1. Startups

Indonesia's Digital Ecosystem Today and Its Future Development

It's time for Indonesia to have its own Silicon Valley

Say five or seven years back, divide entrepreneur who were in the digital world at the time, they would agree how difficult it was to find funding. Currently, DailySocial alone, has often reported startup who receive funding.

Sources of funds flowing in from local and foreign investors, provide a positive signal that Indonesia has attracted attention and trust. Now is Indonesia's time to be big. Echelon Indonesia 2015 tries to explore what is missing or missed to make Indonesia's digital industry more mature.

With so much attention and interest in Indonesia's digital landscape, the question arises whether Indonesia has everything it needs to mature its ecosystem. DailySocial Editor in Chief Amir Karimuddin guides the discussion about Indonesia's current digital ecosystem at the 2015 Echelon Indonesia event. This discussion panel consists of actors startup and investors such as PriceArea Founder Andry Suhaili, Skystar Capital Director Abraham Hidayat, Mountain Kejora Ventures Founder, and Ardent Capital Director Tee Plern Suraphongchai,

Broadly speaking, all panelists agree that now is the time for startup Indonesia to grow. The interest and trust in Indonesia's digital landscape is already there, including the funds available to develop companies. The point is there is no more reason for entrepreneur technology to not innovate or produce good products.

Although in terms of regulation and support from the Indonesian government, Abraham is optimistic that the government's plan to pay more attention to the creative economy is a breath of fresh air for the industry. startup "It may be lagging behind but if the government is serious in the next few years there will be many improvements, and regulations that are more conducive to the industry."

Meanwhile, the problem of talent that is often complained of by many industry players today, Andy denied it. "Indonesia has no shortage of talent. There are a lot of smart people here, it's just that they are not interested in getting involved, let alone working for them." startup The challenge is how to make these people want to get into this business," he said.

One thing for sure is a lucrative intensive will make talented people to enter the technology industry. This is what Tee said, "besides success stories, Indonesia also needs exit story successful. As well as employees who work in startup that exit get a lot of money, because this will certainly attract talent to want to enter this field."

Finally Andry as the perpetrator startup raise the issue of company valuation. According to him, Indonesia is a potential market but it is not yet ripe. For this immature market, according to Andry, startup Indonesia will do a lot trial and error, product building costs, and market education. "Why is our valuation lower than other countries? Even though we need sufficient capital to be able to build a good product or service."

Indonesia's technology industry landscape is still far from mature, it's just that we all work hand in hand to develop the industry together. Especially for startups, continue to innovate and prove that Indonesia can have its own Silicon Valley.

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