High Time for Digital Cooperation between Korea and Indonesia(5)

High Time for Digital Cooperation between Korea and Indonesia

This favorable viewpoint has led to produce thousands of startups and 5 unicorns across the country. Against this background, it may not be too much to say that Indonesia will remain as a critical pillar of the regional digital ecosystem.

As the world's biggest archipelago with 17,000 or so islands, Indonesia has been comprehended to have little choices but to rely upon online or mobile platforms powered by ICT (Information and Communications Technology) to have more people advantaged from the convenience and efficiency of the digital economy.

High Time for Digital Cooperation between Korea and Indonesia(5)

High Time for Digital Cooperation between Korea and Indonesia

The potential for growth in the country's digital industry has made it attractive to investors and entrepreneurs alike. Actually, a growing number of venture capitals and startup accelerators have sensed exceptional business opportunities of Indonesia especially in terms of the market size. 

This favorable viewpoint has led to produce thousands of startups and 5 unicorns across the country. Against this background, it may not be too much to say that Indonesia will remain as a critical pillar of the regional digital ecosystem.

 

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(7)

Startup fever in Southeast Asia and its implication for India to improve indispensable public services

Under this circumstance, the Indian government has also come up with a new initiative, ‘Startup India’, to foster startup ecosystems in the country since 2015. The purpose of Startup India is to generate startup-friendly environments for young entrepreneurs to unfold their unfettered business spirit in the ever-changing digital period. 

Presence of as many as 22,000 startups in operation across the country has been partly attributed the government program backed by the latest strong economic growth. In fact, Bengaluru in the Southern part of India, often termed as the Indian Silicon Valley, has even claimed the second place in the list of best locations for launching tech startups globally.