Living Lab Ventures to help global startups enter Indonesia with new launchpad

Photo Credit: LLV

Living Lab Ventures (LLV), the corporate venture arm of property developer Sinar Mas Land, has rolled out the LLV Launchpad, an initiative aimed at supporting global startups expanding to Indonesia.

Located in BSD City – the smart megacity project of Sinar Mas Land – the launchpad is designed to help integrate foreign startups into the Indonesian digital economy.

LLV Launchpad will provide startups with insights into the local market, helping them understand local consumer behaviors and adapt their products accordingly. It will also connect them to investment opportunities.

Sinar Mas Land said it may also tap startups in the launchpad for “pilot projects” in BSD City, but the company didn’t disclose further details on the projects.

Since its launch in 2022, LLV has invested in 27 tech startups in Southeast Asia, including Indonesian companies like Social Bread, Paper.id, and Traveloka.

“Most of these startups are locals, but today we are excited to welcome startups from around the globe to expand their market to our digital ecosystem in Indonesia,” said Mulyawan Gani, chief transformation officer at Sinar Mas Land.

Additionally, in January 2024, LLV launched a biomedical fund in Indonesia to support organizations in the biomedical sector, including healthtech startups, research centers, and biobanks.

See also: Sinar Mas Land’s dual approach to create Indonesia’s Silicon Valley