Come 26th of May, iAxil and Battle Ventures will hold a talk on Business Opportunities and Market Access for Indonesia.
More on Indonesia:
The economy of Indonesia was severely affected by the Asian financial and economic crisis in 1997. It has recovered since 2004 and undergone another period of rapid economic growth, largely due to domestic consumption as the driver of economic growth. Indonesia’s main export markets are Japan, Singapore, the United States, and China. The major suppliers of imports to Indonesia are Singapore, China, and Japan, with Singapore leading at 25%.
Being a large nation, Indonesia, offers business opportunities of various kinds and sizes. Technology development activities are on an increase but with a huge and diverse market to address, a lot more is needed. As a society, Indonesians are entrepreneurial, in their own rights, and the landscape offers them a wide ranging business opportunities. Already there are start up activities in technology, however the industry is still at its infancy. In fact, as a country, Indonesia would need to close the gap between the haves and the have nots, so that, the country is stable. This would have to be accomplished through using technologies, and with prices and capabilities of technology based devices and systems coming down in price, the traditional means in fact cost more to operate. An understanding of the landscape and the adaption of applications are needed to be successful in addressing the market there. The talk will touch of the potentials, requirements, issues, and elements for venturing in Indonesia to be fruitful.
Why should you attend?
Mr. Andy Zain and Dr. Tan Chong Hee, veterans in the investment and technology developments in the industry, will address the opportunities and threats in the Indonesian Market, with special focus on:
1. Why is Indonesia a promising market?
2. Which sectors are hot and which ones are not?
3. How does a Singapore-based company like yours break through the cultural barriers and make full use of the Indonesia opportunity?
4. Technology developments and investment landscape in Indonesia
Doing business in Indonesia is very different from anywhere else in the world, and equally rewarding. The speakers will guide the entrepreneurs in understanding the dynamics of accessing the Indonesian market, forging partnerships, and navigating the government organizations, which are absolutely critical for your success in Indonesia.
Speakers
Mr. Andy Zain , Managing Partner, VentureX
Andy Zain is regarded as one of the mobile industry pioneers. Since 1999, he had involved in numerous ‘industry first’ initiatives, such as the first ringtone service, the first mobile portal, first mobile banking and m-commerce service in the region. Founder of Elasitas, a leading content aggregator in Indonesia and solution provider with deployments across telcos in Asia Pacific. Andy is currently the Managing Partner of VentureX, a private equity boutique focusing in telecommunication, media and technology sector in South East Asia and overseeing operation of several mobile services in Indonesia. Actively involved in the Indonesia Chambers of Commerce and Trade as Vice Chairman in Content & Application Committee (ICT), and a founding member of IMOCA (Indonesia Mobile and Online Content Association). Andy also runs the local chapter of MobileMonday in Indonesia, part of the global networking forum for mobile professionals
Dr. Tan Chong Hee, Advisor, Tallwood Venture Capital and GGV Capital
Dr. Tan is an advisor to both the US-based Tallwood Venture Capital and US-China focused Granite Global Ventures Capital in technology-related investments and strategic alliances. In addition, Dr. Tan also works with iAxil and advises its portfolio companies, as well as half a dozen technology companies. Prior to above, Dr. Tan was Director/Head of Investments and Strategic Relations at Chartered (now Global Foundries), where he established a portfolio of technology companies to facilitate Chartered’s foray into the next wave of semiconductor technologies and applications. The portfolio grew about 200% over a two year period, with an exit, the acquisition of Ciclon Devices by Texas Instruments. Preceding his stint in Chartered, Dr. Tan was Vice President of Pacific Venture Partners, where he headed the Singapore office and led some of the investments in both Greater China and Singapore; some of the successful exits included Spreadtrum (NASDAQ), CSMC (IPO, HKSE), and Virtual Silicon (acq. by Mosaid). Before joining Pacific, Dr. Tan was on the management team and headed the Business Development, IP and Quality Department of the Institute of Microelectronics (Singapore), where he played the lead role in collaborations between the national research laboratory and the industry in the aspect of R&D. Formerly, Dr. Tan was with VLSI and System Laboratory, University of New South Wales where he was responsible for the Australia-ASEAN Economic Program on Microelectronics, the Australasia Multi-Project Chip Program, and VLSI Design Platforms and the Symbolic VLSI Design Toolset. Dr. Tan received his B.E.(Electronics and Comms), M.Sc.(CompSc), and Ph.D. (CompEng), all from the University of New South Wales, Australia.
Event Details
When: Thursday 26th May 2011
Time: 1:30pm – 4pm, registration starts at 1:30pm, light refreshments and networking from 4pm
Where: No. 87 Science Park Drive, Science Hub, Singapore Science Park 1, Seminar Room: Buona Vista and Portsdown
Admission is free. Please sign up at events@iAxil.net.
Image Credit: Ahron de Leeuw
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