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The peak event of the Plug and Play Indonesia accelerator programme is a demo day which is set to be held in August 2017

Plug and Play Indonesia and the chosen 10 startups. Image Credit: DailySocial

Plug and Play Indonesia (PNP Indonesia), a Silicon Valley-based startup accelerator, announced the 11 startups selected to participate in the first batch of its accelerator programme. The startups are entitled to facilities provided by PNP Indonesia and US$50,000 early stage funding.

Prior to the announcement, the 11 startups had to go through a grueling selection process for two months. In total, more than 400 startups had applied to the Plug and Play Indonesia programme from Greater Jakarta Area, Bandung, Jogjakarta, Bali, Singapore, Hong Kong, India, Brazil, and Germany. The number was broken down to 50 startups joining the pitching process in March.

During the pitch, the startups have to explain their team profile, business model tractions, and financial plan. After passing through the stage, they would be allowed to pitch in front of PNP Indonesia, PNP Asia Pacific, PNP Silicon Valley, and representatives of PNP Indonesia partner companies.

After being selected, all the startups receive the opportunity to collaborate with corporations and to get an early stage funding of US$50,000. Apart from that, they will also get a one-on-one mentorship programme by 60 mentors from all fields for three months. They will also work at Rework Kuningan during the duration of the programme.

“The startups were not chosen based on how long they have operated. What matters most is the traction they have created despite having been around for only a few months. We can also see from the experience of the team itself. It is our job to help them grow,” said PNP Indonesia Accelerator Director Nayoko Wicaksono on Monday.

Also Read: Watch the 7 graduates from the first VIISA accelerator batch pitch in Vietnam

The following are those 11 startups:

1. Dana Didik: A crowdfunding platform for student financing that connects under-privileged students to potential donors, with investment rate that starts at IDR50,000 (US$3.7). The platform implements production sharing system with zero per cent interest rate.

2. KYCK: Singapore-based startup which helps financial service providers handle know-your-customer (KYC) process.

3. Otospector: A platform that offers second-hand cars inspection service. The company provides experienced technicians who gives neutral and objective report via email.

4. Bustiket: Online booking platform for bu tickets, currrently available as an Android app. They are also working with 70 inter-city bus operator in Java.

5. Karta: A “revolutionary” two-wheeled vehicles ad provider, which allows vehicle-owners to make money according to their mileage.

6. SayurBox: An e-commerce platform to buy vegetables directly from the producers. Founded in July 2016, the startup partners with 22 individual farmers and farmer groups in West Java.

Also Read: South Korean accelerator SparkLabs to launch in China, aims to help local startups expand globally

7. Brankas: A financial management platform with the features to send and receive payments, track budget, and manage bank accounts through mobile phone.

8. Astronaut: A Singapore-based startup which facilitates job interviews through video-selfie.

9. Bandboo: A fintech startup in the insurance sector from SIngapore. The service enables users to enjoy insurance protection without having to go to insurance companies.

10. Wonderlabs: Jobs portal for outsourced designers and engineers. The startup was founded in 2015 in Jogjakarta.

11. Toucan:  Virtual e-wallet platform integrated with various financial services as a solution for unbankable community.

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The article Plug and Play Indonesia Umumkan 11 Startup Ikuti Program Akselerator Batch Pertama  was written by Marsya Nabila and was first published on DailySocial. English translation and editing by e27.

The post Plug and Play Indonesia announces 11 startups in the first batch of its accelerator programme appeared first on e27.

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