Innovative Academy, a startup incubator under the Directorate of Business Development at Gadjah Mada University, once again held its 12th batch of incubation program in an effort to promote innovation among young entrepreneurs. This program is designed to provide comprehensive support to startups by granting access to resources, mentorship, and networks necessary for success.
On Tuesday, February 27th, 2024, the Head of Program at Innovative Academy, Denny Wijayanto, attended the All Hands event organized by Bukit Vista. Denny provided insights into the business world through his experience and career in developing startups in Innovative Academy. Denny Wijayanto’s career is a remarkable tapestry of innovation and leadership. Beginning as a Finance Manager at Stranough Guitar Technology in 2008, he swiftly climbed the ranks to AVP, showcasing his financial prowess. By 2012, he had shifted to a management role at Hamaren, further honing his leadership skills. His passion for innovation led him to the Innovative Academy in 2013, guiding future change-makers as Head of the Program. Simultaneously, he delved into the tech world with PT. Stechq Robotika Indonesia as Senior Marketing Specialist, demonstrating his marketing acumen in the burgeoning robotics sector. Denny Wijayanto addressed the evolution of startup funding over the past decade and the influence of emerging technologies on investment strategies from a comprehensive perspective, drawing from his extensive experience in the field. He outlined how the startup funding landscape has transitioned from a straightforward quest for investors to a more complex environment characterized by increased scrutiny, competition, and strategic financial management. He noted that in the earlier part of the decade, around 2013-2014, the Indonesian startup scene lacked significant players, making it easier for new startups to attract investment simply based on promising ideas. This contrasted sharply with the present scenario, where the market is more saturated, and investors are cautious, given the failures and market corrections observed in the sector.
Continuing the #Hack4ID event previously held in Yogyakarta, the next target city for the Ideathon program initiated by the National Movement of 1000 Digital Startups is Surabaya. The National Movement of 1000 Digital Startups, with its MSIB program, collaborated with the Innovative Academy under the auspices of the Directorate of Business Development at Gadjah Mada University, successfully organized the #Hack4ID event held at Headquarters on March 9-10, 2024, attended by 58 participants.
In May 2023, City University of Hong Kong (CityU) held the “HK Tech 300 Southeast Asia Startup Competition,” which attracted more than 100 startups from various countries in Southeast Asia and Hong Kong. The event was attended by startups from various fields, such as deep tech, artificial intelligence, biotech, and health technology. Through this program, CityU allocated a total investment opportunity of HK$600 million. To date, HK Tech 300 has nurtured over 790 startups and teams, including more than 130 startups awarded up to HK$1 million each in Angel Investment.
University Dinner on Round Table Talk is one of program of Bukit Vista to strengthen the university partner’s relationship. It was a night that not only marked the inauguration of Bukit Vista’s Round Table Talk at our Yogyakarta Base but also celebrated the essence of partnership and intellectual exchange. Our efforts to foster enduring relationships with our university partners were encapsulated in a dinner event that brought together the Innovative Academy and the Mathematics Department of the Faculty of Science and Mathematics at UGM. The atmosphere was charged with potential, as ideas and laughter flowed as freely as the exquisite Indonesian cuisine laid out before us. In this article, we’ve explored the importance of events like our University Dinner in creating a space for knowledge exchange and the fusion of diverse perspectives. We’ve delved into the specifics of our discussions with the Innovative Academy and Math Department at UGM, showcasing how these interactions are pivotal in driving innovation and collaboration within the tech and hospitality industry. Through this narrative, we’ve highlighted Bukit Vista’s commitment to connecting people and facilitating meaningful conversations that spark collective growth and opportunities.
