NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS) is adding two new Indonesian cities to its Block71 family of incubation hubs. The opening of the new locations in Bandung and Yogyakarta follow the establishment of its Jakarta hub in mid-2017.
Through Block71 – which started out in Singapore’s One North tech district in 2011 – startups are offered incubation support, as well as opportunities like business competitions and conferences.
Entrepreneurs based in Yogyakarta and Bandung now have access to the ecosystem’s global network and resources, as well as other Block71 facilities. In addition to Singapore and Jakarta, these include Suzhou in China and San Francisco in the US.
“[The] three Block71 locations in Indonesia will facilitate greater information exchange, strengthen connectivity, and promote growth between the startup ecosystems in Singapore and Indonesia. These […] locations will open doors for startups from Singapore and the Block71 family to grow their presence in Indonesia and facilitate access to international markets for local startups,” said NUS president Tan Eng Chye.
Editing by Jack Ellis
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