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Australia and Indonesia collaborate on startup acceleration

On 23 May, the Australian Ambassador to Indonesia, H.E. Paul Grigson, hosted a reception focused on enhancing start up acceleration and innovation links between Indonesia and Australia.  Austrade, the Australian Government’s Trade and Investment promotion agency, is collaborating with technology companies Telkomtelstra and muru-D to highlight opportunities for Indonesian entrepreneurs and start-ups to collaborate and innovate with Australian partners.

muru-D is a startup accelerator, backed by Telstra, whose mission it is to find and help build great tech startups who want to go global, fast.  muru-D offers investment, purpose built premises in Sydney and Singapore, coaching and mentoring, access to global markets and an unrivaled network of partners. Austrade Jakarta is working with muru-D to highlight the opportunity for young Indonesian entrepreneurs to apply for their residential incubator program in Singapore.

The reception featured a panel discussion which explored the increasing importance of commodity technologies in innovation.  The panel included CEOs from leading fin-tech (Moses Lo, Xendit) and cloud computing companies (Fred Groen, Cloudera), Minister for Communications and Information Rudiantara’s senior technology adviser (Woro Indah Widiastuti), and leading innovators from TelkomTelstra (Indra Utoyo)and muru-D (Jamie Camidge).  60 Indonesian entrepreneurs, start-ups, venture capitals, and ICT association representatives attended the reception.

Moses Lo, the Founder and CEO of Xendit, a P2P payments network in Indonesia, described his passion for the Indonesian market and his firm’s sense of mission in providing mobile payment options to previously underbanked people in Indonesia. Moses a young silicon valley trained Australian entrepreneur with Indonesian and Malaysian parents chose Indonesia for his business when he could have gone anywhere in the world.

Australia has a strong record of innovation in the technology space, and companies like muru-D and TelkomTelstra offer excellent examples of the different ways that Australia can collaborate with Indonesian entrepreneurs.

For more information, please contact Michael Helleman, Acting Senior Trade Commissioner, Austrade Jakarta by email to michael.helleman@austrade.gov.au