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Aditya Hadi Pratama · · 6 min readIs there a future for incubator and accelerator programs in Indonesia?
Over the past decade, the startup ecosystem in Indonesia has continued to expand, as shown by the growing number of stakeholders involved. However, while new startups are coming up and attracting more investors to Southeast Asia’s most populous country, supporting programs such as incubators and accelerators are still finding their feet.
There were seven active tech-focused incubators and accelerators in Indonesia in 2018 outside of social impact and university-backed platforms, according to a report by Jakarta-based angel investor network Angin. Now, just four among those mentioned in the report are still currently operating, though new players, either independent or corporate-backed programs, have since emerged.
Tech incubators and accelerators in Indonesia (programs in red row are inactive):
| Name | Mandate | Corporate Affiliations |
Status |
| Gojek Xcelerate | Education and synergy |
Gojek | Operating since 2019 |
| Antler | Valuation | – | Operating since 2019 (in Indonesia) |
| Skala | Sustainability | Innovation Factory | Operating since 2019 |
| Surge | Valuation | – | Operating since 2019 |
| GnB Accelerator | Valuation | Infocom Corporation | Inactive since 2019 |
| Grab Ventures Velocity |
Education and synergy |
Grab | Operating since 2018 |
| Google Launchpad Accelerator |
Education and synergy |
Stopped taking participants from Indonesia since 2018 |
|
| BNV Labs | Synergy | Bank Bukopin | Inactive since 2018 |
| IDX Incubator | IPO | IDX | Operating since 2017 |
| GK-Plug and Play | Valuation and corporate synergy |
Gan Kapital | Operating since 2017 |
| Founder Institute | Course fee | – | Inactive since 2017 |
Cash flow problem
Corporate backers
Alternative revenue sources
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Only about half of 17 incubator programs established since 2011 are active. Many are struggling to generate sufficient revenues.
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