Indonesia targets Rp1 trillion for startups through Garuda Spark
Jakarta, Oct. 13 -- Indonesia aims to raise funding for startups under its Garuda Spark Innovation Hub program to Rp1 trillion this year, building on about Rp400 billion already secured, an official said Tuesday.
"We hope to secure Rp1 trillion in funding this year," Director General of Digital Ecosystem at the Ministry of Communication and Digital Affairs Edwin Hidayat Abdullah told reporters at the ministry's office in Jakarta.
Edwin said the ministry was partnering with city governments and other local partners to develop the hubs without necessarily building new facilities.
"We do not have to build everything from scratch. Some of the hubs are developed through partnerships with city governments," he said.
In Yogyakarta, the hub i...
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