MOUNTAIN PARTNERS INdonesia: Announcing winners FOR ideabox Alpha Accelerator PROGRAM

February 2017

MOUNTAIN PARTNERS INdonesia: Announcing winners FOR ideabox Alpha Accelerator PROGRAM

Ideabox is a joint venture between Mountain Partners, Indosat Ooredoo, and Kejora to elevate Indonesia’s startup scene through early stage investment funds and an award-winning tech accelerator focusing on internet and telecommunication sectors. Ideabox is the most prominent and award winning technology accelerator in Indonesia and it is now opening its doors to the fourth batch of startups to enter a 120-day accelerator program.

Three startups have been chosen as winners in a tense selection process: Andalin, a one-stop service website to help SME trading businesses through customs clearance integration services; Ayo Slide, a mobile marketing platform with incentive adverts for users – advertisers can advertise their product adverts in users´ lockscreens or in the Ayo Slide’s app; Sevva, a rental service platform simplifying users´ renting and leasing experience of daily objects from each other with escrow services.

The three winners will receive seed funding of up to 50,000 USD each, intensive mentoring from local and international business leaders with diverse industry backgrounds, access to a strong investor network, dedicated facilities during the program and additional perks from ideabox partners, such as Facebook marketing credit worth for 80,000 USD, cloud infrastructure support worth 120,000 USD, IBM Soft Layer and IBM Blue Mix. In addition to that, the startups are prioritized for commercial partnership with Indosat Ooredoo.

“We are seeing an increasing maturity in Indonesia´s startup ecosystem. In the past few years not only the quantity but more importantly the quality of Indonesian startups has vastly improved. With the ideabox Alpha Accelerator we have been contributing to grow and strengthen this ecosystem. We are excited to be part of this joint program, where we identify, mentor and develop the most promising ventures. With our experience and know-how we help them to become leading companies not only in Indonesia but bring them to a global level”, highlights Marco Stutz, International Investment Management at Mountain Partners.

Ideabox continues into its fourth year as solid partnership between three major players: Indosat Ooredoo, Mountain Partners, and Kejora. The partners are expected to bring their expertise and experience to polish the three winners to be amongst the most anticipated startups to be watched in Indonesia’s growing startup scene.

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