Telkomsel TINC Batch 5 Program Holds, Targets Potential Startups in the Midst of a Pandemic

Telkomsel held a corporate incubator and accelerator program again Telkomsel Innovation Center (TINC) Batch 5. This time TINC did not raise a specific theme in targeting fostered startups, but there were a number of segments that were considered to have increased momentum in the midst of the ongoing pandemic.

These startup segments include IoT, machine learning (ML), artificial intelligence (AI), advertising technology (ad tech), fintech, logistics and supply chain, healthtechand edutech.

“TINC focuses on vertical lines that can be facilitated by owned assets Telkomsel. On batch Previously, most of the solutions were for telcos, but the more we interact here, there are a lot of problems out there that startups can solve. So we are expanding the scope,” said VP Corporate Strategy Telkomsel Andi Kristianto, in an online press conference online, yesterday (7/7).

Registration for batch it's been officially opened since June 15, 2020. Compared batch Previously, TINC introduced three more benefits for its fostered startups, namely market access, go to market and sales channelsand innovationlab (IoT and 5G testing lab, sandboxing platformand development kits).

In developing innovation, TINC divides it into two stages, namely incubation (prototyping, proof of concept) and acceleration (piloting, commercial), with implementation lasting from three to 12 months.

There are grants provided for the initial stage. Andi explained, the amount will depend on the proposal submitted by the selected startup. Later the funds will be used for the development of the startup so that it is more mature.

The next funding model is in the form of investment. When the MVP is ready and needs further acceleration, the startup will receive investment funds in the form of: convertible notes. The nominal will be larger with a longer tenor.

“If startups grow fit in the long term and add value to Telkomsel, it will be invested. From our side, we will be helped to network leverage. "

Program Telkomsel the other

Since it was first held, TINC is part of one of the pillars Telkomsel in transforming the company into a leading digital telecommunication company, along with other digital innovation pillars, namely The NextDev and Telkomsel Innovation Partner (TMI).

All three have the same mission, they both want to build an ecosystem for startup activists. However, all three have a different focus. For example The NextDev is more geared towards talent scouting and social impacts, TINC as a place to accelerate and commercialize together Telkomsel, and TMI focuses on strategic investments.

TINC itself has been going on since 2018. batch has a special theme raised. Sequentially, batch first raise the question smart city and environment; agritech; Industrial IoT. Next in batch 4 and 5 do not raise the theme, aka Telkomsel open to all innovations but with a note there are several sectors that are being targeted because they arehot” at that moment.

"Start batch 4 we want Beyond IoT because in batches 1-3 we feel we haveRepresent all use case major in the industry. Batch This 4 starts in early 2020 and starting this year we also want to see what trends are more in the startup ecosystem in the early stages and levels that are ready to enter the market, "explained GM Business Incubation. Telkomsel Eko SenoPrianto.

In total there are 19 assisted startups that have successfully entered the incubation process throughout TINC, in which there are two startup solutions developed from the internal team. Telkomsel, One of which is Intank (Intelligent Tank Monitoring System).

The names of other fostered startups are eFisheries, Jala, Mertani, Banopolis, smash, Habibi Garden, Bantubreeding, Neurafarm, TraffoBit, Eltisia, Manpro, Chatbiz.id, Cryptoscope, T-Man, Spring, Calty Farms, Fishgator, and Mantis ID.