▷ Investing in Indonesia: JEJALA ID shows opportunities for European investors

26.11.2021 – 01:13

Ministry of Communication and Informatics of Republic of Indonesia

JAKARTA, INDONESIA, Feb. 7 / PRNewswire /)

The Indonesian Ministry of Communications and Informatics is hosting an online networking event for European investors on November 30, 2021 to showcase the potential investment opportunities in the country’s booming startups.

This event is part of the Joint Exhibition & Junction of Startup Landscape in Indonesia ( JEJALA ID), a network event organized by the ministry aimed at bringing startup founders together with investors and venture capitalists. The event will be attended by the General Director of IT Applications of the Ministry, Samuel Abrijani Pangerapan, and founders from the country’s growing startup sectors: Ernest Layman from Recosist, Gibran Huzaifah from eFishery and Budi Gandasoebrata from Gopay.

For more information and to register, please click here: https://jejala.id

“The Indonesian economy is changing faster than ever. With the continued development of innovative and effective business solutions over the past few years, we are able to address long-standing issues such as environmental issues and financial inclusion. From the government’s point of view, we do ours Do whatever we can to continue this positive change – and therefore recognize that the right investments can fuel the startup ecosystem and unlock Indonesia’s true economic potential, “said Semuel Pangerapan, general director of informatics at Indonesia’s Ministry of Communications and Informatics.

Investments as the key to developing Indonesia’s economic potential

Indonesia is currently going through a major economic transition. Based on an income classification report published by the World Bank, Indonesia is classified as a middle-income country in the upper range and is considered to be the largest economy in Southeast Asia. It is important that this change is driven by local companies that supply goods, products and services for the vast Indonesian market of more than 270 million people.

With efforts now focused on connecting both startups and investors, both investors and startups can look forward to access to relationships that were previously unavailable to them.

Financial inclusion as a lucrative investment opportunity

One of the biggest problems the Indonesian economy is facing is the fact that a large segment of the population does not engage in banking due to their conservative methods of risk assessment. Reports suggest that MSMEs will add a staggering 60% of the country’s GDP and 97% to employment in 2020, but only 13% of MSMEs will have access to capital. In connection with the lack of a national infrastructure for digital identity, a lot of economic GDP potential is being lost in the current situation.

Because financial infrastructure companies are more agile and flexible, and not burdened by legacy systems, they have much more leeway to cut costs and make financial services accessible to people who previously did not have access to them. Leveraging big data, machine learning and alternative data, fintech companies can develop innovative risk assessment models to help large numbers of people who do not have access to financial services.

With such a large market, startups need to work with investors to offer such impactful solutions. This therefore represents a great opportunity to strengthen both the interests of investors and the Indonesian economy.

Information on the Ministry of Communications and Informatics

The Ministry of Communication and Computer Science is the official government agency of Indonesia responsible for formulating and implementing national policy in the field of communication and computer science. It is also responsible for accelerating the diffusion of information technology and digital infrastructure to give the public efficient access to modern telecommunications and internet networks.

Photo – https://mma.prnewswire.com/media/1695815/E_Poster_Europe__2.jpg

Press contact:

Sander Winata
[email protected]

Original content by: Ministry of Communication and Informatics of Republic of Indonesia, transmitted by news aktuell


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