Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Indonesia Encouraging Start-ups to be More Resilient in Adversity

Johnny G. Plate, Indonesia’s Minister of Communication and Informatics has encouraged digital startups to take three steps to increase resilience and avoid layoffs in his statement at the V Kominfo Digital Economy Forum (FEDK V). The “winter” is expected to impact the economy and the risk of stagflation (stagnation and inflation) is high. Hence, he encouraged startup founders to be creative and innovative to adapt to the coming hardships ahead.

The minister reminded tech startups that retrenchment would only solve one problem but eventually create new, more significant issues – efficiency does not mean only laying off employees. Digital startups should develop new approaches, create innovative business models to disrupt markets and provide solutions to various societal problems.

Indonesian digital startups could implement three action plans to remain resilient to face adversity.

“In a situation like this, we need (real) action. The first is compatibility with domestic products. Second, efficiency without sacrificing the workforce. Third, present a business model that can adapt to changing market conditions.” he said at the “Digital Startup Winter: Impacts and Challenges to Indonesia’s Digital Economy Development” forum.

The ministry arranged the forum in response to the ramifications of the pandemic and geopolitical changes. Such issues have impacted supply chains, finances, inflation and energy. As a result, most of the world’s countries are now facing economic pressures. Several Indonesian tech companies, including GoTo, Shopee Indonesia, Ruangguru, and others, have announced layoffs since early Q4 2022.

It is vital to embrace the problematic situation and rise to the challenge to forge new paths so that the nation can grow and become more resilient. With the digital sector’s help, Indonesia can face global challenges.

Tech entrepreneurs, executives, investors, incubators, associations and the government together must continue to support the digital economy ecosystem’s resilience. A multistakeholder collaboration is essential to maintain resilience in the tech sector, and indeed, all areas.

The minister urged entrepreneurs and businesses to use the Digital Innovation Network to keep startup funding sources active. In previous G20 meetings, the government pushed for the Digital Innovation Network, which is part of the Bali Declaration.

Another essential step in driving the digital economy is to support domestic products, particularly micro, small, and medium enterprises (MSMEs). Johnny requested digital economy actors to form a collective commitment to improve alignment with MSME players.

In addition, he highlighted the importance of purchasing and supporting domestic products. So far, with this strategy, Indonesia has maintained economic growth above 5%. “The MSME sector is Indonesia’s strong suit. Our MSME sector will also contribute to Indonesia’s digital economy, e-commerce, and other sectors,” said Jonny.

The FEDK V featured government representatives, CEOs, founders, and top leaders from the digital economy ecosystem. According to the problem statement proposed in the forum, each participant presented a strategic issue. Simultaneously, discuss and deepen based on each other’s understanding and experience.

Director General of Informatics Applications, Semuel A. Pangerapan, Director of Digital Economy at Aptika’s Directorate General, I Nyoman Adhiarna, and Director of Informatics Empowerment at Aptika’s Directorate General, Bonie Pudjianto, were present at the forum.

Bima Laga, Chairperson of the Indonesian e-Commerce Association (idEA), Markus L. Raharja, Secretary General of the Association for Venture Capital for Indonesian Startups (AMVESINDO), Tauhid Ahmad, INDEF Director, and Ibrahim Kholilul Rohman, Lecturer at the Faculty of Economics and Business, University of Indonesia, represented other stakeholders.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com