Startup Ecosystems in Indonesia Have the Potential to Multiply Economic Value

Indonesia is a country with percentages startup rating world that took 6th place, for a total of 2.400 startup in 2022 which mostly developed during the pandemic. first rank startup rating the world is occupied by the United States with 72.464 startup. The second position is occupied by India with 13.833 startup.

The UK is in third place with a total of 6.385 startup. Then, as many as 3.458 startup recorded in Canada, and 3.332 in Australia. The order below Indonesia is occupied by Germany, which has a total of 2.318 startup.

Now it can be proven that the pandemic is not an obstacle for businesses to stop innovating in creating startup new, good in the field edutech, healthcare, fintech, and much more. The necessities of life during the pandemic have led digital creative industry players to try to meet their needs digitally, by using digital applications in every purchase transaction, such as food, clothing, medicine and other basic needs.

With this digital application it is proven to help the economy of some people to earn income online online, thus encouraging other people to do business online online. This is a new business opportunity that deserves to be developed.

Enhancement startup Indonesia in the global arena

Movement startup Indonesia, which occupies the 6th position in the world, is an extraordinary achievement. In the increase movement data startup from year to year which continues to increase, grow startup in society has now brought Indonesia to position 6 startup world.

It can be ascertained that with data segmentation, startup Indonesia can develop significantly with the support of various parties, such as related institutions, government, agencies and the community. With this achievement, Indonesia's economic value increased to $77 billion and became the highest economic value in Southeast Asia.

Government efforts in building startup in Indonesia

View progress movement data startup which has increased dramatically, the Minister of Communication and Informatics Johnny G. Plate provides facilities for digital businesses through The 1.000 Startup movement every year to support the success of funding and its realization startups new high potential.

The movement facilitates the public and business people to find out in detail about startup with approach ignition system, workshop, hacksprint, bootcampand incubation..

Not only that, the opportunity to get funding from startup which is built will also be provided by the government by looking at the feasibility segmentation and needs that exist in the community. Another supporting evidence from the government is the opening of investment startup both from within and outside the country through the Nexicorn conference.

Progress percentage startup also influenced by business fields developed. From the results of the data search, it is known that almost 32% of the business fields developed are business sectors startup general.

The data is taken from the Indonesian Information and Communication Technology Creative Industry Society (MIKTI) in the book Indonesian Startup Mapping & Database 2022, which reported that there were 1.190 startups (startup) is new in Indonesia. In addition, data from MIKTI also shows that the majority startup The business entity is in the form of a limited liability company (PT) with a percentage of 51,39%. Thus, it can be concluded that most startup in Indonesia already has a company (PT) in supporting employee performance and performance startup which is being run.

Proof of development startup Indonesia, which has experienced an increase, can be seen from the emergence of new applications supporting community needs that provide convenience in solving problems online online, fast and practical. In addition, the government predicts there will be a significant increase in developments startup in Indonesia by 2025, almost double the current economic value.

Header image: Pixabay.

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This article was written by Verlyna Dian Pratiwi, program alumni DNA #Cohort1 initiated by DailySocial.