Indonesian Communication Ministry introduces Startup Studio Indonesia
The story: As a way to accelerate digital transformation, the Ministry of Communication and Information of Indonesia (Kemenkominfo) will host Startup Studio Indonesia, an intensive programme for an early-stage startup to scale its business. This will be the third project initiated by Kemenkominfo after Gerakan Nasional 1000 Startup Digital in 2016 and Nexticorn (Next Indonesia Unicorn) in 2017.
The programme: The Startup Studio Indonesia targets startups that are in Angel to Pre-Series A funding stage, including those who were formed through Gerakan Nasional 1000 Startup Digital, so these startups can scale up faster with various supports that focus on product and team acceleration, fundraising strategy and growth marketing validation, as well as technology development support, and sharpening business skill.
The program will run for three months with intensive coaching and mentoring every week to make sure the startups participating hit the Key Performance Indicator determined in the beginning.
The program welcomes applications from August 18 to September 4 through its website .
Indonesia’s The Shonet launches social commerce to help fashion, beauty industry survives
The story: Indonesian fashion social commerce startup The Shonet launches its social commerce officially, as its contribution to push industry productivity through its platform. The Shonet launches a share and earning service to be able to buy and get a commission through referrals and content sharing from official brand collections available on the site.
Also Read: [Exclusive] Raising a new funding round, The Shonet aims to push for greater growth
CEO of The Shonet Indonesia, Elisabeth Kurniawan, explains that this initiative would be a way to help push the national economy through digital transactions.
What is The Shonet: The Shonet (short for Shopping Network) is Indonesian social commerce that facilitates its customers to buy and sell fashion and beauty products based on The Shonet’s local and international brand collection. The fashion social commerce claims to have more than three million users per July 2020 and carries 500 fashion and beauty brands in its ecosystem.
Nex Cubed, ESG support 16 Singaporean digital health startups through Innovation Launchpad Program
The story: Nex Cubed, a San Fransisco-based early-stage innovation and startup accelerator, has announced a partnership with Enterprise Singapore (ESG), the government agency that supports enterprise development and startup innovation, to run Innovation Launchpad Program for Singapore’s digital health startups that are interested in expanding their business to the US market, as reported by Biospectrum Asia.
The partnership: According to the CEO of Nex Cubed Marlon Evans, the accelerator will run the programme in two cohorts for a three-week virtual acceleration program. It will provide companies from outside the US with the tools, resources, and knowledge required to successfully and affordably scale their business into the US Market.
Applications are now being accepted for the first cohort which will take place from November 2, 2020, through November 20, 2020.
What Nex Cubed is: Nex Cubed is an investor and innovation partner that empowers startups, investors, corporates, and governments to bring new technologies to market, helps rising companies scale, and provides paths to liquidity.
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