Seedstars to host seed-stage startup competition
By Digital News Asia September 14, 2017
- Pitching event will be hosted on Sept 16
- Startup has to be less than two years old and have a minimum viable product
SEEDSTARS World, a global seed-stage startup competition for emerging markets and fast-growing startup scenes is coming to Indonesia for the fourth time.
With the support of local host Menara by Kibar, Seedstars World will be holding a pitch event on Sept 16.
Seedstars is a Swiss-based group of companies which has the goal of impacting people’s lives in emerging markets through technology and entrepreneurship.
Seedstars connects stakeholders within these ecosystems, builds companies from scratch with public and private partners and invests in high growth startups.
In line with its mission to place the spotlight on entrepreneurs from emerging markets, Seedstars World is travelling to more than 75 countries this year to identify the best seed-stage entrepreneurs and provide them with an opportunity to win up to US$1million (RM4.2 million) and network with investors and mentors from around the world.
“Seedstars World is a platform connecting investors to the next generation of startup entrepreneurs, pulling the spotlight from Silicon Valley and Western Europe. As this will be our fourth time in Jakarta, our excitement level and expectations are high.
“We have heard so much about the bustling startup ecosystem in Indonesia and we are now here to witness the reality. We are impressed by what we have seen in the continent so far and cannot wait to add startups from Indonesia on our map,” explains Seedstars World Asia associate Adriana Collini.
Its previous participants have raised over US$61million (RM256.38 million) collectively, providing employment to more than 800 employees worldwide.
The companies selected to pitch at the Seedstars Jakarta event need to be less than two years old, have raised less than US$500,000 (RM2.1 million) in funding and have built a minimum viable product, ideally with existing traction.
The Seedstars World team is searching for one additional criterion which is the startup’s regional and global scalability.
With a strong network of international partners such as BBVA, Merck, Enel, Trecc and Standard Bank, Seedstars World is looking for smart startups that solve regional issues and develop profitable products for the global market, to support their regional businesses and growth.
Eight of the best seed stage startups in Indonesia will be invited to pitch for the opportunity to compete at the Seedstars Summit, that annually takes place in Switzerland.
In order to provide local entrepreneurs with this opportunity and aiming to deliver the best possible event, Seedstars World is closely working Octa Ramayana, Head of the Incubation program at Kibar, who is representing the initiative throughout the year.