HUB.ID Summit returns, recalibrating Indonesia’s Tech Investment
Bali, ID, Sept 22, 2023 – (ACN Newswire) – The HUB.ID Summit, a keynote event in the HUB.ID program for Indonesian start-ups, was held in Nusa Dua, Bali on September 15-16, bringing 80 digital startups and 80 global venture capitals together with the aim of matching investors with early-stage digital startups. HUB.ID is a Kominfo (Ministry of Communication & Informatics) program which focuses on startups in fintech, agritech/fisheries, healthtech, SME enablement and logistics, and ESG-related sectors.
More than 500 people attended the HUB.ID Summit 2023, which included panel discussions, 1-on-1 business matchmaking, and a Networking Gala Dinner. Investors hailed not only from Indonesia, but from countries such as Japan, Singapore, South Korea, India, Germany, the UK, and US. Over 1,500 business meetings were scheduled during the 2-day event, demonstrating a positive trend in investment potential for digital startups in Indonesia.
This year, HUB.ID Summit collaborated with the Nexticorn Foundation to facilitate more business meetings between startups and venture capital firms. HUB.ID Summit x Nexticorn 2023 is a collaborative effort between the Ministry of Communication and Informatics and the Nexticorn Foundation to support the digital startup ecosystem, foster partnerships, and networks between early-, growth-, and later-stage startups with global venture capitals.
This year’s Summit adopted the theme “Recalibrating the Industry: Indonesia’s Tech Investment Moving Forward,” aiming to analyze changes in market behavior post-pandemic and the tech winter, which have affected the focus of digital startups on product development and venture capital investments. These changes are recalibrating market strategies for growth in Indonesia’s digital startup ecosystem.
Over two days, the early-stage digital startups and venture capitals participated in various events, including panel discussions featuring renowned speakers and business matchmaking sessions, expected to foster collaborations and investments after the Summit concludes. On day one, the panel featured Christopher Madiam (CEO & Co-founder of Sociolla), Hero Choudhary (Managing Partner of Beenext), Yoshua Tanu (Jago Coffee Founder) and was moderated by Willis Wee (CEO & Co-founder of Tech in Asia).
On the second day, the panel discussion included Eddy Danusaputro (Chairman of AMVESINDO), Ankur Vohra (Vice President L Catterton Asia), moderated by Donald Wihardja (Nexticorn Board). Later, Kevin Sugiarto (Senior Vice President Product Privy), Ardhanti Nurwidya (Head Public Policy and Government Relation GOTO), Doddi Priyambodo (Solutions Consultant at Google/Cloudmile) and Edy Sulistyo (CEO Everywhere.id) were moderated by Anugrah Pratama (Partner at EY-Parthenon Indonesia).
I Nyoman Adiarna (Director of Digital Economy, Directorate General of Informatics Application, Kominfo) stated, “The technology startup landscape in Indonesia has seen rapid and exciting developments in recent years. Indonesia now boasts hundreds of startups across various sectors, including e-commerce, fintech, edtech, healthtech, and agritech, among others. The ministry continues to support startups to grow and access funding, including through events like HUB.ID Summit.”
About HUB.ID
HUB.ID includes the HUB.ID Accelerator, the HUB.ID Summit, and the HUB.ID Ecosystem. HUB.ID is organized by the Indonesian Ministry of Communication and Informatics (KOMINFO), focusing on enabling post-seed local Indonesian startups to scale regionally by leveraging KOMINFO’s vast network of corporate & governmental partners. Learn more at https://hub.id/.
For more information, visit: HUB.ID, or email: asksummit@hub.id.
Topic: Trade Show or Conference
ASEAN Summit 2023: Indonesia identifies cooperation projects worth US$32 billion through AIPF
Indonesia identified cooperation projects worth US$32 billion through business matching activities carried out during the ASEAN-Indo-Pacific Forum (AIPF), held on September 5-6. As the organizer of the AIPF, which is the flagship event of the 43rd ASEAN Summit, Indonesia is also seeking cooperation for projects from other countries with a total value of US$810 million.
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| Vice Minister of Foreign Affairs Pahala Nugraha Mansury shared a presentation on the Indonesia’s Plan to Develop Green Infrastructure on the second day of ASEAN-Indo-Pacific Forum (AIPF) at Mulia Hotel, Wednesday (6/9/2023). [Image: Media Center KTT ASEAN 2023/Galih Pradipta/aww.] |
“Although those (cooperation projects) had not been able to be finalized at today’s meeting, we hope the business matching will be able to boost cooperation and real understanding of the investment needs expected by each country,” Vice Minister of Foreign Affairs Pahala Mansury said in a press conference about the AIPF in Jakarta on Wednesday (6 September 2023).
