Mandiri Capital launches summit to ramp up fintech innovation in Indonesia
FINSPIRE: Summit 2016 will feature a fintech startup pitching competition presided over by leading fintech mentors
Indonesian state-owned Bank Mandiri has grand aims to build the country into a regional hub for fintech innovation.
Last year, it launched the US$37 million VC fund Mandiri Capital Indonesia (MCI) to invest in startups, with a particular focus on payment, lending, and SME solutions. And in June this year, it launched an incubator to nurture fintech companies.
The six-month programme brought in 44 non-digital and 14 digital startups, some of which were finalists of several Indonesia-based business competitions such as the digital category of Bank Mandiri’s own Wirausahawan Muda Mandiri (WMM), the Mandiri Hackathon, as well as student members of the Young Indonesian Entrepreneur Association (HIPMI). Incubatees will receive not only funding support, but also access to the Mandiri Group Network and Mandiri Group’s large database of customers.
Come November this year, MCI is launching FINSPIRE: Summit 2016, aimed at bringing toegher the region’s fintech community.The summit will also feature FINSPIRE:Frontrunners, a pitching programme that will see Indonesia hottest and newest fintech startups pitch in front of investors and mentors.
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Ten shortlisted startups will undergo coaching in workshops. They will come under the tutelage of Dinie Yulia Manahera, Head of Investment, MCI; Eddi Danusaputro, CEO of MCI; Sam Hall, Program Director, Startupbootcamp and many more mentors who are still to be announced.
Selected startups will then be able to pitch at the summit’s semi-finals and finals.
The top startup can win IDR 125 million (US$9,500) prize money, enter MCI’s incubation programme, and exhibit at Echelon Asia Summit 2017 for free.
Beyond that, FINSPIRE: Summit 2016 attendees will have the opportunity to interact and network with industry players in the regional fintech space.
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The workshop will be held on November 7th at the Mandiri Inkubator Bisnis, while the summit will be on November 9th at the Soehanna Hall.
Interested parties can register here. Registrations close on November 6th.
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Disclosure: This article was produced by the e27 content marketing team, sponsored by MCI. e27 is also the organiser of FINSPIRE: Summit 2016.
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