The network of female founders in Indonesia

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Entrepreneurship is often thought of as a male-dominated field, but in Indonesia, an estimated 60% of enterprises are owned by women.

However, women are usually involved in micro- and small-sized businesses. In larger companies, the rate of female participation declines. Similarly, the country’s tech sector sees a female participation rate of just 22%, with the figure falling further for senior and founder positions.

Venture capital firms in Indonesia have set up programs to engage more women entrepreneurs in the country. These firms include Angin with its women fund, Teja Ventures, Patamar Capital-backed Beacon Fund, and SEAF.

According to a study by the Boston Consulting Group, businesses founded by women get higher revenues – more than twice as much per dollar invested. However, Crunchbase data shows that “the proportion of dollars to female-only founders” globally went down from 2.8% in 2019 to 2.3% in 2020. 

With the pandemic aggravating these challenges, individuals and the ecosystem’s different stakeholders must make more conscious efforts to recognize and promote women to participate in the industry.

 

SOURCES

Data: Queena Wadyanti
Infographics: Susi Susanti
Analysis: Susi Susanti
Editing: Jaclyn Tiu