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G20 Digital Innovation Network (DIN): Catalyst for Digital Economy Growth in Indonesia

Nusa Dua, Bali, Sept 19, 2022 – (ACN Newswire) – The G20 Digital Innovation Network (DIN) meeting can be considered a catalyst to expedite the digital economy sector development in Indonesia, said Minister Johnny G Plate, Indonesian Ministry of Communication and Informatics (KOMINFO). The function aims to create together start-ups, capital raising companies, policy makers, along with leading global technology enterprises, including Google.

Minister of Communication and Information Johnny G. Plate delivered his remarks at the opening of the G20 Digital Innovation Network (DIN) forum in Nusa Dua, Badung, Bali, Saturday (September 3, 2022). (ANTARAFOTO/Aditya Pradana Putra/rwa.)

“We think that the DIN event can be an important catalyst for the growth of the digital economy by strengthening collaboration among start-ups, capital raising companies, and also national and international corporations,” the minister said in his opening remarks at the inauguration of G20 DIN, a High-level Side Event of the 2022 G20 Digital Economy Working Group (DEWG), in Nusa Dua, Bali.

Prior to the G20 ministers and international organization representatives present, Plate noted the development of the digital economy in Indonesia shows a confident trend. “In 2021, the worthiness of the digital economy in Indonesia reached US$70 billion and it’ll increase to US$315,5 billion in 2030. This potential is Indonesia’s future economy (strength) that is supported by various well-performed start-ups,” he said.

Plate said that currently, Indonesia has two decacorn start-ups, or companies whose valuations reach US$10 billion, and much more than 10 unicorn start-ups, that have valuations of at the very least US$1 billion. Plate believes that start-ups play a significant role in determining the development of the digital economy sector, both at the domestic and regional levels.

“I trust the G20 DIN (organizing committee) to handle this group of meetings and discussions which are anticipated to encourage various collaborations on digital innovations,” Plate stated.

The G20 DIN meeting happened in the Bali International Convention Centre (BICC) in Badung District from September 2 to 4, 2022. A lot more than 400 participants attended the function personally, while another 200 participated in the case virtually.

Chairperson of 2022 G20 DIN, Sonny Hendra Sudaryana, said at a press conference following the inauguration that the implementation of 2022 G20 DIN would concentrate on five priority sectors: education technology, financial inclusion, healthcare, supply chain, and also green and renewable energy.

2022 DIN Start-Up Awards Winners:

1. Healthcare — UCARE.AI, Singapore / Neurobots, Brazil

2. Supply Chain — MOOVA, Argentina / Sinbad, Indonesia

3. Green & Renewable Energy — Xurya, Indonesia / Uali, Argentina

4. Edutech — Edubuk, India / Accredify, Singapore

5. Financial Inclusivity — WireBarley, South Korea / Lendo, Saudi Arabia

Favourite Start-Up Winners:

1. Healthcare — NUSANTIC, Indonesia / Qapsula, Russia

2. Supply Chain — Eunimart, India / FairSupply, Australia

3. Green & Renewable Energy — EINHUNDERT Energie GmbH, Germany / MVL Labs, South Korea

4. Edutech — Cakap, Indonesia / Sarente Gameon, Turkey

5. Financial Inclusivity — Komunal, Indonesia / Lendo, Saudi Arabia

G20 Digital Innovation Network:

Source: DIN, Indonesian Ministry of Communication and Informatics (KOMINFO).

Topic:News release summary

Source: G20 Digital Innovative Network / Indonesian Ministry of Communication and Informatics (KOMINFO)

Sectors:ASEAN, Startups

From the Asia Corporate News Network

Copyright 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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