Bekasi, 4 Oktober 2024 - One of the programs of the Ministry of Tourism and Creative Economy/Tourism and Creative Economy Agency (Kemenparekraf/Baparekraf) entitled the IndoBisa (Indonesia Business Startup Matchmaking) 2024 program has now entered the fundraising bootcamp and mentoring stage.

"The IndoBisa 2024 program has determined 30 finalist startup participants who will advance to the third stage of fundraising bootcamp and mentoring, before continuing with the fourth stage of pitching day," said Deputy for Industry and Investment at the Ministry of Tourism and Creative Economy/Baparekraf, Rizki Handayani, in his statement in Bekasi, Friday (4/ 10/2024).

This mentoring exercise is useful for helping the selected finalists evaluate their readiness before starting the fundraising process.

In the third stage which took place at the Harris Summarecon Hotel Bekasi, West Java, from 2 to 4 October 2024, as many as 30 finalist startup participants were guided by experts with experience in the field of investment and venture capital to help them prepare optimally.

The mentors who guided the finalist participants consisted of Vice President Investment of Living Lab Venture, Edmund Caruli; Head of Investment BRI Ventures, Bima Setiaji; and Head of Investment, Genesia Ventures Elsha E. Kwee.

Rizki Handayani explained that there were several things that were the main focus of the mentors, including assessing investment decks, financial modeling and financial valuation. These three things are important because startups with a solid business model have a greater chance of getting funding.

"Investment readiness starts with improving and knowing strategies for dealing with investors, to obtaining investment. Investment readiness is one of the most important parts, in fact it is highly emphasized in this program," said Rizki.

Director of Financing Access at the Ministry of Tourism and Creative Economy/Baparekraf, Anggara Hayun Anujuprana, added that the 2024 IndoBisa Bootcamp is also a space for the finalists to increase their network, increase the development of business ideas and open opportunities for collaboration between startups, as well as share experiences.

"Through this bootcamp, it is hoped that the participants will be ready to meet venture capital," said Hayun.

(SOURCE)