The business matching activities involved around 185 domestic and international investors, including PT Bank Mandiri Tbk, Bank Permata, Bank SBI Indonesia, Bank CCB Indonesia, PT Bank Jawa Barat, PT Astra Infrastruktur, PT Amman Mineral Tbk, Dian Swastatika Sentosa, AIIB, Standard Chartered, Sumitomo (SMBC), Commerzbank, ACWA (Saudi Arabia), EDF Energy (France), KEPCO (South Korea), IGNIS (Spain), China Railway Corporation, Sinohydro, China State Construction Engineering, Siemens (Germany), Inpex Geothermal (Japan), British Columbia (Canada) and Actis (the UK).
The business sectors promoted through the AIPF included the development of new and renewable energy, hydrogen, ammonia, alumina refinery, battery supply chains, toll road infrastructure, and ports.
Indonesia put more focus on cooperation with international partners for strategic projects in the fields of energy and oil and gas (five projects), toll-road (nine projects), ports (five projects), health (six projects), fertilizer (three projects), infrastructure (ten projects), tourism (nine projects) and electric vehicle battery ecosystem and supply chains (three projects).
According to Vice Minister of State-Owned Enterprises (SOEs) Rosan Roeslani, the sectors that attracted many investors’ interest are green energy and electric vehicle battery ecosystem.
“There were also many who wanted to participate in the digitalization sector because they could see that there is a lot of our people’s potential that has not been reached by formal financing,” he said. He mentioned that some of the largest SOEs in Indonesia, such as Pertamina, Pupuk Indonesia, PLN, Pelindo, Jasa Marga, MIND ID, and Injourney also participated in the AIPF.
Also participated The National Development Planning Agency (Bappenas), which could become a platform to support the acceleration of investment for several infrastructure projects such as Demak-Tuban, Tuban-Gresik, Tasikmalaya-Gedebage-Ciamis toll roads and the Jatiluhur Drinking Water Supply System.
ASEAN member states such as Brunei, Myanmar, Thailand, Malaysia, and the Philippines presented potential projects in the telecommunications and infrastructure sectors.
ASEAN state members’ leaders, namely President of the Philippines Ferdinand Marcos Jr., the Prime Minister of Singapore Lee Hsien Loong, the Head of Delegation of the Kingdom of Thailand Sarun Charoensuwan, the Prime Minister of Viet Nam Pham Minh Chinh, the Prime Minister of Lao PDR Sonexay Siphandone, the Sultan of Brunei Darussalam Hassanal Bolkiah, the Prime Minister of Cambodia Hun Manet, the Prime Minister of Malaysia Dato’ Seri Anwar Ibrahim, and the Prime Minister of Timor Leste Xanana Gusmao were also present.
Three world leaders were also present as keynote speakers in the leaders talk session, namely Japanese Prime Minister Fumio Kishida, Australian Prime Minister Anthony Albanese, and Canadian Prime Minister Justin Trudeau.
Mansury said that those world leaders emphasized that the priority going forward for the strategic partnership with ASEAN will focus on sustainable cooperation sectors, such as the development of clean energy, innovative and sustainable financing, and the development of green infrastructure.
Mansury said that those leaders emphasized that the priority going forward for the strategic partnership with ASEAN will focus on sustainable cooperation sectors, such as the development of clean energy, innovative and sustainable financing, and the development of green infrastructure.
For more information, please contact:
Usman Kansong,
Director General of Information and Public Communication
Ministry of Communication and Information, Indonesia
Topic: Press release summary
ASEAN Summit 2023: Indonesia highlights Indo-Pacific potential for economic cooperation
Through the ASEAN-Indo-Pacific Forum (AIPF) held in Jakarta on 5-6 September 2023 as the flagship event of the 43rd ASEAN Summit, Indonesia showcased 93 cooperation projects worth US$38.2 billion and 73 potential projects worth US$17.8 billion, to encourage cooperation among ASEAN member countries and its partners in the Indo-Pacific region.
With a contribution of 64 percent to global economic growth, the Indo-Pacific is considered a strategic region where cooperation should be promoted instead of geopolitical rivalries and conflict, according to Vice Foreign Minister Pahala Nugraha Mansury.
