The Right Startup Curation and Investors Are the Keys to the Success of Nexticorn 2022

Event NXC International Summit 2022 (Nexticorn) which will be held in Bali in August-September 2022 is expected to be a meeting place for quality startups with venture capital local and foreign. To ensure the event can provide impact which is positive for both parties, the organizers ensure that the startup curation process and who are the VCs present are carried out properly.

According to Nexticorn Foundation Chairman Rudiantara, those who could attend the event were startup founders and C-Level staff. Meanwhile, in terms of venture capitalists, only those who are in the Principal and Partner categories will participate in this event.

There were 26 startups that entered the Series A funding round and above who attended the event, including: Wahyoo, Noice, Ritase, Crowde, Trade, Hangry, Investree and HappyFresh. The organizers are still curating around 130 startups to be able to take part in this event.

In terms of venture capital, it is certain that 16 VCs have registered. Among them are Alpha JWC Ventures, Sequoia, 1982 Ventures, Vertex Ventures, Softbank, Insignia Ventures Partners, Temasek, Openspace Ventures, and Beenext.

"Although the theme is web3 which is hoped to be a trigger for more startups that provide web3 services and technology to become the next unicorn startup, it is possible that those who enter the web2 startup category can also attend to meet potential investors directly," said Rudiantara. .

Mentioned as to the results of the previous Nexticorn event for startup funding and the interest of investors joining, Edward Ismawan Chamdani, one of the Nexticorn Committee and Co-Founder & Managing Director of Gayo Capital revealed that the previous event was still under the auspices of the foundation.

This year, when Nexticorn has become a PT, a report and summary will be confirmed after the event. Any startups that have succeeded in doing meetup with investors and what the follow-up will be like. This will be an important note for the organizers.

"By promoting web3, it is hoped that Indonesia will not only become a consumer, but also a producer that can produce products Gaming quality. One way is to support game developer local people who have started to apply the current web3 technology," said Edward.

Startup curation process

According to one of the supporters of the event, DR David Rimbo from Ernst & Young Indonesia, a strict curation process was carried out to ensure that the invited startups had indeed experienced positive growth and were in the process. scale up.

To ensure the process matchmaking In an accurate manner, Ernst & Young Indonesia also processes data and information provided by each startup in depth.

"Each startup has business model and competitive advantage. For that we create a structure so that we can retrieve and process data by performing analysis, without reducing the value or value value from each startup," said David.

According to David, although many startups are currently in difficult times, this does not interfere with the Nexticorn event. He sees that the current difficult process makes startups more mature and grow positively. On the other hand, this condition is also a means of proving that any Indonesian startup that has succeeded in becoming superior.

Carrying the theme "Decentralizing The Future of the Internet", this Nexticorn event will prioritize experience the country's technological ecosystem for the participants.

This event was also supported by Amvesindo, the Indonesian Fintech Association, Ernst & Young Indonesia, Ideosource, DailySocial.id, Kadin Indonesia, and G20 Indonesia 2022.