Venture Factory

Global-Scale Business Innovation Incubation Program for Indonesian Academics and Diaspora to Establish Research-Based Ventures Addressing Future Global Challenges.

Criteria

  • Cultivating entrepreneurs and impact-driven startups, particularly focusing on building ventures that address future global challenges.
  • Establishing a business innovation ecosystem or “Business Factory” for Indonesian academics/researchers/diaspora/scholars worldwide.
  • Serving as a multi-stakeholder platform for all stakeholders, including academics, community organizations, philanthropy, the private sector, and government.

 

Business Innovation Themes to be Developed:

  1. Agriculture
  2. Energy
  3. Healthcare
  4. Education

Requirements

To register to become one of the Top 100 Sustainable Venture Founders, you must:

  • You are a scholar/alumnus/researcher/aspiring venture founder who has graduated or is currently pursuing a Diploma, Bachelor’s, Master’s, or PhD degree with Indonesian citizenship.
  • You have a passion for creating research-based ventures that will have an impact on Sustainable Development.
  • Your team consists of at least 2 individuals and is ready to embark on the journey of building your venture.
  • Your team is fully committed to completing this program.
  • The business/venture/innovation you propose is original and focuses on at least one of the 4 themes of the Venture Factory for Scholars.

Category

  • Independently: Participants who register independently through the Venture Factory for Scholars program’s socialization efforts.
  • University: Participants who receive recommendations from University Lecturers/Officials through the Lestari Innovation Hub.
  • Diaspora: Participants who receive recommendations from Diaspora Organizations/Students outside of Indonesia

Prize and Benefits

Bootcamp throughout the program duration
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Business Mentoring
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Business Development
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Connected to Entrepreneurship and Investment Ecosystems
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Opportunity to become Lestari Top Venture Founders 2023
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Opening opportunities for the Lestari Innovation Hub
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Business acceleration support worth up to US$25,000 for the top 3 winners
Up to IDR 200 million business development funds for the top 10 participants

Timeline Program

2 Juni - 2 Juli 2023
Registrasi dan Submisi Ide Inovasi
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2 Juni - 2 Juli 2023
Registrasi dan Submisi Ide Inovasi
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2 Juni - 2 Juli 2023
Registrasi dan Submisi Ide Inovasi
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2 Juni - 2 Juli 2023
Registrasi dan Submisi Ide Inovasi
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