Jakarta (MidLand) – The Ministry of Communication and Information has opened registration for Startup Studio Indonesia (SSI), which will now be implemented in collaboration with global technology giant IBM, until May 17, 2024.
SSI, which presents itself with the new SSI banner
“SSI’s latest collaboration with IBM is expected to help customers to boot to reach PMF (Adaptation of the product to the market), creating a sustainable financial model, as well as having a solid plan to achieve profitability,” said Director of Digital Economy of the General Directorate of IT Applications of the Ministry of Communications and Information, Boni Pudjianto, in a press release of the Ministry Tuesday.
SSI
SSI bootstrap to Serie A.
In addition to this, priority is given to start-ups that have already done so paid traction for a minimum of six months and startup companies interested in exploring collaboration with IBM in product and business development aspects.
Startup founders interested in taking part in this acceleration program can register on the official SSI website (by May 17, 2024.
After registration, startups will be invited to take part in two interview sessions.
Read also: Startup Studio Indonesia opens registration for batch 8
By the end of May 2024, 20 selected startups will do so elevator pitch to the curator committee, which will select the 10 most relevant startups for the structure of IBM’s SSI
The ten selected startups will be able to take part in a Diagnosis session with the IBM team to identify needs, challenges and product development. The findings from this diagnosis will form the basis for curriculum development throughout the SSI program.
“We believe this material will be useful to everyone to boot initial phase, we therefore invite all founders to participate in this national incubation program,” said Boni.
The SSI accelerator program began in late June with a Founder’s Camp session, where startups can conduct group training with leading professionals to discuss the steps to achieving PMF.
Next, they will take part in a Co-Creation and Coaching session that includes the opportunity to exchange ideas with the IBM team, the SSI Advisory Board and expert coaches to discuss in detail the product, financial, sales and development aspects of startup companies.
IBM’s SSI
Read also: Ministry of Communications and Information opens cross-sector collaboration for startups through SSI
“We are proud to be the first partner of the national incubation program Startup Studio Indonesia. Considering SSI’s track record and Indonesia’s digital potential, we are ready to help and promote selected startups to scale up and improve business results,” he said President Director of IBM Indonesia Roy Kosasih.
To date, a total of 132 SSI alumni startups have experienced business growth and a significant increase in traction since joining the program.
One in three SSI alumni (32%) have been successful in securing advanced funding, and 50% of SSI alumni have established strategic collaborations, with both private and government partners. The total funding received by SSI alumni has reached more than IDR 1 trillion.
These results are in line with the ministry’s mission to implement SSI, namely to help 150 early-stage Indonesian startups “scale up” in terms of number of users, total revenue, employment and funding by 2024.
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Read also: The Ministry of Communication and Information supports SSI graduate startups in opening “pre-seed” financing.
Reporter: Fathur Rochman
Publisher: Maryati
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