Indonesia, a large country with immense digital potential, places young digital talents as the main pillar in the development of a knowledge-based economy. In efforts to build a superior economy, the government encourages society to compete in the era of the industrial revolution through the declaration of four digital industry visions by the Ministry of Communication and Information Technology of the Republic of Indonesia. To realize this mission, together with the Innovative Academy under the Directorate of Business Development of Gadjah Mada University, the Ministry of Communication and Information Technology organized the Kickoff of the 1000 Startup Movement (24/2) via Zoom, opened by Dr. Ir. Bonifasius Wahyu Pudjianto, M.Eng, Director of Digital Economy, Ministry of Communication and Information Technology, and also featuring various experienced mentors in their fields.
Innovative Academy Universitas Gadjah Mada participated in the MSIB Batch 6 Program in collaboration with the National Movement of 1000 Digital Startups of the Ministry of Communication and Informatics of the Republic of Indonesia (Kominfo RI). The MSIB kickoff was conducted by the Ministry of Education, Culture, Research, and Technology via Zoom on February 16. The activities continued with the signing of the MoU (February 20), held at the Auditorium of the Ministry of Education, Culture, Research, and Technology in Jakarta, inviting all industrial partners, ministries, and universities. IA UGM, together with Kominfo, attended the event. Dr. Wachyu Hari Haji, Head of the MSIB Batch 6 Program, expressed his highest gratitude and appreciation to the MSIB Program Partners, all Universities for their support in the success of the MSIB Program. “MSIB is one of the superior programs of MBKM, which emerged due to the lack of knowledge of skills and work attitudes after students enter the business world. MSIB is not only beneficial for students, but companies can also utilize this program as a talent search program, and Universities can obtain new knowledge about what is needed in the job market and continue to update their teaching curriculum to be more relevant to those needs,” said Wahyu. Wahyu continued, “To date, there are more than 900 partners involved in this MSIB Batch 6, accommodating more than 128 thousand students from various universities in Indonesia. Today, we conducted a cooperation agreement to strengthen collaboration with universities and industrial partners, and we will also listen to good stories from previous batch alumni.” Prof. Ir. Nizam, M.Sc., DIC, Ph.D., IPU, ASEAN.Eng. as the Acting Director General of Higher Education, Research, and Technology, emphasized that this activity is one of the answers to the problem where there are many university graduates who are not ready for work. “Therefore, let us together prepare earnestly the best talents from our students who can be honed for the future for the progress of both universities and industries. We will create excellent, intelligent, and quality resources,” concluded Nizam. As a further series, Ignition was conducted, which is the Kick Off for Certified Independent Study of the National Movement of 1000 Digital Startups (February 24), a collaboration between Kominfo and IA UGM with the theme: The Role of Young Innovators in Achieving Indonesia Digital 2045 via Zoom.
Description
Startup Incubation is an program of Innovative Academy to encourage participants to develop ideas and validate business concepts sourced from social issues or industries, thus providing potential solutions that can address customer problems, have sustainable business value, and deliver significant social impact. In this class, participants will receive materials and guidance on how to generate validated ideas for implementation. The idea validation process will be a valuable experience for participants as they embark on building a startup or business. Participants will also gain knowledge and skills on how to create marketable products and businesses from validated ideas. This process is crucial to ensure that the identified problems and solutions align with market demands or customer preferences.
General Information
The Startup Grant is a funding program by the Directorate of Business Development and Incubation in collaboration with the Asian Development Bank (ADB) aimed at promoting downstream development on campuses. Through the PRIME STeP program, the Directorate of Business Development and Incubation, through the Innovative Academy, will provide support not only through mentorship, co-working space, worldwide networking, but also funding for multiple years and access to UGM resources (laboratories, research, business units, etc.).
Collaborating with The University of Texas at Austin and the YLabs Institute, Gadjah Mada University through the Innovative Academy took a role in the entrepreneurship development program titled “ATX+Indonesia Training Program For Entrepreneurs” on January 17th. The event took place for three days, from January 16 to 18, 2024, and was attended by Gary Anderson, the Program Manager of the Global Innovation Lab at the University of Texas at Austin. The purpose of this training is to provide inclusive opportunities for students and the community to pursue innovation-based businesses.
