Bandung, lpik.itb.ac.id – Implementation of a green economy is the main focus in efforts to achieve sustainable development. The Greentech Entrepreneurs Network (GEN), an accelerator program and hub for startups, is committed to encouraging the vertical growth of green technology startups in Indonesia. GEN is looking for innovative entrepreneurs who want to grow their startups by expanding access to business partners, investors and mentors.
GEN is organized by GIZ Indonesia on behalf of the German Ministry of Economic Cooperation and Development (BMZ), in collaboration with the Ministry of National Development Planning of the Republic of Indonesia/Bappenas, through the Indonesian Digital Transformation Center (DTC) project with the support of Endeavor Indonesia.
The GEN program begins with an audition stage on November 17 – December 17 2023, with 55 local startup companies registering. Next, 35 companies and founders were selected who will take part in the program from January 30 to April 2024.
Startup selection criteria include the circular economy sector, natural resource management and clean energy transition. They must operate in Indonesia, serve the local market, have founders who are Indonesian citizens, have passed the Minimum Viable Product (MVP) stage, have a proven business model, and have the potential to grow into the global market. Additionally, they must have generated revenue in the last 6-12 months and be open to funding.
The following is a list of selected startups based on sector categories:
Circular Economy Sector; Beuang, Blitz Electric Mobility, Boolet, Circularva, CIROES, Containder, Duitin, Dulang, IJO, Jubelo, Plana (Plastic For Nature), Rezycology, Sampangan Indonesia, Smash.id, Surplus Indonesia.
Natural Resources Management Sector; Akar, Bioniqa, BIOPS Agrotekno, Crustea, Ekosis, Elevarm, PT Ikanesia Nusantara Akuamarin, Protect the Forest, Lokatani, MYCL, Reservoair, Truclimate, Venambak.
Clean Energy Transition Sector; Azura Indonesia, Biojel, Kusuma Jaya Agro, Matador Lectro, NUXCLE, PT Selaras Daya Utama (SEDAYU), Spora Institute.
Of the 35 startup companies that joined the GEN program, several names graduated from the LPIK ITB incubation program, including; BIOPS Agrotekno, Elevarm (formerly Neurafarm), and MYCL
Once selected, these startups will undergo three consecutive programs, namely the Start Program (Scale Up Academy) on 30-31 January 2024, the Business Matching and Networking Dinner on 1 February 2024, and the Group Mentoring and Networking Event as the closing event.
