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The Development of Startup Company in Indonesia

Mime Asia Team December 25, 2019

Popular and Successful Startup Company in Indonesia You Must Know Recently, the word startup is quite familiar among entrepreneurs. In Indonesia startup business has been very popular for the last decades. Many young entrepreneurs started ...

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Codafood Will Help Bring Local Culinary Abroad

Mime Asia Team December 24, 2019

In the international arena, Indonesian culinary in fact becomes a popular culinary and is considered to have a high-class taste by many people. As proof, two Indonesian specialties namely rendang and nasi goreng were ranked ...

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Halodoc Healthcare Startup Takes Oath of Non-Medical Workers

Mime Asia Team December 24, 2019

Startups or digital startups continue to grow in Indonesia, including Halodoc healthcare startup. Not only financial services, but health services can now also be handled through startup companies in the form of applications. However, can ...

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80,000 Zenius Learning Videos Can Now Be Accessed For Free

Mime Asia Team December 23, 2019

Zenius has finally allowed everyone to access the Zenius learning videos for free to support the freedom of learning proclaimed by the Minister of Education and Culture, Nadiem Makarim. Zenius, as a technology-based or edtech ...

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Indonesian Startups and IT Innovations Will Be Exhibited at the Hannover Messe 2020

Mime Asia Team December 23, 2019

Hannover Messe 2020 will be held in April and Indonesian startups innovations are expected to be showcased at this event. The Indonesian government continues to finalize preparations to become an official partner country at the ...

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Ravenry, Ibunda, and Crowde Won the Best Startup in The NextDev Summit 2019

Mime Asia Team December 20, 2019

The NextDev has been successfully held by Telkomsel recently. Previously, this state-owned company was reported to hope to make The NextDev the best startup community. In this case, The NextDeve should develop its community members’ ...

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$Switching into industry 4.0, Indonesia started to be flooded with startups. Indonesia itself has entered the top five for the country with the most startups in the world. That’s why the competition is getting tougher with the increasing number of startups in Indonesia. It also raises a dilemma between the need for other new startups or successful startups in the country. What is the most important one: many startups in all sectors or a few successful startups in each industry? CEO Cyberwhale Solutions shared his thought related to this case. Aldi Ardilo Alijoyo said that the increasing number of startups in Indonesia is a good thing. “So the quantity of Indonesian startups is helpful. Because developing a startup is not free, so there is a contribution to Indonesia,” he said during the ERM Academy Risk Beyond 2019 recently. According to him, startups cannot be separated from existing natural laws. Among the many startups in Indonesia, some of them will be selected by themselves. “It is like when we were thrown into the water, we would either drowning or swimming. We try to survive,” he added. Not All Startups in Indonesia Are Successful The Vice-Chancellor for Academic Affairs at the Parahyangan Catholic University, Tri Basuki Joewono, revealed similar things. “In my opinion, the more people want it, the better. This is because those who want it are not necessarily all successful,” he said during the same occasion. Aldi added that the large startup growth without being accompanied by the growth of markets was also dangerous. However, he said that currently Indonesia was still in a safe growth stage or it was even considered in a very good phase. “For example, if there are 1 billion people in Indonesia and all of them create startups, t would be dangerous too. But until this stage, it's still very good,” he explained. Cyberwhale itself is a startup engaged in the field of product digitalization services. On the same occasion, Aldi also emphasized that the burning money strategy is not always dangerous because there is a calculation behind it. He also said that every startup has the funding capacity to ‘burn’ their money through exclusive promos and discounts. “Let’s say one brand is considered to have burnt USD 100 billion of money, it is just tolerance. Its capacity could be beyond it,” Aldi said. Thus, people don’t need to feel sorry about it because the amount is typically only a fraction of tolerance that is usually 10 percent. Burning Money Strategy Done by Startups Is Not Always Dangerous Aldi continued that the capacity in question is the number of money startups have when making a startup. “For example, shareholders invested in some money, let's say 100 million rupiahs. It means that the capacity to burn money is only 10 million rupiahs” he said. According to him, the amount of money burned is usually calculated first based on the risk. “So, how much risk capacity is calculated first. If I have a capacity of USD 100 thousand burned, but I tolerate up to USD 10 thousand only,” he added. This was Aldi’s thought related to the popular ‘burning money’ strategy that is considered dangerous by some economic observers in Indonesia. The case of WeWork becomes the reflection of many Indonesian economic observers to say that burning money is not always a good strategy for startups. In Indonesia itself, many startups have done this kind of strategy by offering massive promos in their platform. Some startups including Dana, OVO, and also Gopay have used this strategy to gain the number of users. Yet, one of the OVO investors found this strategy uninteresting. ERM Academy Risk Beyond 2019 itself is an event that was recently held in Bali. The theme of this year’s event is The Next Generations, Embracing GRC in Industry 4.0. This event discussed how to deal with challenges in the upcoming industry 4.0 eras.$

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Many Startups VS Successful Startups, Which One Is Better?

Mime Asia Team December 20, 2019

Switching into industry 4.0, Indonesia started to be flooded with startups. Indonesia itself has entered the top five for the country with the most startups in the world. That’s why the competition is getting tougher ...

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Supporting Startup Growth, UI Opened a Co-Working Space

Mime Asia Team December 19, 2019

University of Indonesia (UI) presented a communal workspace to encourage the growth of startups in the campus environment. This facility is located at the UI Library Building. The Chancellor of the University of Indonesia Prof. ...

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Halodoc Shared about Its Upcoming Strategies to Compete in the Market

Mime Asia Team December 19, 2019

One of the Indonesian startups engaged in the health sector, Halodoc will invest in a more down-to-earth solution in the community. This mission is supposed to support the startup to win the competition among the ...

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Millennial Basecamp: A Program To Encourage Indonesian Youth To Build Startups

Mime Asia Team December 18, 2019

Yayasan Bina Insan Gemilang Indonesia or BIG Indonesia launched the Millennial Basecamp or Youth Empowerment Center. This program aims to develop the abilities of Indonesian youth in the startup field. BIG Indonesia collaborates with some ...

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