The Startup Ecosystem of Indonesia
Indonesia has 6 cities in the top 1000 and is one of South East Asia’s best countries for setting up a startup.
COUNTRY RANKING
Indonesia’s startup scene saw an increase in 2024 and jumped 5 spots from the previous year, outranking Bulgaria.
Population
Million
Regional Ranking
In South East Asia
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Indonesia, as the largest population and economy in Southeast Asia, boasts a young, talented, tech-savvy workforce. With a focus on fostering a favorable business environment, the country has seen a surge in startups and unicorns capitalizing on the domestic market. The public sector has been actively involved in enhancing connectivity, with initiatives like the government-run accelerator Startup Studio Indonesia and the Gerakan Nasional 1000 Startup Digital Program providing crucial support to tech and IT startups. Additionally, efforts to boost the industrial sector through programs like Startup4Industry are paving the way for the adoption of Industry 4.0 technologies.
Indonesia’s success in attracting tech investment is evident in the rise of unicorns like J&T Express, Xendit, and Traveloka. The Next Indonesia Unicorns (NextICorn) initiative further supports promising startups in gaining global investors. Jakarta, the country’s capital and entrepreneurial hub, is home to many of these successful unicorns.
Moreover, Indonesia’s focus on enhancing digital infrastructure, including the introduction of the digital nomad visa, is expected to attract foreign talent and further fuel the growth of startup ecosystems. The Island of Bali, popular among digital nomads, presents a promising opportunity for establishing startup hubs. Indonesia is poised to continue its trajectory as a leader in tech investment, with a thriving ecosystem that welcomes both local and global entrepreneurs.
Startups
Indonesia Top Startup Industries
302 startups
163 startups
141 startups
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Ecosystem HealthCheck
Indonesia Ecosystem Health Check
The health check tables allow you to look at the performance Indonesia has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Indonesia
Become our Indonesia Ecosystem Partner
Startup Ecosystem Charts
Startup Funding in Indonesia2017 - 2024
Startup Funding in Indonesia 2017 - 2024
From 2022 to 2023, startup funding in Indonesia has decreased by 74.19%. During this period, the number of deals in Indonesia has decreased by 57.55%. Since 2017, total startup funding in Indonesia exceeded US$ $32.14B.
Average Funding in 2023
$9.72M
Funding in 2023
$1.31B
Deals in 2023
135
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Indonesia
Global Rank
Indonesia is ranked within the top 40 startup ecosystems globally.
Top Industries
Indonesia’s startup scene is best represented in Software & Data, Ecommerce & Retail, and in Fintech.
Top Cities for Startups in Indonesia - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 27th + 2 | 30.457 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 249th + 137 | 1.742 | 00.00 | 00.00 | 00.00 | |
3rd + 2 | 624th + 314 | 0.307 | 00.00 | 00.00 | 00.00 | |
4th - 1 | 657th + 217 | 0.279 | 00.00 | 00.00 | 00.00 | |
5th - 1 | 711th + 220 | 0.241 | 00.00 | 00.00 | 00.00 | |
6th 0 | 986th new | 0.119 | 00.00 | 00.00 | 00.00 | |
7th 0 | 1106th new | 0.085 | 00.00 | 00.00 | 00.00 |
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