Indonesia Targets Rp1 Trillion Startup Funding via Garuda Spark Innovation Hub

Indonesia aims to secure Rp1 trillion in startup funding through its Garuda Spark Innovation Hub program this year, following approximately Rp400 billion in prior commitments, according to a ministry official.

Director General of Digital Ecosystem Edwin Hidayat Abdullah stated the target at the Ministry of Communication and Digital Affairs in Jakarta, emphasizing the program's expansion to 10 cities across Indonesia.

The Garuda Spark Innovation Hub program collaborates with city governments to establish hubs, with the ministry providing startup development services while local partners supply facilities and additional support.

Additionally, the ministry operates Hub.ID, a program that links startups with investors and fosters business partnerships.