Friday, April 19, 2024

Sinar Mas Land, KUMPUL.ID support startups in finding investors through DNA Demoweek

Reading Time: 2 minutes
Journalist IBP





Real estate development company Sinar Mas Land (SML) and entrepreneur ecosystem builder KUMPUL.ID held the Digital Hub Next Action (DNA) Demoweek to support startups in finding angel investors, venture capitalists, and investors.

The March 8 and 9, 2023, event at the BSD City featured discussions, live pitching, business matching, and VIP dinners with more than 20 venture capitalists, 30 private companies, and 100 startups. The event helped startups create a space for learning, collaboration, and connections between the startup industry and other industries through topics such as “Pitching techniques to convince investors” and “Sustainable financial management from investor money to profit”.

Among the speakers are:

  • Yanto Suryawan, Senior Vice President Ecosystem Acquisition & Partnership of Sinar Mas Land
  • Bonifasius Wahyu Pudjianto, Director of Informatics Empowerment of the Ministry of Communications and Information
  • Restog Krisma Kusuma, expert staff for Innovation and Creativity at the Ministry of Tourism and Creative Economy

Representatives of angel investors, venture capitalists, and investors also shared their stories at the event. Among them were:

  • East Ventures
  • Ventura
  • Alta Group (ex. Fundnel)
  • BRI Ventures
  • Trihill Capital
  • CoinWorks
  • Indonesian Aspires

Digital economy is the future

The event explained how the digital economy is the future of Indonesia, where Indonesian young people will become the backbone for advancing the digital economy in Indonesia. The digital economy’s development depends not only on technology but also on human capital, which is the strength of Indonesia.

“Apart from preparing digital infrastructure, digital government, but no less important digital economy,” said Pudjianto.

“We have a lot of human resources in the world. We must be careful in optimizing our resources, or it will become a burden. Our country is the largest market in ASEAN. If we are not qualified, resources from other countries will enter our country. Therefore, digital talent is the main key to Indonesia’s success,” he added.

With a population of 280 million, there is enormous potential for Indonesia. This startup ecosystem has grown quite rapidly in recent years. Startups emerge when there are problems in society and they can solve those problems. For successful startups, the exponential growth is very fast compared to conventional businesses, said Kusuma. 

Data from the Coordinating Ministry for Economics say that there are 2,400 startups in Indonesia until November 2022. The value of the country’s digital economy reached around US$ 77 billion. The ministry expects the value to reach US$ 130 billion in 2025 and will double to US$ 360 billion in 2030, reported.

In addition to the large population, Indonesia also has abundant digital talents. Thus, startups in Indonesia must dominate the domestic market first, then go international.

“Commit together to build a startup ecosystem in Indonesia,” Kusuma added.

Journalist IBP






We will provide you with an invoice for your reimbursable expenses.


New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.


$550 USD/Year


$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.


PT MRT Jakarta sealed on Wednesday, April 17, 2024, a partnership agreement with Sojitz Corporation for the Phase 2A construction of railway tracks and signaling systems from the Hotel Indonesia turnabout  to Kota, valued at IDR 4.7 trillion (about US$ 290 million).
PT Asuransi Allianz Life Indonesia (Allianz Life) and PT Bank HSBC Indonesia (Bank HSBC) on Thursday, April 18, 2024, launched a financial protection product − the Premier Legacy Assurance − in the form of inheritance to support customers’ prosperous family life in the future.
Coordinating Minister of Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has announced that the government is prepared to provide incentives to attract investments from Apple Inc., akin to those in India and Thailand.
Abu Dhabi Islamic Bank (ADIB) is reportedly in talks to acquire a stake in PT Bank Syariah Indonesia (BRIS) worth approximately US$1.1 billion (IDR 17.98 trillion).
PT Harum Energy (HRUM) is about to release a maximum of 49 percent of its shares in subsidiaries in the nickel business, PT Harum Nickel Perkasa (HNP) and PT Tanito Harum Nickel (THN), to Chinese stainless steel smelting giant Eternal Tsingshan Group.
PT Atlantis Subsea Indonesia (ATLA) made a remarkable debut on the Indonesia Stock Exchange (BEI) on April 16, 2024, raising IDR 120 billion (US$7 million), and thus becoming the 21st issuer on the exchange this year.