JAKARTA, Indonesia, June 29, 2018 /PRNewswire/ -- CEO SUITE, a leading one-stop serviced office and co-working space based in Jakarta, Indonesia, today announced its first-ever global accelerator partnership, started with South Korea's startup accelerator with the longest history, Krypton. Through this collaboration, three South Korea's tech-based startups enter into CEO SUITE's community in Indonesia, including a high-tech agriculture corporation, Rokya; an online travel service based on artificial intelligence, Tripbtoz; and a smart door lock technology company, Amadas.
The partnership creates a new and first-ever accelerator program directed by CEO SUITE, which includes new technology and knowledge-sharing by the South Korea's tech companies. Through the sharing program, all CEO SUITE's members will be able to participate regular networking sessions in CEO SUITE.
"South Koreans are proven as early adopters of new technologies. Thus, the collaboration will open new opportunities for all members of CEO SUITE, to exchange skills and knowledge. By adopting the advanced skills, high technologies, or many others that are well-developed in South Korea, local startups and companies in Indonesia will have a chance to be globally competitive," said Mee Kim, President Director of CEO SUITE.
As the fourth most populous country in the world and a median age of millennials, Indonesia has a tremendous opportunity for the startup business. Even more, in 2017, Indonesia ranked as the third country with the highest number of startups, reaching 1,550. In 2017, investment growing to Indonesia's startup market hit US$3 billion. The number has more than doubled compared to just US$1.4 billion in 2016, according to A.T. Kearney.
"Investing in startups offers such a huge potential to Indonesia's digital economic growth, thus we developed the pilot program in Indonesia as our showcase. By having 20 branches in 9 cities spread over Indonesia, China, Malaysia, Singapore, Philippines, Thailand, and Vietnam, we are committed to extend the global presence of the co-working community," Mee Kim adds. CEO SUITE has just opened its new branch in Hanoi and Ho Chi Minh, Vietnam on February 2018. In the near future, CEO SUITE plan to inaugurate the next center in Shanghai, targeting to open by July 2018.
Rapid Growth of Indonesia's Startups to Global Expansion
According to Indonesia Venture Capital Outlook 2017 by Google and A.T. Kearney Study, Indonesia is the second largest hub for startups in Southeast Asia following Singapore. Thus, in 2017, the Indonesian government has nearly doubled spending on tech startup incubation, reaching to US$27.6 million.
"The supports coming from all institutions and governments are tremendous and local startups need more supports beyond funding. Through the accelerator program, we also allow members to regularly join international skill training, one of which is held by British Chamber of Professional Woman Association, as well as advances business presentation skill with German-Indonesia Chamber of Industry and Commerce," said Mee Kim.
Founded at Jakarta in 1997, CEO SUITE has given more than 10,000 global and multinational companies unprecedented access to expand the business in all over Asia. "To create the best impression of global and multinational companies, we offer high level of services and high-end furnishing in prestigious skyscrapers buildings of CBD areas. We have wide networks and a strong portfolio of international companies, including Uber, Exxon Mobil, ANZ, Prada, Rolls Royce, Huawei, and Samsung. We commit to help local startups to expand globally by finding them the right global mentors and connections, as they can interact with all our members across Asia Pacific," Mee Kim adds.
Apart of accelerator collaboration, CEO SUITE has previously collaborated with Angel Investment Network Indonesia (ANGIN), the first and largest network of angel investors in Indonesia. Alongside Indonesian businesswomen, Mee Kim acts as primary investors of the angel investors, focusing to mentoring and help investment to startups, such as Krakakoa, KitaBisa, and Qontak.
About CEO SUITE:
CEO SUITE is a one-stop workplace solutions provider for clients who need serviced offices, instant offices, virtual offices, co-working space, or professional services for their businesses. With offices in Jakarta, Manila, Seoul, Shanghai, Beijing, Singapore, Kuala Lumpur, Bangkok Hanoi, and Ho Chi Minh, CEO SUITE will help position your business presence in Asia's most prestigious Grade A buildings in the cities' central business district with wide local networks. We offer professional offices and business support services for all sizes of businesses: from start-ups to small and medium enterprises and multinational companies for short or long-term lease.
To know more, please visit: www.ceosuite.com.
Media Contact:
Nuke Permatasari
Country Director
Phone: +62-21-2550-2550
E-mail: nuke@ceosuite.com
