Meet a Decacorn and a Unicorn and Surf Into Indonesia’s Digital Future

Indonesia stables the highest number of unicorns in ASEAN including Gojek, Indonesia’s first decacorn – a company valued at over $10 billion.

A digital dynamo driving Southeast Asia’s Industry 4.0 momentum – Indonesia is a market just too big to ignore.

Join us for our Digital Conversation on Indonesia’s digital landscape and why UK digital companies should be partnering with Indonesian tech firms to disrupt the now and transform the future. This event is brought to you by the UK-ASEAN Business Council in partnership with the Indonesian Investment and Promotion Centre and the Indonesian Embassy.

Overview

Indonesia, the largest country in Southeast Asia and the world’s 4^th most populous, is well on course to becoming a digital giant. Google estimates its digital economy will be worth £106 billion by 2025. This Digital Conversation features Deputy Coordinating Minister, Mr Odo R.M. Manuhutu, and senior figures from Gojek and Tokopedia, two of Indonesia’s unicorns, as well from business transformation specialists Accenture, to hear about the many opportunities for UK businesses and how COVID19 is changing digital adoption.

Indonesia’s digital economy contributes to 40% of ASEAN’s total gross manufacturing value within the region. Indonesia is not only home to 167 fintech companies but also has the highest number of unicorn start-up companies in the region, namely Gojek, Tokopedia, OVO, Bukalapak, Traveloka, and JD Indonesia.

In January 2020, it was estimated that there were 175.4 million internet users, a year on year increase of 25 million and 160 million social media users. Facebook recently announced it was investing in Gojek, a clear indication of the country’s potential and growing investor interest.

The Oxford Business Group predicts that medical-technology (Med-tech) and education-technology (Ed-tech) businesses will make up the next wave of Indonesian unicorns. The crucial need for these businesses has become even greater as they respond effectively to the recent pandemic.

This Digital Conversation is relevant to all businesses looking to grow in Indonesia, either by digitising your business or looking to move into a digital business, it will provide an understanding of the digital landscape. To register for this event click on the link below. It is free to attend this event.

Areas of discussion

• What are the opportunities with Indonesia’s digital economy?
• How can the UK’s strengths in technology and education help develop Indonesia’s digital industry?
• What are the obstacles to growth and how can they be overcome?
• How can technology help achieve inclusive growth so that remote parts of Indonesia can also benefit?

Programme

Welcome remarks by Baroness Neville-Rolfe DBE CMG, Chair, UKABC

Keynote address by Mr Odo R.M. Manuhutu, Deputy Coordinating Minister for Tourism and Creative Economy, Coordinating Ministry for Maritime and Investment Affairs, Republic of Indonesia

Followed by a panel discussion.

What are the opportunities for Indonesia’s digital economy? What does Indonesia need to do to achieve its potential as a digital leader in ASEAN? How can UK and Indonesian companies do more digital business together?                        

• Astri Wahyuni, VP Public Policy & Government Relation, Tokopedia
• Berni Moestafa, VP Public Policy & Government Relations, GoJek
• Steven Marcelino, ASEAN Capital Market Lead, Accenture UK

Further Reading

How is Indonesia developing its digital economy? Oxford Business Group

e-Conomy SEA 2019. Bain & Company

Leading the New Normal. Michael Page

Jobs in Technology in Indonesia. Michael Page