ADVERTISEMENT

'Adopt a unicorn': Indonesia eyes plan to help startups expand across South-East Asia


Rudiantara encourages other ministers in South-East Asia to adopt existing unicorns and have a presence in each other's countries. — Reuters

Rudiantara encourages other ministers in South-East Asia to adopt existing unicorns and have a presence in each other's countries. — Reuters

Indonesia wants South-East Asian nations to cooperate in helping startups in the region worth at least US$1bil (RM4bil) expand outside their home countries, the communication minister said.

The effort aims to keep foreign startups from dominating a market of 640 million people by assisting the region's estimated seven to 10 unicorns, or companies that have attained a valuation of US$1bil (RM4bil) without tapping the stock markets.

Technology , startups

   

ADVERTISEMENT