From June 5th to 9th, 2023, Gadjah Mada University (UGM), through its Directorate of Business Development (DITPU), actively participated in InnovFest X Elevating Founders 2023 (InnovFest), held at the Singapore Expo by the National University of Singapore in collaboration with Informa Tech Founders 2023.InnovFest is an annual event that fosters collaboration within the innovation ecosystem and companies across Asia. This includes startups, venture capitalists, corporations, higher education institutions, government agencies, and media, all aimed at generating ideas, innovation, and influence to push the boundaries in Asia. The InnovFest activities revolve around three central themes:
The topic of Branding and Positioning was presented by Rakhmat Ganda Wirawan, Senior Brand Marketing Manager & Global Project ENESIS GROUP, on Saturday (9/9) at Artotel, Yogyakarta. ENESIS GROUP is a company that oversees products such as Soffell, Adem Sari, Antis Antiseptik, Vegeta, Kispray, Force Magic, Plossa, and Amunizer.
Product Market Fit was presented on Saturday (9/9) by Alwy Herfian S, the Co-founder of Widya Indonesia Group. The presentation commenced with the sharing of experiences related to the development of the Widya Indonesia Group startup. The Widya Indonesia Group startup encompasses various fields, including IoT, Robotics, AI, and others, with 75% of its focus directed towards the construction sector, which has seen significant implementation within the IKN. The mentor explained that there are several interrelated phases involved in achieving product market fit and problem solution fit, which serve to rectify shortcomings from previous stages.
The subject of Product Market Fit was expounded upon by Mr. Alwy Herfian S, the Co-founder of Widya Indonesia Group. His presentation commenced with a sharing of insights and experiences related to the development of startup ventures within the Widya Indonesia Group. The group’s startup portfolio spans diverse fields, including IoT, Robotics, AI, and others, with a notable 75% involvement in the construction sector, where numerous implementations have been realized within the context of IKN (presumably an organization or institution). The mentor elaborated on the interconnected phases of achieving Product Market Fit and Problem Solution Fit, each phase serving to address and rectify shortcomings from previous stages.
The mentoring activity for the Innovative Academy Incubation Program was conducted on the 14th of September 2023, at the EDS Building, Universitas Gadjah Mada. The esteemed mentor for this session was Mr. Fadli Wilihandarwo, the Founder of SchoolStartup, and the chosen theme of the day was “Product Development.”
In collaboration with #Hack4ID, the Incubation Program at Gadjah Mada University once again took place in Yogyakarta. This initiative was organized with the objective of aiding industry stakeholders in addressing regional and industrial challenges through the innovative potential of aspiring startup founders.
HackSprint is an approach that fosters the swift and efficient development of products or projects. It combines the term “hack,” which refers to creative and solution-oriented methods, with “sprint,” signifying a focused effort to achieve goals within a limited timeframe. In a HackSprint, teams or individuals are presented with specific challenges to solve in a short span, typically spanning from a few days to a few weeks.
The Innovative Academy, in collaboration with #Hack4ID, hosted a kick-off event during the first meeting of the startup incubation series. This online event saw the participation of 78 startup participants and talents, all geared up to transform their brilliant ideas into actual startups.
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.).
Startups represent spaces of innovation and creativity that inspire change across various sectors. In their evolution, startups embark on a journey with conviction and enthusiasm to materialize brilliant ideas into reality.