Second Batch SCALE Accelerator Program Officially Opened

Feeling quite successful with the accelerator program batch first, Scale is re-opened for batch second. This early-stage investment program uses metrics and growth as its foundation. Currently, Skala has invested Rp437 million each for the first six startup alumni selected from over 400 participants. They include Atenda (HRD management provider), Story (story-sharing platform), Magalarva (animal feed production and waste treatment), Calista (online dermatologist), NusaTalent (a job search platform for fresh graduates), and Noompang (a ride-sharing community).

For this second batch, Scale will select 15 startups. If previously Skala received 5% of the investment given for this second batch, they will give Rp700 million for 8% shares. term sheet The scale will be publicly open and accessible to anyone, so founders will have all the information they need before deciding to enter the program.

"Seeing the great enthusiasm in the first program, we are encouraged to be able to train and guide more startup companies in this second batch. Indonesia has a lot of quality founders with innovative products and services," explained Program Head Skala Agustiadi Lee.

"However, they often face challenges in developing their business because they don't have enough experience or knowledge related to the startup world. That's why we want to guide them from the start through the program. mentoring intensive for 20 weeks. We feel that it is the right time frame to accelerate a start-up company," he continued.

Scale Program initiated by Innovation Factory and Strive (formerly known as GREE Ventures). Later, participating startups will be trained to describe the main metrics and business goals to be achieved during the program. The current scale is also supported by a network of experienced professional mentors in their respective fields. Such as Popbox CEO Adrian Lim, Bukalapak Co-founder Fajrin Rasyid, and many others.

Registration will be open until August 9, 2019. Several things that are taken into consideration when choosing a startup include the founder team who has deep expertise and understanding for the Indonesian market, startups that have customer development and have tested their product in the market, not an idea stage company, and the latter will be a plus point if the startup has done market research or MVP with market traction.