Living Lab Ventures Launches New Launchpad to Facilitate Global Startups’ Entry into Indonesia

Living Lab Ventures (LLV), the corporate venture arm of prominent property developer Sinar Mas Land, has unveiled the LLV Launchpad program, designed to provide comprehensive support for international startups seeking to enter the Indonesian market. This initiative represents a strategic effort to foster innovation and entrepreneurship within Indonesia's rapidly evolving business landscape.

Through the LLV Launchpad, startups from around the world will gain access to a range of resources and opportunities tailored to facilitate their entry and growth in Indonesia. LLV offers strategic guidance, mentorship, networking opportunities, market insights, and operational support to help startups navigate the complexities of the Indonesian market and maximize their growth potential.As Indonesia emerges as a key destination for global investment and expansion, the LLV Launchpad initiative aims to accelerate the success of innovative startups by providing them with the necessary tools, connections, and expertise to thrive in this dynamic ecosystem. By leveraging Sinar Mas Land's extensive network, industry expertise, and market knowledge, LLV seeks to create a supportive environment where startups can flourish and contribute to Indonesia's economic growth and development.

The LLV Launchpad program reflects LLV's commitment to driving innovation and fostering collaboration between startups and established industry players. Through strategic partnerships and initiatives like the LLV Launchpad, LLV aims to play a pivotal role in shaping Indonesia's innovation ecosystem and positioning the country as a hub for entrepreneurship and technological advancement on the global stage.

Living Lab Ventures (LLV), the corporate venture arm of property developer Sinar Mas Land, has introduced the LLV Launchpad, a new initiative aimed at assisting global startups in expanding their presence to Indonesia.Situated in BSD City, the smart megacity project developed by Sinar Mas Land, the launchpad is specifically crafted to facilitate the integration of foreign startups into the Indonesian digital economy.

Sinar Mas Land has expressed the possibility of collaborating with startups from the launchpad for potential "pilot projects" within BSD City. However, specific details regarding these projects have not been disclosed by the company.Since its inception in 2022, LLV has made investments in 27 technology startups across Southeast Asia, including notable Indonesian companies such as Social Bread, Paper.id, and Traveloka.Mulyawan Gani, Chief Transformation Officer at Sinar Mas Land, remarked, "While most of these startups are local, we are thrilled to now welcome startups from around the world to expand their presence within our digital ecosystem in Indonesia.

"Furthermore, in January 2024, LLV introduced a biomedical fund in Indonesia to provide support to organizations operating within the biomedical sector, encompassing healthtech startups, research centers, and biobanks.LLV Launchpad will serve as a gateway for startups, offering valuable insights into the local market landscape, enabling them to gain a deeper understanding of consumer behaviors and tailor their products or services accordingly. Additionally, the initiative will provide startups with access to investment opportunities, fostering their growth and success in the Indonesian market.