List of Indonesian Startup Incubator and Accelerator Programs

Accelerator and incubator programs are indeed very closely related to the startup world. Although both have the same mission – which is to accelerate the startup rate – there is a difference between an accelerator and an incubator. In general, the difference between accelerators and incubators is in their range.

Accelerator trying to accelerate or accelerate the pace of a startup business that is already running. Usually by providing investment, assistance or consultation. Whereas incubator more to the coaching process at startups in the early stages, starting from finalizing the business model, product concept to market share. So it can be said that for a startup the process is to form a team, participate in an incubator program and then mature the business through an accelerator program.

In Indonesia, many startup incubator and accelerator programs have started. Starting from those managed by venture capital companies, corporations to the government. The following is a list of incubator and accelerator programs that Indonesian startups can participate in. The incubator program is marked with (i), while the accelerator program is marked with (a).

1000 Startups (i)

Initiated by Kominfo and Kibar, this incubation program is divided into five phases, namely Ignition for cultivating an entrepreneurial mindset, Workshop for providing basic startup skills, Hacksprint for team formation to create prototypes, Bootcamp coaching with mentors, and Incubation for advanced coaching until it is ready to be launched. It is targeted that in 2020 there will be as many as 1000 startup which is a solution to various problems by utilizing digital technology.

Held in various cities, this activity serves as a bridge for individuals who are interested in developing a career in the world of digital entrepreneurship. The reason is that if traced from beginning to end, the activities in the National 1000 Startup Movement This is indeed preparing talent from scratch, so that they are ready to be part of the digital startup ecosystem in the country. Until now, the 1000 startup program is still running and opens opportunities for all young people in Indonesia.

Alpha Startups (a)

This program this acceleration is the result of a strategic partnership between 1337 (Leet) Ventures, Convergence Ventures, Baidu Indonesia, and Gobi Partners. Batch The first program of this program has been started since mid-2016. There are no specific specifications for the startup category that can enter this program. Alpha Startups also provides facilities in the form of mentoring programs and various facilities, including workspaces, productivity support facilities from AWS, and also an investment injection of IDR 325 million.

But actually if you look at the material presented, this Alpha Startup is on a scale pre-accelerator. They are among startups that already have an idea but are currently in the validation stage. The coaching process in it helps startups carry out validation, regarding products and market share. Even one outcome The result of this program is the MVP (Minimum Viable Product) maturation.

Bekraf for Pre-Startup (i)

Bekraf for Pre-Startup (BEKUP) is a program specifically designed to finalize the integration of the startup ecosystem from upstream to downstream, namely the maturation of human resource candidates who will build startups in the country. Activities in the form of workshops, both related to business management and technical product development. The BEKUP program is more suitable to be placed in phase pre-incubation, because this activity focuses on individual coaching from 0, to the formation of a team that is ready to enter the initial incubation stage.

It doesn't just let startup startups graduate from this program, but BEKUP connects them to advanced incubation channels through Bekraf connections. Including bringing new startups born into the incubator program and other accelerators that have collaborated with Bekraf.

BNV Labs (i)

BNV Labs was established by Bank Bukopin in collaboration with Kibar. The program focused on three main elements, namely forming the best team, launching an incubation program and facilitating co-working space which serves as a forum for startups to innovate. The focus is on startups in the financial sector (fintech). Some of the startup development activities include connecting participants to the digital entrepreneurship ecosystem, opening market access, business support, coaching, as well as developing the capacity of actors in it.

Founders Institute (a)

Enter category pre-accelerator, this program is actually global in nature, however, it already exists in Indonesia in Jakarta Founders Institute (JFI). Founder Institute presents a training program that runs for four months per month batch-his. As the name implies, this program trains founder new generation to form the best in the company. This program facilitates weekly sessions filled with experienced mentors in their fields to help students founder develop and launch their business.

In Indonesia, JFI supported by various partners, ranging from Indosat Ooredoo, Baidu, Kejora, Mountain Partners, Bakti Barito, and others. Some of the curricula taught include how to validate visions and ideas, consumer research and development, business model determination, product development, Branding to funding.

Global Entrepreneurship Program Indonesia (i)

Started in early 2011, the Global Entrepreneurship Program Indonesia (GEPI) has been supported by leading business leaders in Indonesia. This program has a vision to catalyze Indonesia's entrepreneurial strategy by collaborating with existing programs and connecting aspiring Indonesian entrepreneurs with global developments and investment prospects.

GEPI is also part of a broader global initiative called the Global Entrepreneurship Program (GEP), which grew out of a President Obama initiative and is now a core program at the US Department of State, to promote entrepreneurship as a key pillar of economic development among countries. develop. Currently in Indonesia several strategic partners with several partners such as ANGIN.

GnB Accelerator (a)

This is acceleration program cooperation between Fenox VC and Infocom Corporation. This three-month program offers mentorship, support, training to funding. During the program, each participating startup will receive an investment of around Rp. 666 million, facilities co-working space, as well as guidance from mentors.

From a material point of view, NAM Accelerator more focus on market fit and preparing the team to be better prepared for funding. Although not targeting a specific category, startups health-tech, e-commerce, on-demand, and fintech be the main target.

Google Launchpad Accelerator (a)

A program initiated by Google in order to help selected startups to accelerate their business and technology. With Launchpad Accelerator, Google is committed to continuing to nurture a number of talented startups, including in Indonesia. Besides Indonesia, Google Launchpad Accelerator also opens opportunities for startups in several countries such as India, Thailand, Vietnam, Malaysia and the Philippines and several countries on other continents.