“AIPF is expected to present the habit of cooperating and building together among ASEAN countries in the Indo-Pacific,” Pahala said during a press briefing after the forum’s opening in Jakarta on Tuesday.
The discussions and business-matching agenda during the two-day forum focus4d on three primary areas of cooperation, including green infrastructure and resilient supply chains, innovative sustainable financing, digital transformation and creative economy.
Those sectors, he said, are expected to be new sources of growth in the ASEAN – which is estimated to grow by 4.5 percent this year and the next, according to IMF.
As part of Indonesia’s ASEAN chairmanship, the AIPF has been held as a platform for promoting constructive dialogue, and concrete collaboration between SOEs and the private sector. “ASEAN is the future and epicentrum of growth. It plays a significant role in the Indo-Pacific region,” SOEs Deputy Minister Rosan Roeslani stated.
From the Indonesian side, the country offers some cooperation in the development of an alumunium shelter worth USD1.8 billion, the development of Benoa Port in Bali worth USD4.3 billion, as well as a project of a fertilizer factory, toll road, and special economic zone in Sanur, Bali.
During the AIPF, Indonesia also promotes cooperation in green infrastructure and sustainable financing in developing the New Capital Nusantara mega-project in East Kalimantan.
AIPF was inspired by the ASEAN Outlook on Indo-Pacific (AOIP) initiated by Indonesia and adopted by ASEAN member countries in 2019. It aims to strengthen an inclusive regional architecture, encourage collaboration, strengthen mutually beneficial cooperation, and take the existing opportunities in the Indo-Pacific region.
AIPF is also aligned with the theme of this year’s ASEAN Summit: making ASEAN the epicenter of growth while maintaining peace, security, stability, and prosperity in the Indo-Pacific. The ASEAN region is considered to have sufficient capital to become the center of the world’s economic growth, with a collective gross domestic product (GDP) of US$ 3.3 trillion in 2021.
For more information, please contact:
Usman Kansong, Tel. +62-816785320
Director General of Information and Public Communication
Ministry of Communication and Information, Indonesia
Please visit:
http://asean2023.id,
https://infopublik.id/kategori/asean-2023,
https://indonesia.go.id/kategori/ragam-asean-2023
Topic: Government
B20 India Summit: MSMEs Need Access to Funding and Technology to Accelerate Energy Transition
The energy transition in Indonesia must involve MSMEs, which play a significant role in Indonesia’s economic growth. Thus, access to funding and technology is necessary for MSMEs to fully perform their roles as providers of community needs and job opportunities, enabling rural communities to increase their income.
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| Oki Muraza, Senior Vice President, Research & Technology Innovation at PT Pertamina (L), during the Sustainability Summit B20 held in New Delhi, India (8/24). (Image: Pertamina) |
In his presentation at the BNEF forum in New Delhi on August 24, 2023, Oki Muraza, Senior Vice President of Research & Technology Innovation of Pertamina, emphasized MSME involvement’s importance in Indonesia’s energy transition. He stated that community participation is vital in supplying the raw materials for low-carbon energy development. This process also creates job opportunities for the public while corporations benefit from carbon credits.
“The challenge lies in providing capital or funding and technology access to MSMEs, allowing them to effectively contribute to the energy transition and benefit both the community and corporations,” said Oki.
As a developing country rich in natural resources, Indonesia encourages developed nations to provide funding to developing countries, enabling them to develop technology and its implementation with the assistance of countries that possess resources.
“Currently, there is a global economic gap between highly developed and developing nations. Highly developed countries have a GDP per capita of over USD 50,000, while developing countries like Indonesia have a GDP per capita of under USD 5,000. We hope this Capital Flow serves as a form of CBDR (Common but Differentiated Responsibilities),” added Oki.
Oki explained that by involving MSMEs in this energy transition, Indonesia aims to combine international aid, creating job opportunities for the public and benefiting companies in expediting the energy transition.
“We hope that the energy transition in Indonesia can serve as a role model for involving communities, generating employment opportunities, increasing rural incomes, and achieving a Nature-Based Solutions-guided energy transition,” Oki stated.
Vice President of Corporate Communication of Pertamina, Fadjar Djoko Santoso, highlighted that MSMEs are the backbone of the national economy and a significant source of employment, underscoring their vital role in accelerating the energy transition.
