Digital parks and high-tech farms: In conversation with Ngurah Swajaya, Ambassador of Indonesia to Singapore

Indonesia

8 min read

Nov 28, 2019

By Putu Agung Wija Putera

Beyond billion dollar investment rounds, Indonesia and Singapore are working together to harness the potential of their startup ecosystems

The tiny island of Singapore has had an outsized influence on Southeast Asia's startup ecosystems, and Indonesia is no exception. Global and regional investors use Singapore, a trusted financial hub, as a launchpad from which to invest in Indonesian companies. Many Indonesian startups have incorporated their businesses in Singapore or used the country as a stepping stone for expansion. Four of Indonesia's five unicorns – ride-hailing firm Gojek, online travel agent Traveloka and e-commerce marketplaces Tokopedia and Bukalapak – have expanded to Singapore or opened R&D outposts there.
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Edited by Wendy Lovinger

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