MALAYSIA Digital Economy Corporation (MDEC) and IDC Asean launched GAIN Connex Indonesia 2018 to deepen collaboration opportunities between Malaysian and Indonesian companies.
Held as a two-day programme from Sept 19 to 20 in Jakarta, it brings representatives from 17 qualified Malaysian enterprises (mostly IT companies) to get better a grasp on Indonesia’s economic scene by meeting with their counterparts (eight tech companies).
The companies are Calms Technologies Sdn Bhd; PT Securemetric Technology; KAT Technologies Sdn Bhd; Aetins; Finexus Asia Sdn Bhd; Innov8tif Solutions Sdn Bhd; Datasonic Group Bhd; Sedania Innovator Bhd; Veriva System Sdn Bhd; Selfdrvn; CXS International; Mobiversa; PT iTalentPro Digital Indonesia; Numa Solution Sdn Bhd; PT Nityo Infotech; Berkshire Media Sdn Bhd; Datamicron Systems Sdn Bhd; Datacomm Diangraha; Perdana Consulting; Lintasarta; Infomedia; Mitra Integral Informatika; Telkomsigma; Asaba; and Indo Cyber.
IDC Indonesia senior research manager and head of operations Mevira Munindra says, “GAIN Connex is the right knowledge-sharing opportunity for tech providers to see where they can complement each other in filling the capability gaps in supporting digital-driven enterprises.
“Not only do Malaysian companies get the chance to have a better understanding of Indonesia’s market, participating local companies are also exposed to potential tech partnerships in areas such as big data, analytics, and IoT for them to expand in the domestic market and into neighbouring countries.”
She adds that some companies had known each other before this programme and it is expected that both parties can establish mutually beneficial partnerships to grow trade and investments.
GAIN Connex is organised as part of the market access pillar under the Global Acceleration and Innovation Network (GAIN) programme initiated by MDEC.
The programme was incepted to catalyse the expansion of Malaysian technology SMEs that have the potential to become global players through market access, leadership and capability development, brand visibility and scale-up capital.
MDEC head of high growth companies, enterprise development Ryan Yann Nong Chang says that participating companies are those with good business records and a strong customer base, which offer solutions that could fit local demands.
“With the same approach, we hope to see partnerships between the companies so that they will be able to explore to Indonesian market.”
He commented that these Malaysian companies are credible and adaptable to culture especially in doing business.
CXS Analytics country manager Melissa Teh says, “CXS has benefitted greatly from MDEC GAIN’s numerous events, one of which is GAIN Connex where we have the opportunity to be matched with potential partners for our talent-profiling solution. This event in Indonesia is a first for us and we have generated many leads based on the team’s careful selection of partners for each participating company.”
Finexus Group Jakarta director Jeffrey Fok Boon Hung says that GAIN addresses and provides strategic channels to get assistance on handling applications includes taxation, as well as the proper setting-up of business entities in Indonesia.
“I think this programme successfully identifies the real difficulties for foreign companies before they actually set up shop in this country, especially the legal aspects and taxation that are very underrated and overlooked.”
Indonesian-based Mitra Integrasi Informatika system analyst Karina has participated in this programme before.
“GAIN Connex has been very helpful as we get to meet our counterparts in Malaysia and share knowledge and insight with each other, as well as get better a grasp on access to Malaysian market.”
Growing digital economy
IDC anticipates that 40% of the Indonesian economy will be digitalised by 2021.
Mevira says that some stages should be carried out in terms of growth in the digital economy, which is driven by the government and key stakeholders.
“Compared to other countries, Indonesia is still in the silo-ed stage. A digital economy roadmap is necessary to make sure of the actions needed to be taken next.”
To Ryan, Indonesia’s market has huge potential and is ready, looking at the number of “unicorns”.
“Some indicators showing a country’s growth in its digital economy are internet penetration, adoption of e-commerce and mobile commerce.”
He adds that government is there to make policies that encourage digital adoption, as players in the industries are those who innovate.
Both Mevira and Ryan feel that banking, manufacturing and supply chain industries have the greatest potential to grow swiftly in the digital era.
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