Indonesia
There are fewer investible startups in adaptation compared with mitigation.
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The application of AI has created a wider spectrum of investable startups for VCs.
Industry experts said they want to engage with regulators to guide fintech founders and investors.
LPs are turning to mid-sized funds in SE Asia as capital flow to China slows down.
There is ample dry powder waiting to be deployed into sensible companies, said investors.
“The expectation to shift gears from growth mode to profitability mode may have been too sudden.”
Agritech and aquatech startups must focus on traditional approaches and simple tech.
Industry experts pointed out the importance of localising the sourcing of the most challenging component of EVs—batteries.
“TikTok has saved Tokopedia from the fierce competition in Indonesian e-commerce.”
The INA is open to further collaborations with private investors, said vice minister for SOEs Kartika Wirjoatmodjo.
