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| Kemenkominfo Gelar HUB.ID Summit, Ini Alasannya |
The Ministry of Communication and Information ( Kemenkominfo ) explained the purpose of holding the HUB.ID Summit, which is an event that brings together early stage to investors and Business Partners.
Director of the Digital Economy of the Ministry of Communication and Information I Nyoman Adhiarna expressed his appreciation to the 80 digital startups selected as participants of the 2022 HUB ID Summit and all venture capital business partners from private state-owned enterprises and government organizations who attended today's event.
"I really appreciate your presence at today's event. This is your support to encourage the growth of Indonesia's digital startup ecosystem through the 2022 HUB.ID Summit," he said, Monday (5/9/2022).
He also said that although the global economy is currently in a downturn, he believes the digital economy sector is one of the keys to the national economic recovery. The Ministry of Communication and Information also assesses that the digital economy in Indonesia has great prospects with a valuation of up to US$70 billion in 2021 and in 2025 it will be US$100.147 billion.
"The development of the digital economy is also supported by the growth of national and regional startup ecosystems in Southeast Asia, which start investment transactions from 700 investment transactions in 2020 to 942 in 2021," he explained.
According to I Nyoman, Indonesia is and has become the largest startup investment magnet in Southeast Asia. This is based on the fact that throughout 2021, 42 percent of the total startup investment in Southeast Asia will come from Indonesian startups.
Meanwhile, the value of Indonesian startup investments continued to increase to US$5.68 billion or approximately Rp.45.8 trillion. In 2021, overall, Indonesian digital startups will rank fifth in terms of the largest number of startups in the world with a total of 20391 startups and have 14 unicorns and 2 decacorns.
His party held the 2022 HUB.ID Summit. This event aims to enable early stage startups to get pre-series or series A funding. The HUB.ID Summit consists of panel discussions and business meetings between startup founders and venture capital and business partners.
Head of the HUB.ID Business Matchmaking Team Luat Sihombing explained that this event was attended by 80 startups that had been curated by Hub.ID and Impaccto, besides that this event was also attended by 80 Venture Capital and Business Partners.