Jakarta (Indonesia): Indonesia has been one of the most attractive country for startup companies in recent years. Many investors from all over the world are also focusing on Indonesian market. NTT Communications -Japan's largest telecom firm- held “Startup Challenge 2018” event for supporting Asian startup ecosystem with an opportunity for funding and accessing to investors network and quality of technological infrastructure.
This year’s NTT Communications Startup Challenge takes place in 3 countries; Indonesia as the opening country, followed by Malaysia and Vietnam. There were approximately 500 more startup companies applying for this time event compared to last year. Startup companies, from various categories such as IoT, FinTech, E-commerce, etc, applied, and only 10 companies were nominated for final pitch session.
In this session, each startup company made presentation, described unique and innovative ideas and showed off strengths of their business. The judging criteria of this competition include variety of aspects such as “Idea”, “Challenge and Solution”, “Strategy and Team”, etc. Question & Answer sessions were having exciting discussions between presenters and judges.
As a result of final deliberations, first prize award included the right of collaboration with NTT Communications, Free use of ICT infrastructure went to the company that provides services for connecting farmers with investors.
Startup ecosystem in Asia is attracting huge interest and through help of Japanese company, future leading companies in this region can achieve brighter future.