A group of business tycoons in Southeast Asia, including Tony Fernandes, CEO of Air Asia; Shinta Dhanuwardoyo, CEO and Founder of Bubu.com; and Sandiaga Uno, Co-Founder of Saratoga Capital, have come together to launch a networking platform for angel investors in Indonesia.
Dubbed Angel-eQ Network, it aims to boost entrepreneurial ecosystem by providing funding, education, active engagement, and resources to early-stage startups in the country.
Other co-founders of the network include Erick Thohir, President Director of television network operator Intermedia Capital; Emil Abeng, President Director of diversified investment firm Tason Putra Mandiri; Michael Steven, President Director of investment firm Kresna Graha Investama; and Adi Sariaatmadja, CEO of Kreatif Media Karya (Emtek Group’s digital business unit).
“Angel-eQ Network encourages direct investment in early-stage companies that have not yet received funding from institutional investors (such as venture capital and private equity firms), while at the same time supporting participation and investment in local incubators, accelerators and investment funds,” said Dhanuwardoyo, as quoted by Jakarta Globe.
She further explained that the platform aims to spur excitement for tech startups among business leaders in the group, and then match them with companies as angel investors.
“We will not just pick any startup, but we will curate and sift through the pool,” said Dhanuwardoyo.
The network will start meeting startups before the end of this year, she added.
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