List of Incubator and Accelerator Programs for Indonesian Startups 2021

Program incubator or accelerator startup can be selected founder to help maximize the business scale-up process. In general, these programs offer a range of learning activities with specific curricula -- some of which even focus on specific business verticals.

Although packaged in almost the same activities, incubators and accelerators have specific differences, especially in relation to the target participants. Incubators are more focused on early-stage startups, even startups that are just starting to form. The main goal is to help founders develop ideas, business models, and execute minimum viable product (MVP).

While the accelerator program focuses on helping startups that have achieved product-market fit [product acceptance in the market] to carry out business escalation or growth. At this stage founder will be taught more about how to expand the product, growth hacking, to fundraising for investors for further stages.

From year to year, startup incubator and accelerator programs continue to emerge from various parties, both from within and outside the country. Based on the results of research conducted DailySocial, as of 2021 there are around 17 active incubator and/or accelerator programs open batch for new startups. Many of them are converting activities virtually amid restrictions due to the pandemic.

Here's the full list:

For the most part, a series of startup accelerator programs in Indonesia consists of several agendas. Starting from rigorous selection through business planning and projection -- also skills founder. Continuing the session mentoring with experts in various fields, from business, marketing, to technology.

Not a few also during the mentoring session the organizers brought together startups with various groups, including investors. The point is to provide validation to the business developed from the perspective of investors. This session on average takes quite a long time, ranging from 1 to 6 months. And every batch some recruited five to tens of fostered startups.

The highlight of the event, startups will be asked to pitch in a "demo day". The organizers will invite various parties, especially venture capital, angel investors, to companies that have the potential to become their strategic partners.

DailySocial itself has an incubator program that is carried out regularly every year called DSLaunchpad. In 2021 the series of activities will be completely online, bringing together founder with a comprehensive business development curriculum, guided by experienced mentors. Updates on information about the program can be found on the page https://launchpad.dailysocial.id/.

- Disclosure: Marsya Nabila participated in the preparation of this publication.Header Image: Depositphotos.com