Indonesian Ministry of Tourism and Creative Economy
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Founder and CEO of Paprika
A graduate in Marketing from RMIT University in Australia, Kalvin Yap made his entrepreneurial debut in 2015 when he decided to set up PT Paprika Multi Media. Prior to running the Paprika loyalty rewards app for SMEs, he had worked for nine years as a purchasing manager at a timber and wood products company PT Budi Tamora Permai.
A graduate in Marketing from RMIT University in Australia, Kalvin Yap made his entrepreneurial debut in 2015 when he decided to set up PT Paprika Multi Media. Prior to running the Paprika loyalty rewards app for SMEs, he had worked for nine years as a purchasing manager at a timber and wood products company PT Budi Tamora Permai.
Co-founder and CTO of eFishery
Chrisna Aditya graduated with an Electrical Engineering degree in 2011 at Institut Teknologi Bandung, Indonesia. He founded a mobile app development business and ran it for one year. In 2012, he joined fellow ITB alumnus Gibran Huzaifah to set up aquaculture startup PT Multidaya Teknologi Nusantara. The company later launched the eFishery automatic fish feeder system.
Chrisna Aditya graduated with an Electrical Engineering degree in 2011 at Institut Teknologi Bandung, Indonesia. He founded a mobile app development business and ran it for one year. In 2012, he joined fellow ITB alumnus Gibran Huzaifah to set up aquaculture startup PT Multidaya Teknologi Nusantara. The company later launched the eFishery automatic fish feeder system.
Co-Founder and Business Director of Female Daily Network
Universitas Indonesia graduate Affi Assegaf had worked at Hard Rock Radio Bali and Garam Productions before joining MAC Cosmetics as a PR manager. While at MAC, she started her own blog, which led her to meet fellow blogger Hanifa Ambadar. Hanifa invited her to join Fashionese Daily in 2007. Their blogging project has since expanded into today’s Female Daily Network.
Universitas Indonesia graduate Affi Assegaf had worked at Hard Rock Radio Bali and Garam Productions before joining MAC Cosmetics as a PR manager. While at MAC, she started her own blog, which led her to meet fellow blogger Hanifa Ambadar. Hanifa invited her to join Fashionese Daily in 2007. Their blogging project has since expanded into today’s Female Daily Network.
Co-founder and CEO of Pakde
Prior to becoming an entrepreneur, Nicko Batubara had built a strong career in banking. After graduating in 2012 with a bachelor's in Industrial Engineering from Institut Teknologi Bandung (ITB), Indonesia, Nicko joined Citibank as a financial officer and rose to become an Assistant Vice President in 2015. He left the company in 2017 to establish logistics service startup Pakde.
Prior to becoming an entrepreneur, Nicko Batubara had built a strong career in banking. After graduating in 2012 with a bachelor's in Industrial Engineering from Institut Teknologi Bandung (ITB), Indonesia, Nicko joined Citibank as a financial officer and rose to become an Assistant Vice President in 2015. He left the company in 2017 to establish logistics service startup Pakde.
Founder and CEO of TMiRob
After earning a master’s degree in Control Engineering from Shanghai Jiao Tong University in 2003, Pan joined the National Instruments Corporation (China), where he helped develop the Lego Mindstorms EV3 robot and MIT’s cheetah robot. In 2009, Pan founded Fingertip Health, which sells a self-developed HIS software. He founded TMiRob in January 2015.
After earning a master’s degree in Control Engineering from Shanghai Jiao Tong University in 2003, Pan joined the National Instruments Corporation (China), where he helped develop the Lego Mindstorms EV3 robot and MIT’s cheetah robot. In 2009, Pan founded Fingertip Health, which sells a self-developed HIS software. He founded TMiRob in January 2015.
CEO and Co-founder of Ximalaya
Serial entrepreneur Yu Jianjun founded three businesses before co-founding his most successful startup Ximalaya, China’s largest online audio sharing and service platform. After graduating with a masters in mechanical engineering from Xi’an Jiaotong University, Yu began his entrepreneurial journey by building virtual city maps using 3D modeling technology. His second business, City Bar, was sold to Baidu.
Serial entrepreneur Yu Jianjun founded three businesses before co-founding his most successful startup Ximalaya, China’s largest online audio sharing and service platform. After graduating with a masters in mechanical engineering from Xi’an Jiaotong University, Yu began his entrepreneurial journey by building virtual city maps using 3D modeling technology. His second business, City Bar, was sold to Baidu.
Founded in Beijing in 2015, Frees Fund is an asset management company with a portfolio valued at RMB 3.6bn. Frees primarily invests in early-stage startups in diverse sectors including fintech, education, healthcare, entertainment, hardware, intelligent manufacturing and SaaS. The VC is incorporated as Shanghai Ziyou Investment Management Co Ltd.
