Heaptalk, Jakarta — Sinar Mas Land’s venture corporate, Living Lab Ventures (LLV), has launched LLV Launchpad, a program to support global startups expanding their presence in Indonesia.
Situated in BSD City, Tangerang, LLV Launchpad serves as an international incubation center that provides direct access to the Indonesian market for foreign startups. This center also intends to foster a vibrant, collaborative environment for success.
This center to generate multiple resources and provide supports to fuel startup growth. The firm also will involve the guided startups for pilot projects in BSD City, yet LLV refused to reveal further project details.
“Our township has been enjoying fruitful works from startups under LLV. Most of these startups are locals, but today we are excited to welcome startups from around the globe to expand their market to our digital ecosystem in the archipelago,” Chief Transformation Officer of Sinar Mas Land, Mulyawan Gani, said.
The LLV Launchpad program provides several key features, such as:
- Direct Exposure to the Indonesian market grants startups unparalleled access to the archipelago’s vibrant market, enabling them to gather real-time feedback, achieve product-market fit, and iterate quickly to meet the demands of local consumers.
- Funding and Investment opportunities enable startups to gain capital support and strategic guidance to boost their business performance.
- Leverage their networks in Sinar Mas Land Ecosystem, tapping into a vast network of resources and existing in-house apps for integrated development and unlocking new avenues for innovation.
- The International Incubation Center fosters a collaborative environment that promotes a dynamic community of international startups and industry experts, providing a vibrant co-working space for startups to affiliate with each other.
“At LLV, we believe in the transformative power of startups to drive innovation. The international market expansion could be unnerving for startup founders. With LLV Launchpad, we aspire to empower global startups with direct market access, localized experts, resources, and connections to thrive in today’s competitive landscape,” Partner of Living Lab Ventures, Bayu Seto, conveyed.
Based in Indonesia, Living Lab Ventures invests in global-minded entrepreneurs building exceptionally high-impact companies by leveraging expertise, support service, and ecosystem. Since its launch in 2022, Sinar Mas Land’s LLV has injected fresh funds into 27 Southeast Asian startups. The portfolios cover Traveloka, Sirclo, Waste4Change, DANA, GoWork, Social Bread, and Imajin.
