Indonesia-based Bakrie Telecom on June 13 launched the Nusantara Incubation Fund (NIF), which plans to invest in companies that deal with mobile and web technology, as well as new media. The iniative is part of Bakrie’s Telecom Media and Technology Vision 2015, which was announced in March.
The fund has been allocated Rp 100 billion(US$11.72 million) to invest in these companies, which can range from early stage to high growth stage companies. Besides funding, the NIF would also work with the companies’ founders to provide mentoring, facilities, and links to strategic partners and companies.
“From here we expect the new Kaskuses and Koprols will be born, and they should be owned by us. Although there will be others to invest, it’s no problem,” said Anindya Novyan Bakrie, the principal of the fund.
The objective of the incubator is to facilitate the best ideas and take it to the higher level by inviting Indonesia’s technopreneurs to submit proposals, business ideas and concepts. If chosen, they will get financial support and support in order to succeed.
Among those who are in the Investment Committee are Hasan Yahya, Shinta w. Dhanuwardoyo, Eric Meijer and Jastiro Abi.
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