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Govt-backed Startup Studio Indonesia alumni raised US$65.8M in funding

Startup Studio Indonesia (SSI), an esteemed startup accelerator program backed by the Indonesian government, recently announced that its alumni have collectively secured funding worth US$65.8 million (Rp977,6 billion). To continue the success of these startup developments, the program by the Ministry of Communication and Informatics of Indonesia (Kominfo) has opened the registration for its seven batch in May 2023 and welcomes more promising founders.  Startup Studio Indonesia helps its cohort to increase chance of funding by helping them with focus on finding Product-Market Fit as well as opportunity to network and learn from the best startup players in Asia. In its seventh batch, Startup Studio Indonesia will continue its mission to support the development of early-stage startups to create products that meet market needs. This will be done by improving product iterations, business models, and enhancing user retention before entering the market expansion phase. The Ministry of Com...