“Pertamina has initiated the Desa Energi Berdikari program in 52 regions to provide access to renewable energy for MSMEs and communities, enabling them to become energy-independent,” stated Fadjar.
Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina’s business lines and operations.
Media Contact
Fadjar Djoko Santoso
Vice President of Corporate Communication
PT Pertamina (Persero)
M.: +62 813-2063-0765
E.: fadjar.santoso@pertamina.com
Topic: Environment Issue
BFSI IT Summit, Mumbai to Hold Physical Conference on 9-10 August 2023
The BFSI sector plays a crucial role in any economy, integral to maintaining smooth economic functioning. In India, the “Digital India” initiative sparked significant change in the banking and financial sectors, driven by technological advancements and fintech innovation. This advancement in financial institutions has shifted the focus from product-centric to customer-centric approaches, revolutionising financial services and banking practices.
The widespread use of digital payments, particularly through QR codes and the Unified Payments Interface (UPI), has formalised the digital economy, with 93% of payments completed digitally last year. Altogether, there has been a downfall in card usage and cash transactions as a whole. With approximately 260 million users adopting digital payments, the alliance between fintech and banking services is reshaping the financial landscape. These emerging trends are expected to impact the future operations of these industries profoundly, paving the way for further growth and progress in the Indian economy.
19th Edition of Exito’s BFSI IT Summit is the premier in-person conference that brings together Technology Leaders within the BFSI industry. This summit serves as a specialized learning and networking platform designed to extensively explore the pressing challenges confronting BFSI sectors and discover optimal strategies to overcome them. The event aims to foster insightful discussions, share best practices, and facilitate collaborative solutions, ultimately promoting growth and innovation in the financial services and banking technology landscape.
Don’t miss the opportunity to learn from these esteemed Industry Experts:
– Arpanarghya Saha, Chief Digital Officer Nippon India Mutual Fund.
– Ramesh Narayanaswamy, Chief Technology Officer Aditya Birla Capital.
– Anil Kuril, Chief Technology Officer Union Bank Of India.
– Srikanth Gopalakrishnan, CIO for People, Procurement, Legal and Head of the India Technology Centre Deutsche Bank Group.
– Dr. Sourav Dutta, Executive Director & Head IT IDBI Bank.
– Ashutosh Mishra, Chief Risk Manager National Bank For Agriculture & Rural Development ( NABARD).
– Abhijit Dey, Vice President – Product Head API Banking Axis Bank.
– Vivek Zakarde, Senior Vice President (Head – Analytics-RACC) From a Leading Bank.
– Lincy Therattil, Head Of Open Innovation And Fintech Platform, Rise India Barclays.
– Aastha Arora, Learning & Development Consultant The London Institute of Banking & Finance India.
– Abhineet Sarkar, Digital Innovation Leader Tata AIA Life Insurance.
– Renu Singh Trainer The London Institute Of Banking & Finance India
Featured Topics at the Event:
– Technology Augmentation in the BFSI industry – Impact on the Indian Economy
– Advancing the Digital Economy and Finance.
– Blockchain the next big thing in India?
– The future of banking – Digital, Invisible and Connected.
– Unlocking Innovations in the Insurance Sector
– Improving the digital customer experience
– Climbing towards advancements in Open Banking.
– Fintech reshaping the Future of Finance
– India’s Future of Insurance in a Data-Driven World.
– Ameliorating the future of cloud in the Indian BFSI Industry
– Advancing Cyber Security – Securing BFSI as it moves further into digital transformation.
Who will attend?
The BFSI IT Summit will be attended by top executives and leaders like Chief Information Security Officer, Chief Information Officer, Chief Technology Officer, Chief Information Security Officer, Heads of Cyber Security, Head of IT Infrastructure and Chief Digital Officer from a variety of industries including Public Banks, Foreign banks, Fintechs & Neo Banks, Microfinance Companies, General Insurance Firms, NBFCs, Mutual Funds, Regional Rural Banks, Health Insurance Companies, Private Banks, Asset Management Companies and Commercial Banks.
For more information on BFSI IT Summit: Mumbai, you can visit https://bfsiitsummit.com/india/
About Exito
Exito, which means success in Spanish, embodies our commitment to the success of our customers. Each year, we host over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Our meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands.
Contact: Mithun Gopinath,
Manager-Projects,
Exito Media Concepts
mithun.gopinath@exito-e.com
Topic: Press release summary
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