Founded in Beijing in 2015, Frees Fund is an asset management company with a portfolio valued at RMB 3.6bn. Frees primarily invests in early-stage startups in diverse sectors including fintech, education, healthcare, entertainment, hardware, intelligent manufacturing and SaaS. The VC is incorporated as Shanghai Ziyou Investment Management Co Ltd.
Co-founder of Mobvoi
Zhu graduated from Stanford University in 2012 with a master’s in Mechanical Engineering. That same year, he returned to China and co-founded Mobvoi. In 2014, Zhu left Mobvoi to work at IDG Capital Partners as the firm’s first Entrepreneur-In-Residence. A year later, he joined VC firm FreeS Fund, where he now serves as vice president.
Zhu graduated from Stanford University in 2012 with a master’s in Mechanical Engineering. That same year, he returned to China and co-founded Mobvoi. In 2014, Zhu left Mobvoi to work at IDG Capital Partners as the firm’s first Entrepreneur-In-Residence. A year later, he joined VC firm FreeS Fund, where he now serves as vice president.
Co-Founder and Financial Controller of IWAK
Central Java’s highest national exam scorer, Anggita Arum Pertiwi (known as Gita), is currently pursuing her undergraduate studies in Accounting at Gadjah Mada University (UGM) in Yogyakarta. Originally from Temanggung regency in Central Java, Gita won third place in the National Accounting Challenge 2015. She is IWAK’s financial controller and also works as a teaching assistant at UGM. IWAK is a crowdfunding startup for commercial fish farming.
Central Java’s highest national exam scorer, Anggita Arum Pertiwi (known as Gita), is currently pursuing her undergraduate studies in Accounting at Gadjah Mada University (UGM) in Yogyakarta. Originally from Temanggung regency in Central Java, Gita won third place in the National Accounting Challenge 2015. She is IWAK’s financial controller and also works as a teaching assistant at UGM. IWAK is a crowdfunding startup for commercial fish farming.
Founder and CEO of SCOOP, Founder of EV Hive
East Ventures co-founder Willson Cuaca graduated from Bina Nusantara University with a bachelor’s degree in Computer Science. He worked at Singapore-based Red Sentry, a cyber security and network performance optimization company. In 2010 he co-founded East Ventures, a seed-early stage venture capital firm. That same year, he also co-founded Apps Foundry, a mobile company that developed the e-reader app SCOOP, among other things.
East Ventures co-founder Willson Cuaca graduated from Bina Nusantara University with a bachelor’s degree in Computer Science. He worked at Singapore-based Red Sentry, a cyber security and network performance optimization company. In 2010 he co-founded East Ventures, a seed-early stage venture capital firm. That same year, he also co-founded Apps Foundry, a mobile company that developed the e-reader app SCOOP, among other things.
Xia Zuoquan (b. 1963) co-founded BYD in 1996, which makes cars as well as batteries for electric vehicles. BYD is about 10% owned by Warren Buffett's Berkshire Hathaway. Xia founded Zhengxuan Capital in 2004, an investment firm having over RMB 10 billion in assets under management. Zhengxuan Capital has invested in more than 30 companies in gene sequencing, robotics, smart hardware, chip design, supply chain finance and talent assessment sectors. Xia was placed no. 256 in the 2015 Forbes China Rich List, with an estimated net worth US$1.2 billion.
Xia Zuoquan (b. 1963) co-founded BYD in 1996, which makes cars as well as batteries for electric vehicles. BYD is about 10% owned by Warren Buffett's Berkshire Hathaway. Xia founded Zhengxuan Capital in 2004, an investment firm having over RMB 10 billion in assets under management. Zhengxuan Capital has invested in more than 30 companies in gene sequencing, robotics, smart hardware, chip design, supply chain finance and talent assessment sectors. Xia was placed no. 256 in the 2015 Forbes China Rich List, with an estimated net worth US$1.2 billion.
Founded in 2015 in Limassol in Cyprus, Caspian Venture Capital Partners has at least six companies in its portfolio. Its last disclosed investment was in 2017 when it participated in sustainable transportation and magnetic levitation firm Hyperloop’s $135m Series B round. Prior to that, in 2015 it invested in US-based Diamond Foundry, the world’s first certified carbon-neutral lab-produced diamond manufacturer.
Founded in 2015 in Limassol in Cyprus, Caspian Venture Capital Partners has at least six companies in its portfolio. Its last disclosed investment was in 2017 when it participated in sustainable transportation and magnetic levitation firm Hyperloop’s $135m Series B round. Prior to that, in 2015 it invested in US-based Diamond Foundry, the world’s first certified carbon-neutral lab-produced diamond manufacturer.
