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Indonesian and Korean start-ups showcased in a joint event

An inaugural Indonesia-Korea Tech Start-up Demo Day happened recently in South Jakarta, according to a recent report.

The event was hosted by the Indonesian Creative Economy Agency (BEKRAF), together with the South Korean Ministry of SMEs and Startup; and the South Korean Ministry of Sports, Culture and Tourism.

25 start-ups from both Indonesia and Korea participated in the event that included a pitching session, which gave them the opportunity to introduce their products and services to potential investors.

A number of participating South Korean start-ups produce industrial-grade machinery and equipment.

Zeus Tech, for instance, are producers of precision motors while Diamond Tools Solutions are manufacturers of safe-cutting diamond tool.

Payperse also participated in the event. An enabler for Fintech services, the start-up is a big data platform for mobile payment services.

Manpro, an online platform from Indonesia, provides a project management platform for construction projects.

It is a participant of the Plug and Play Indonesia accelerator program and has for its clients BEKRAF and Bank Tabungan Negara (BTN), Indonesia’s leading state-owned bank.

Health tech is also a popular sector among the start-ups, which includes Vaxcorp.

It is an Indonesia-based end-to-end healthcare management platform, which allows patients to book appointments at healthcare facilities. This enables healthcare providers to manage their operations.

Medi-Whale was also present at the event. It is a start-up that builds artificial intelligence (AI) solutions to detect eye and cardiovascular diseases by simply looking into the conditions of the eyes.

Its platform claims to have 80% accuracy and will eventually save healthcare costs for patients in the long run.

This start-up was inspired by its founder’s personal experience of late glaucoma diagnosis. It is currently preparing pilot projects with three hospitals in South Korea.

Also present during the event was Xrisp, which produces its own series as well as developing a digital theme park for children in South Korea. It is set to launch one in Germany in November.

Svara is a start-up from Indonesia that aims to bring the radio industry back from the dead by building an app that combines music, radio, broadcast, podcast, and social media in one place.

It partners with more than 700 local radio stations and boasts of having around 80,000 users. Their total revenue is US$ 200,000.

It has also gained recognition, some of which include being the winner of the 2017 National Research Grant on Blockchain in Music from the Indonesian Ministry of Research and Technology as well as being the winner of the ITB Research Grant 2018.

The Indonesia-Korea Tech-Startup Demo Day was part of the Global Mentoring Program, which aims to explore the potential and development of South Korean start-ups to enter the Indonesian market.

Other events in the week-long program were mentoring sessions conducted by venture capital firms; a visit to Go-Jek, Qraved, and accelerator offices; participation in Tech In Asia Jakarta 2018 conference; and participation in the business-matching and demo day.


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