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Start-up employees work in the Innovation Room, an incubator space for start-ups provided by the Manpower Ministry in Jakarta, in this file photo.- JP
JAKARTA (The Jakarta Post/ANN): Indonesian start-ups are looking forward to more funding and clearer paths to profitability in 2021 as the technology industry blooms amid the Covid-19 pandemic, with optimism in the sector fuelled by ample dry powder.
The Venture Capital and Startup Indonesia Association (Amvesindo) stated that the country could see more funding in 2021 despite a slowdown in the second half of 2020 due to the coronavirus outbreak.
“Even during a pandemic, venture capitalists [VCs] always anticipate a good deal, ” Amvesindo chairman Jefri Sirait told The Jakarta Post on Dec 21. ....

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