Indonesia to launch new state-backed fund to invest in tech startup winners

Indonesia to launch new state-backed fund to invest in tech startup winners

Photo by Falaq Lazuardi on Unsplash

The Indonesian government is planning to roll out a new investment vehicle, titled Merah Putih Fund, in December to invest in homegrown mature startups as part of efforts to tap into the burgeoning tech ecosystem, a top executive told DealStreetAsia.