MDI Ventures, a subsidiary of PT Telkom Indonesia, launched the Maturation Map alongside five major venture capital and private equity associations across Southeast Asia (2/5).

This governance initiative aims to improve transparency and accountability in the region’s startup ecosystem.

The map is designed to address the increasing issues of fraud and financial mismanagement that have affected investor confidence in Southeast Asia.

The Maturation Map provides tailored recommendations for startups at different stages of their development, from early-stage companies to those preparing for an IPO.

The initiative comes as a response to governance failures in several high-profile startups, including issues in the Indonesian market.

MDI Ventures Collaborates with Southeast Asian VC Associations on Maturation Map Initiative

The Maturation Map was developed with the collaboration of major venture capital associations across Southeast Asia, including the Singapore Venture & Private Capital Association (SVCA), Amvesindo (Indonesia), TVCA (Thailand), VPCA (Vietnam), and MVCA (Malaysia).

MDI Ventures, a key member of Amvesindo, contributed as a co-author to the report.

The project represents a significant regional effort to enhance governance and ethical standards across the startup ecosystem, ensuring that the Maturation Map reflects the diverse needs of businesses in Southeast Asia.

Key Governance Recommendations in the Maturation Map for Southeast Asia’s Startup Ecosystem

The Maturation Map outlines key recommendations aimed at improving governance, transparency, and accountability.

These recommendations are specifically designed for startup founders, investors, consultants, and regulators.

The map is structured to provide guidance appropriate to each stage of a startup’s lifecycle, ranging from early-stage startups to those preparing to go public.

The initiative is also a response to various scandals within the region’s startup ecosystem, such as the case of eFishery in Indonesia.

While these incidents represent a minority of the sector, they have significantly impacted trust in the ecosystem.

MDI Ventures’ Ongoing Commitment to Good Corporate Governance

MDI Ventures has reiterated its commitment to adhering to high corporate governance standards.

The company follows a rigorous selection process for its investments, which is based on the standards set by PwC and audited by PT Telkom.

Each investment decision is made independently by the internal team, incorporating a comprehensive evaluation that includes due diligence, investment committee approval, and post-investment monitoring.

MDI Ventures also ensures regular independent audits by credible institutions to maintain transparency and accountability in its operations, reinforcing its commitment to Good Corporate Governance (GCG).

PHOTO: MDI VENTURES

This article was created with AI assistance.