Jakarta, Oct. 28 -- Director General of Research and Development at the Higher Education, Science, and Technology Ministry Mohammad Fauzan Adziman said research-based technology development could open opportunities for unicorn startups to emerge in Indonesia.

He made the remarks at a panel discussion during the Danantara Technology Innovation Investment Forum (DTIIF) 2026 here on Wednesday, citing the development of deep technology startups in Europe.

"In Europe, deep technology companies reach a valuation of more than US$1 billion (unicorn) in five years and seven months, or two years and four months faster," Adziman said.

Based on PitchBook data referenced by McKinsey and shown in his presentation, deep technology startups in Europe ...