H-Cube, a new coworking space in Indonesia was launched on Monday with a focus for healthcare, lifestyle, and life science startups.
Located in Menteng, Central Jakarta, the coworking space is owned by local hospital and healthcare chain Bunda Medik Healthcare System (BMHS).
Apart from offering the usual office amenities such as meeting rooms, speedy internet, and startup-related events, H-Cube members will also have access to BMHS’ network of healthcare facilities (from laboratories to pharmacies) and industry experts.
There are 50-60 seats available for 20-30 startups, and the coworking space caters for both B2B and B2C-leaning services. Though the coworking space does not provide funding to startups at the moment, it is planning to host monthly meet-up with venture capital firms and demo day events.
The coworking space also opens itself to startups in other field from healthcare, lifestyle, and life science, in order to maximise diversity in its community.
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Indonesia has been seeing several healthcare-related startups appearing in 2016, with HaloDoc raising one of the biggest funding round of the year with a US$13 million Series A. Even ride-hailing giant Go-Jek starting to branch out to the field with an investment in HaloDoc, launching medicine delivery service Go-Med, and acquiring Indian home healthcare marketplace Pianta.
BMHS Commissionaire Dr. Ivan Sini revealed the existing opportunity in the Indonesian healthcare sector. Since its launch in 2014, Indonesia’s universal healthcare system (BPJS Kesehatan) had acquired up to 170 million users, increasing Indonesians’ spending ability in the sector and eventually its accessibility.
“Innovation in healthcare enables us to reach a market that is supported by the increased accessibility towards healthcare … The healthcare sector is also closely related to lifestyle. When it comes to lifestyle, there is a tendency for us to spend more,” he explained.
One of the challenges faced by healthcare startups is how to keep in line with regulation, as healthcare is directly affecting consumers’ safety and well-being. H-Cube aims to facilitate healthcare startups in deepening their knowledge about the issue.
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“The legality matter is something that needs to be covered early on. We are fortunate to have connections with several legal firms who are experienced in risk prevention … and two of the directors in BMHS are experts in health law, and they can [come here to speak on] the legal aspects of building a startup in the healthcare field,” Dr. Sini said.