The startup and VC ecosystem in Bali has seen significant growth and development over recent years. As more entrepreneurs and investors recognize the potential of the region, there's been a distinct increase in the number of startups being established in this vibrant city.

A clear example of the growing startup scene is Go-Jek, a on-demand multi-service platform and digital payment technology group based in Jakarta. The company was first established in Indonesia and has since expanded its operations to multiple countries including Vietnam, Singapore, and Thailand. Although not founded in Bali, Go-Jek has had a tremendous impact on the island, introducing innovative services in logistics, transportation and food delivery which directly contributes to increasing the ease of life for the locals and tourists alike. It has also played a significant role in Bali's startup ecosystem as it opened a development office in the city.

Another notable startup that is making waves in Bali is ZEN Rooms, Southeast Asia's leading budget hotel network. ZEN Rooms was launched in Indonesia in 2015, with Bali being one of its primary markets. By providing high quality rooms at prices starting as low as US$10, ZEN Rooms have managed to carve a competitive edge in the hospitality industry.

VCs are also playing an integral role in the growth of Bali's startup ecosystem. East Ventures, a pioneer of Indonesia's VC scene, has made notable investments in various startups on the island. Another significant player is 500 Startups, an early-stage venture fund and seed accelerator that has backed several Bali-based startups. Convergence Ventures, Skystar Capital and MDI Ventures are additional notable investors in the region.

Bali startups also benefit from several initiative programs aimed at supporting its growth. Hubud, a coworking and private office space, is an example of such a platform. It’s not only a workspace but also a community of entrepreneurs providing vast networking opportunities. The city also hosts Startup Weekend Bali, a 54-hour event where startups come together to share ideas, form teams, and launch startups. In 2019, ANGIN (Angel Investment Network Indonesia) launched Bali Angel Investor Network to stimulate the local startup ecosystem and allow angel investors to engage with Bali-based startups.

In addition, Bali's unique characteristics contribute to its rising startup environment. Known as the island of Gods, Bali attracts millions of tourists every year, making it a prime location for businesses in the tourism and hospitality sectors. The city is also known for its affordable cost of living and a lifestyle that encourages creativity, factors that draw numerous digital nomads, and consequently, innovative new businesses.