The startup scene in Indonesia is developing in a good direction. While we have seen the e-commerce players gather together to form the Association of E-commerce Indonesia (aka: Idea), now we also have Indonesian venture capitalists (VCs) and incubators befriending each other and building their own association called the Alliance of Venture Capitalists in Indonesia (AVCII).
The alliance is founded by eight VCs and incubators: CyberAgent Ventures, East Ventures 1, GEPI, Grupara, Ideosource, Jakarta Founders Institute, Merah Putih Incubator, and Mountain Indonesia. The association will effectively do three things:
- Empowering the members within the organization through sharing of knowledge, resources, facilities, data, and information inside the organization to make sure they have the best ammunition in helping grow the country’s tech scene.
- Encourage growth within the tech entrepreneur community through workshops and education, including about how VCs and incubators can help scale businesses. AVCII is also open to working together with universities for developing an entrepreneurship curriculum as well as investing in potential companies.
- Establish partnerships with government and regulatory institutions, as well as getting backers from conglomerates and former government officials to make sure that they and AVCII can work together on making a better Indonesia through good regulations.
(See also: Hold your horses: Indonesian government hasn’t approved any new regulation to halt foreign investments)
Appointed as the chairman of AVCII is Sebastian Togelang of Mountain Indonesia, while Grupara’s Aryo Ariotedjo becomes its vice chairman. The association is open to more members both locally and internationally. VCs, incubators, accelerators, angel investors, and any kind of investors are welcome to join for free.
Most of AVCII’s events will be held at GEPI’s new co-working space as well as Grupara’s headquarters at The Energy Building SCBD.
(Editing by Steven Millward and Paul Bischoff)
The post To help spur tech growth, Indonesian VCs and incubators assemble to create an alliance appeared first on Tech in Asia.
To help spur tech growth, Indonesian VCs and incubators assemble to create an alliance
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