Bank Mandiri’s subsidiary, Mandiri Capital Indonesia (MCI), and Telkom Indonesia’s subsidiary, MDI Ventures, are targeting startups that utilize advanced technology not widely adopted in Indonesia.
As Mandiri Capital Indonesia is looking for green startups in Southeast Asia and Oceania, including Australia, MDI Ventures, is eyeing global startups in Germany.
Mandiri Capital Indonesia is collaborating with Investible to target early-stage climate tech startups in Southeast Asia and Oceania through the Global Climate Tech Fund program. The fund target is set at USD 150 million, or approximately IDR 2.34 trillion.
Dennis Pratistha, Director of Investment at Mandiri Capital Indonesia, mentioned that the climate tech sector is more mature in Australia and other regions. Thus, this collaboration aims to bring technology, knowledge, and experience from these regions to Indonesia, that will subsequently contribute to the development of the climate tech sector in the country.
On the other hand, MDI Ventures, in collaboration with Antler Germany, is seeking global startups, especially those in deep tech sectors such as biotechnology, cybersecurity, and climate technology.
The CEO of MDI Ventures, Donald Wihardja, highlighted the company’s interest in deep tech startups focused on climate and energy that possess technologies suitable for development in Indonesia.
MDI Ventures has previously funded startups in various sectors, and now they are looking for deep tech opportunities, particularly in climate and energy, to match the needs of their investors.
Both initiatives are part of a broader strategy by Bank Mandiri and Telkom Indonesia to explore and tap into global startup ecosystems, bringing in innovation and expertise to enhance the local landscape. The collaborations aim to facilitate potential investments in cutting-edge technology startups, ensuring they benefit the Indonesian market.
