Meet the most exciting startups at the Indonesia-Korea Tech-Startup Demo Day | Digital Asia
Digital Asia News Update
On Thursday, the South Korean Ministry of Startup and SMEs, together with South Korean Ministry of Sports, Culture and Tourism of South Korea, and Indonesian Creative Economy Agency (BEKRAF) hosted the inaugural Indonesia-Korea Tech-Startup Demo Day in South Jakarta.
Organised by Small Medium Business Cooperation (SBC) in partnership with Korea International Trade Association (KITA), Korea Creative Content Agency (KOCCA), and Angel Investor Network Indonesia (ANGIN), the event was participated by a total of 25 startups from both countries.
The startups took part in a pitching session to introduce their products and services to potential investors.
Tech News observed the B2B segment as one of the leading themes among participating startups.
A number of participating South Korean startups produces industrial-grade machinery and equipment such as Zeus Tech (producers of precision motors) and Diamond Tools Solutions (manufacturers of safe-cutting diamond tool), or enabler for fintech services such as Payperse (a big data platform for mobile payment services).
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From Indonesia, there was also online platforms such as Manpro, which provides a project management platform for construction projects. A participant of the Plug and Play Indonesia accelerator programme, Manpro’s client list includes BEKRAF itself and leading state-owned bank BTN.
Healthtech is also a popular sector among the startups, with startups such as Indonesia-based Vaxcorp, an end-to-end healthcare management platform which allows patients to book appointment at healthcare facilities, while also enabling healthcare providers to manage their operations.
There was also Medi-Whale, a startup that builds artificial intelligence solution to detect eye and cardiovascular diseases by simply looking into the conditions of the eyes. Its platform Dr. Noon is claimed to have 80 per cent accuracy and can help patients save healthcare costs in the long run.
Inspired by founder Taegeun Kevin Choi’s personal experience of late glaucoma diagnosis, the startup is currently preparing pilot projects with three hospitals in South Korea.
Tech News also noted some exciting startups working in the media, content, and entertainment sectors.
There was Xrisp, which introduces its original character Nori the Rollercoaster Boy in a TV series. In addition to producing its own series, Xrisp also develops digital theme park for children in South Korea, and is set to launch one in Germany in November.
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“Our goal is to be like Disneyland … and Disney is popular because of Disneyland,” said Kate Koshi of Xrisp.
From Indonesia, there was Svara, which aims to bring the radio industry back from death by building an app that combines music, radio, broadcast, podcast, and social media in one place.
The startup partners with more than 700 local radio stations with around 80,000 users, and a total revenue of US$200,000.
It has also won awards such as the second winner of the Swiss Innovation Challenge Asia 2017, top 100 startup at the Startup Istanbul Challenge 2017, winner of the 2017 National Research Grant on Blockchain in Music from Indonesia’s ministry of research and technology, and winner of ITB Research Grant 2018.
The Indonesia-Korea Tech-Startup Demo Day was part of the Global Mentoring Program by SBC, KITA, KOCCA, dan ANGIN, which aims to explore the potential and development of South Korean startups to enter the Indonesian market.
The week-long programme included mentoring sessions by venture capital firms; a visit to Go-Jek, Qraved, and accelerator offices; participation in Tech In Asia Jakarta 2018 conference, as well as business-matching and demo day.
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