The process is that startups that pass the selection will be flown directly to Google's headquarters to be fostered intensively. Besides bootcamp 2 weeks in Google offices and a 6 month incubation program, startups (mobile solution developers only) will also receive equity-free funding of up to $50.000. Program Launchpad Accelerator itself is focused on countries with potential startup growth. This program targets to be able to embrace 50 new startups per year.

Ideabox (a)

Ideabox is combined program driven by Indosat Ooredoo, Mountain Partners, and Kejora which aims to raise the potential of Indonesian startups through initial investment funds and provide special awards for startups engaged in the internet and telecommunications sectors. ideabox focuses on four things, namely strengthening market-size, strengthening business and operational models, strengthening products, and growth. Until finally preparing a startup for pitching funding.

IDX Incubator (i)

IDX Incubator is incubation program Indonesia Stock Exchange (IDX) initiative. His vision is to help develop Indonesian digital startups, from a business perspective, legally, to helping startups to step onto the stock exchange floor or conduct an IPO. This incubator program was implemented thanks to the collaboration between IDX and Bank Mandiri.

BEI promises several things that participants can get, starting with facilities co-working space, business development programs, access to capital, and workshop or event others which are certainly beneficial for the development of a startup business, complete with several mentors who are ready to foster.

Indigo Creative Nation (i)

Indigo is startup coaching program organized by Telkom to build an ecosystem digitalpreneur in Indonesia, through digital creative facilities, funding and market access to accelerate Indonesia's digital creative industry. The Indigo program is an amalgamation of the existing programs, namely: Indigo Incubator, Indigo Accelerator, and Indigo Venture. This program provides an opportunity for startups to realize their creative works, whether they are still in the form of ideas, products that already have users, businesses that are already generating income, and businesses that require further acceleration and funding.

The incubation program organized by the Telkom Group together with MIKTI (Indonesian ICT Creative Industry Society) is intended for startups who want to develop their business in the digital field. The selected startup will receive incubation support from 1 month to 18 months depending on the stage and get various facilities such as market access through marketing channels.

Parama Incubator (i)

To take part in the development of digital startups, Lima Ventura established an incubation program called Indonesian Parama. Some of the excellent programs that want to be presented are related to strategy Branding and increased valuation by startups through business partnerships. Its activities are holding competitions and fostering startups that are netted through these activities.

Collaboration.co (i)

Driven by four people from different startups, namely Yohan Totting, Moon Leoma, Sutansyah Marahakim, and Adryan Hafizh, Collaboration.co trying to become a gathering place for startups, especially in the Bandung area, to learn together. Not only for business people in the online world, Kolaborasi.co also accommodates startups engaged in the offline sector. Unlike other programs that focus on facilities or funding, as the name implies, the concept of collaboration is more emphasized. This startup incubation group has been established since 2013.

Independent Capital (i)

An incubator made Mandiri Bank who has a vision to encourage the presence of startups in the field of financial technology. In the process, the program collaborates with Indigo Incubator and ActionCoach. From category fintech Even so, this incubator still divides it into three main focuses, namely payment, lending and enterprise solutions. These three segments are considered to be able to synergize directly with the Bank Mandiri Group. Mandiri Capital Indonesia (MCI) focuses on helping startups in four ways, starting from investment, mentoring, assisting startups in strengthening networks, and exclusive incubator programs.

Plug and Play (a)

Indonesian Plug and Play (Indonesian PNP) is part of the PNP Tech Center, a global startup accelerator with a mission to assist the succession in digital technology. With its headquarters in Silicon Valley, Plug and Play's business network includes more than 200 corporate partners, investors, universities and other related partners in retail, fintech, Internet of Things (IoT), media and cloud computing.

For 3 months startups that pass the selection acceleration program Funds, guidance, free workspace as well as other support will be provided through the accelerator program. PNP Indonesia will invest in 50 early-stage startups each year.

Skystar Ventures (i)

Skystar Ventures was founded by the Kompas Gramedia (KG) group and Multimedia Nusantara University (UMN). Benefits offered for startups that have been selected to join this program are: seed funding, mentoring intensive, facilities Skystar Ventures consisting of the workplace, as well as exposure to the Kompas Gramedia network and investors.

This program targets the startup segment E-commerce, education, mobile devices, social, SaaS, media, and infrastructure, although they do not rule out startups operating in other segments to register. The startup should still be in the early stages (early stage) and already has traction, consumers, and growth.

Start Surabaya (i)

Founded by the Surabaya city government, this program in the form of incubation for startup companies in the technology field. Its mission is to empower young people in Surabaya to launch technology-based businesses or products that have a positive impact and provide added value to the community. This program became one of the first city-level incubators in Indonesia. For its activities, the Surabaya city government cooperates with Kibar and several other partners.

Startup Weekends (i)

Concept Startup Weekend is to provide opportunities for entrepreneur validate ideas and finalize concepts to begin with. The event will start with "open mic", each participant has the right to convey his ideas in front of the audience. The presentation must be convincing, because there is also the opportunity to find team members to realize the idea.

This event is open to anyone who is interested developing startup. Starting from students, entrepreneurs, programmers, designers and others. Some of the mentors presented are successful startup actors and Managing Partner from company venture capital. Later the chosen idea will be the winner, because in the event there will also be a competition, there will be a private discussion session with the mentors.

Vision (i)

Vision is an incubator program based in Padang City. Led by Hendriko Firman and Ogy Winenriandhika, this program has a vision to grow a digital business ecosystem in the West Sumatra region. This program incubates startups for 3 months, until the startup matures to present its work in front of investors.