Indonesia startup and venture ecosystem

The 2025 e-Conomy SEA report estimated Indonesia accounted for about 40% of Southeast Asian game downloads and 35% of regional game revenue. Google Indonesia reported 127% growth in revenue for AI-featured apps between the first halves of 2024 and 2025, at least 45 AI startups in Indonesia, and a 4% share of ASEAN-10 AI funding.

As of Oct 4, 2026. Official information. Source: e-Conomy SEA 2025: From Digital Decade to AI Reality; e-Conomy SEA 2025: Indonesia, Pusat Kekuatan AI Baru Asia Tenggara

ADB and SMERU’s June 2023 study found that most startup ecosystem components had been established during the preceding five years. It identified incubator and accelerator quality, early-stage financial access, and talent development as areas for improvement.

As of Oct 4, 2026. Official information. Source: Indonesia’s Technology Startups: Voices from the Ecosystem

Startup Genome placed Jakarta at #16 in its 2026 Top 100 Emerging Ecosystems comparison, after listing it at #2 in the preceding edition. The publisher describes emerging ecosystems as earlier-stage startup communities and says the comparison places more weight on early-stage funding than its Top 40 list.

As of Oct 4, 2026. Official information. Source: The Global Startup Ecosystem Report 2026

ADB and SMERU identified Jakarta as home to the largest number of investors in Indonesia during their study period. Their historical brief estimated about 164 higher-education institutions in Bandung and 136 in Yogyakarta; these are study-period counts, not current totals.

As of Oct 4, 2026. Official information. Source: City-Level Tech Startup Ecosystems and Talent Development in Indonesia (ADB Brief 228)

ADB and SMERU found startup support concentrated in Java and Bali, with other areas underserved, and recommended examining multiple city and local ecosystems rather than assuming one uniform national system. StartupBlink’s 2026 page lists seven Indonesian cities in its index.

As of Oct 4, 2026. Official information. Source: Indonesia Startup Ecosystem - Rankings, Startups, and Insights; Indonesia’s Technology Startups: Voices from the Ecosystem

The DiscoveryShift figures reported by Jakarta Globe place about 67% of 2025 funding deals at early stage, while estimating that around 15% of seed-stage startups advanced to Series A. Celios director Nailul Huda was quoted estimating domestic sources supplied about 10% of venture capital in Indonesia’s digital economy; this is an attributed estimate, not an audited capital-flow statistic.

As of Oct 4, 2026. Official information. Source: Indonesia Startup Funding Falls to $355.7M in 2025 Amid Global Tightening

BRIN’s 2025 RIIM Startup information page sets a maximum award of Rp300 million per year and caps funding at two years. Application status was not established by these reviewed terms.

As of Oct 4, 2026. Application availability not verified. Official information. Source: Layanan Pendampingan Dan Pembinaan Perusahaan Pemula Berbasis Riset (PPBR) 2025

Founders evaluating locations and support should distinguish the national picture from city-level conditions: ADB and SMERU found programs concentrated in Java and Bali and recommended a local ecosystem lens. BRIN’s 2025 RIIM Startup information lists funding capped at Rp300 million per year for up to two years; application status was not established.

As of Oct 4, 2026. Official information. Source: Indonesia’s Technology Startups: Voices from the Ecosystem; Layanan Pendampingan Dan Pembinaan Perusahaan Pemula Berbasis Riset (PPBR) 2025

Startup Genome’s 2026 Jakarta position is a dated emerging-ecosystem comparison, not a substitute for company-level diligence. DiscoveryShift’s reported 2025 total was $355.7 million across 91 deals, and its estimated seed-to-Series-A progression rate was about 15%.

As of Oct 4, 2026. Official information. Source: The Global Startup Ecosystem Report 2026; Indonesia Startup Funding Falls to $355.7M in 2025 Amid Global Tightening

The 2025 e-Conomy SEA report characterized private funding as muted across sectors. DiscoveryShift’s reported 2025 funding total and seed-to-Series-A estimate also indicate that early-stage deal activity does not necessarily translate into progression to later rounds.

As of Oct 4, 2026. Official information. Source: e-Conomy SEA 2025: From Digital Decade to AI Reality; Indonesia Startup Funding Falls to $355.7M in 2025 Amid Global Tightening

ADB and SMERU’s findings reflect a study published in June 2023 and interviews with 39 founders or startup team members, 10 incubator or accelerator staff, five government officials, and four financiers. The study is a dated account of ecosystem conditions.

As of Oct 4, 2026. Official information. Source: Indonesia’s Technology Startups: Voices from the Ecosystem