Name : Achmad Nofandi

Class/No : 16 MIPA 5
Number : 01
Theme : Technology

The Rise of Indonesia’s Tech Startup Scene

By Eijas Ariffin

Assalamu'alaikum, Wr. Wb.

With all due the respect to the honorable Mr. and Mrs. Teachers of SMAN 1 Malang.
First of all let us praise and thank the presence of Allah Almighty, for the abundance of
grace. Not forgetting the sholawat and greetings we pour out to the Prophet Muhammad who
has brought us out of the dark ages to the era of bright light today.

On this occasion, allow me standing here to deliver my speech entitled “The Rise of
Indonesia’s Tech Startup Scene”

Indonesia’s strong economic growth in recent years has led to a flourishing digital
economy. Over the past decade, Indonesia’s economy has been steadily growing at an annual
growth rate of at least five percent and is forecasted to become the fourth largest economy
in the world by 2050 if this trend continues. This is evidenced by the growing middle class
in Indonesia. The growing middle class in Indonesia is young and in touch with the latest
trends and technologies. A study from Hootsuite shows that Indonesia has 88 million people
online with 79 million of them active social media users. In a report by McKinsey &
Company titled “Unlocking Indonesia’s digital opportunity”, it was revealed that if
Indonesia fully embraces digitalization.

While growing at a healthy rate, Indonesia’s digital economy hasn’t reached its full
potential as yet. Many have compared indonesia’s condition to that of Singapore. Some
might say that Singapore – which has been dubbed the region’s Silicon Valley – currently
has the best startup environment in the region, however Indonesia has all the excitement.

One of Indonesia’s finest examples of a successful tech startup is obviously Go-Jek.

Tokopedia is another one of Indonesia’s early tech startup scene success stories.
Aside from these established startups, the startup scene in Indonesia is thriving and dynamic.

In 2017, investment in Indonesian tech startups reached US$3 billion, double that in
2016. Despite all the promise of its tech startup scene, Indonesia is relatively slower
compared to Singapore in providing the necessary support for its tech startups to grow.
Jakarta needs to look to Singapore if it wants to harness the potential the country has.

Therefore The Indonesian government needs to be aware that better policies can
inject new life into the country’s tech startup scene and raise it to even greater heights. With
the proper planning, funding and nurturing in place, who knows how many potential startups
there are out there just waiting to be discovered?

That’s all my speech today, I hope it can be useful for all of us. Thank you for your
attention.

Wassalamu'alaikum, Wr. Wb..