Co-founder and CTO of Paprika
Welly Huang is a web developer with a degree in Information Technology from STMIK Mikroskil, Indonesia. He started working as a web developer at Mikroskil while at university. After graduating in 2014, he established a web development agency CelsiusTech that was closed down a year later. Welly joined Kalvin Yap to develop rewards app Paprika and also worked for seven months as a development team lead at Medan’s e-tailer Otten Coffee in 2015.
Welly Huang is a web developer with a degree in Information Technology from STMIK Mikroskil, Indonesia. He started working as a web developer at Mikroskil while at university. After graduating in 2014, he established a web development agency CelsiusTech that was closed down a year later. Welly joined Kalvin Yap to develop rewards app Paprika and also worked for seven months as a development team lead at Medan’s e-tailer Otten Coffee in 2015.
Co-founder and VP of Product of Jala
Syauqy Nurul Aziz graduated in Electrical Engineering from Universitas Gadjah Mada in Indonesia in 2014. Prior to graduating, he had joined UGM’s aerospace competition team and co-founded a game development studio. After graduation, he worked as a programmer at mobile app developer Amagine Interactive for a year. Syauqy also joined fellow UGM graduates to establish Atnic. He left Amagine in 2015 to focus on Atnic projects, including their leading product Jala.
Syauqy Nurul Aziz graduated in Electrical Engineering from Universitas Gadjah Mada in Indonesia in 2014. Prior to graduating, he had joined UGM’s aerospace competition team and co-founded a game development studio. After graduation, he worked as a programmer at mobile app developer Amagine Interactive for a year. Syauqy also joined fellow UGM graduates to establish Atnic. He left Amagine in 2015 to focus on Atnic projects, including their leading product Jala.
Founder and CEO of Geetest
After graduating with a bachelor’s degree in Remote Sensing and Information Engineering from Wuhan University in 2009, Wu worked as a lab researcher at his alma mater. In 2012, he left Wuhan University to found Geetest with Zhang Zhenyu.
After graduating with a bachelor’s degree in Remote Sensing and Information Engineering from Wuhan University in 2009, Wu worked as a lab researcher at his alma mater. In 2012, he left Wuhan University to found Geetest with Zhang Zhenyu.
The edtech startup formerly named Squiline hopes greater fluency in English can boost Indonesia's creative and tourism sectors
Indonesia launches national pitch competition HighPitch 2020 to re-energize its startup ecosystem
With 43 VC investors so far joining as judges and mentors, HighPitch 2020 aims to reconnect investors with young startups across the country amid Covid-19
What Indonesia’s election could mean for startups and investors
Industry players voice their hopes, concerns and expectations as the April presidential election nears
Indonesian startup Traval goes virtual to stay afloat during pandemic
The startup is also trying to set itself apart from mainstream tourism with tours like Zero Waste Journey where travelers do not bring plastic items and even plant trees
HighPitch 2020: Waste management play Octopus, digital concierge service Izy win Makassar battle
Both startups have scored strong traction despite the weight of Covid-19; they are also expanding and keen to explore new opportunities
Beyond billion dollar investment rounds, Indonesia and Singapore are working together to harness the potential of their startup ecosystems
Bekraf: Growing a creative, productive Indonesia
Established to support Indonesia's creative industries as a whole, Bekraf is also an important link between government and the burgeoning startup landscape
HighPitch 2020: Goers wins Indonesia's national startup competition
Event ticketing startup Goers gains new revenue streams with pivot to helping leisure spots go online; hotel SaaS Izy and on-demand medical testing service CekLab also in top three
Gojek CEO resigns to join Indonesia's new cabinet; named education minister
Nadiem Makarim was confirmed as Indonesia's education and culture minister and will become "a passive shareholder" in Gojek
HighPitch 2020: In conversation with top winners and UMG Idealab head Kiwi Aliwarga
Goers, Izy and CekLab demonstrated quick thinking when adapting their businesses to the pandemic, a capability they will need to stay competitive post-Covid
Node: Fighting deforestation with fashionable footwear from agricultural waste
Using patented technology developed with Indonesia’s Ministry of Agriculture, Node turns farm waste and plant materials into biodegradable vegan footwear and shoe components to help fight deforestation.
F&B supplier STOQO collapses, a casualty of Covid-19 restaurant closures in Indonesia
A once promising startup, STOQO's woes reflect the challenges faced by the local F&B industry, which is finding new ways to stay afloat
HighPitch 2020: Yogyakarta chapter won by on-demand lab testing and solar cell startups
Judges lauded the variety of ideas, but said startups could improve their presentations and clearly state the problems they are solving
HighPitch: E-grocery marketplace Pasar20 and healthcare edtech Appskep top the Medan chapter
Representing Sumatra’s startup ecosystem in the national finals later in November, Pasar20 and Appskep have ambitious expansion plans in store
HighPitch 2020: Event ticketing and legal tech startups come up tops in Jakarta chapter
VC judges favored Goers’s strong pivot amid Covid and HAKITA’s outstanding pitch
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