Jakarta (ANTARA) - The Ministry of Communication and Information (Kemenkominfo) continues to strive to grow startup capacity in Indonesia, including by bridging Indonesian startups to be able to obtain funding from venture capitalists both at home and abroad with total funding received reaching 172.3 million US or the equivalent of IDR 2.6 trillion.

"This is quite large, because compared to our spending, the impact felt is six times greater and this is what startup friends feel," said Director of the Digital Economy of the Ministry of Communication and Information Bonifasius W Pudjianto at the Ministry of Communication and Information Technology Office, Central Jakarta, Friday .

Boni said that the Ministry of Communication and Information, in terms of facilitating startup development in Indonesia, also pays attention to network expansion and also opens up opportunities for investors from within the country and abroad to see the potential of local startups.

The program focused on this activity is called HUB.ID, a program released in 2021 and there are two activities in it, namely HUB.ID Accelerator and HUB.ID Summit.

The HUB.ID Accelerator program focuses on opening networks for startups, while the HUB.ID Summit is a matchmaking event between startups and potential investors who are venture capital to explore investment potential.

The Ministry of Communication and Information noted that by 2023 there will be 63 startups facilitated through HUB.ID activities.

In 2024, HUB.ID will again hold the HUB.ID Summit event, but in collaboration with the Nexticorn foundation, the event is designed to be the NextHub Global Summit.

This event will take place on 23-25 ​​September 2024 in Nusa Dua, Bali with the theme "Defrosting the Tech Winter".

Even though there was a "Tech Winter" condition in the startup ecosystem in Indonesia which caused many startups to close down, the Ministry of Communication and Information remains optimistic that in the post-pandemic period, the investment climate in the startup ecosystem is starting to improve.

Boni said the Ministry of Communication and Information continues to be committed to providing support for the growth of digital startups in Indonesia through many programs.

"This cannot be stopped, we must continue to encourage young colleagues to develop their businesses in a digital direction. Because digitalization can expand to many things, starting from MSMEs to downstreaming to strategic sectors," said Boni.

He further added, "We at the Ministry of Communication and Information even oversee the agriculture, fisheries, education, health, logistics and tourism sectors so that these sectors can further grow, develop and have an economic impact on society."

(SOURCE)