary to what many people think, you don’t have to be a tech genius or a computer whizz to break in the startup industry. Generally, the startup is a term for new businesses in search of a business model, that preferably reaps good profit, of course. Anything from creating a piece of new fabric, designing a better space-sharing workspace or even a new hybrid of lychee, qualifies as a startup. In essence, a startup is a unique idea developed by entrepreneurs using creativity and innovation to solve problems.
Indonesia and Startups
The largest archipelago in the world, Indonesia, is an exciting place to begin your business ventures. Aside from the colossal market size, there are two reasons Indonesia is a perfect startup location: one, it has promising investments and two, the Government is very supportive. Since the last decade, Indonesia has been receiving tremendous venture capital deals from markets all over the world, making the country the largest Southeast Asia’s online market. In the third quarter of 2017, the investment deals hit an impressive US$3 billion mark and the number is still growing.
The prominent growth can surely be attributed to the Indonesian Government’s approach to startups. This can be seen through their continuous efforts in launching programmes such as the 1001 Startups and 1001 Digital Startup Movement, which were designed to help upcoming pilot companies. Besides, the Ministry of Research, Technology, and Higher Education has also organised Innovation Indonesia Exhibition (I3E). At this convention, talks, seminars, coaching sessions, competitions and other informative business-related activities were organised in conjunction with the initiative.
Why You Need to Start Your Startup Now
Considering how the conditions to startup in Indonesia are favourable, now is a better time than ever for you to begin your venture. Indonesia is currently on a mission to catapult the nation to become the foremost startup hub and a digital market powerhouse in the Asian region. By the looks of it, Indonesia is undoubtedly on the right track on achieving its mission. However, it is undeniable that starting up in such a country can be a challenging feat. Therefore, be sure to do plenty of research thoroughly before finalising on a business idea and model.