#Asia In Indonesia, 12 VC firms join forces to set up investor association

//

Called Amvesindo, the association aims to help government in setting up regulation and programme

mountain

Twelve venture capital (VC) firms operating in Indonesia today announced the formation of Indonesian Venture Capital and Startup Association (Amvesindo) in Jakarta.

The 12 VC firms involved are Alpha JWC Ventures, Convergence Ventures, CyberAgent Ventures, East Ventures, Fenox Venture Capital, Ideosource, Kejora Ventures, MDI Ventures, Skystar Capital, SMDV, Sovereign’s Capital, and Venturra Capital.

Apart from becoming a forum for VC firms to gather, the association also aims to help the government and the Financial Service Authority (OJK) in setting up regulations and programmes.

Convergence Ventures’ Donald Wihardja, who will be serving as Deputy Chairman of Amvesindo, said in an official statement that the association is currently working on a new scheme with OJK that will help local and international VC firms channel funds to Indonesian startups.

“It is expected that 20 per cent of IDR1-2 trillion (US$74-148 million) of fund from the amnesty programme can be channeled to tech startups through the PMV Tech Startup scheme,” he said.

Also Read: Indonesia launches association for fintech service

The following is the association’s organisational structure:

Board of Executives

Chairman: Jefri R Sirait
Deputy Chairman I: Punjul Prabowo
Deputy Chairman II: Donald Wihardja
Deputy Chairman III: Teguh Basuki Ari Wibowo
Secretary General: Sebastian Togelang
Under Secretary General : Ir. Rimawan Yasin MM
Treasurer: Edward Ismawan Chamdani

Board of Trustees

Chairman: Iwan Ridwan
Member: Willson Cuaca
Member: Ibnu Hajar Ulinnuha

Image Credit: Nicholas Swanson on Unsplash

The post In Indonesia, 12 VC firms join forces to set up investor association appeared first on e27.

from e27 http://ift.tt/1shseID

Ce contenu a été publié dans #Asia par Startup365. Mettez-le en favori avec son permalien.

A propos Startup365

Chaque jour nous vous présenterons une nouvelle Startup française ! Notre pays regorge de talents et d'entrepreneurs brillants ! Alors partons à la découverte des meilleures startup françaises ! Certaines d'entre elles sont dans une étape essentielle dans la vie d'une startup : la recherche de financement, notamment par le financement participatif (ou crowdfunding en anglais). Alors participez à cette grande aventure en leur faisant une petite donation ! Les startups françaises ont besoin de vous !