Living Lab Ventures (LLV), a corporate venture capital unit under Sinar Mas Land, launched InnoLab, a co-innovation program designed to accelerate real solutions through collaboration between Indonesian startups and global technology partners.

Bayu Seto, Partner at Living Lab Ventures, said, “InnoLab is a place where global deep-tech technology meets real local execution.

Startups today need not only funding, but also access to proven technology, guidance from experts, and a safe environment to experiment.”

Capitalizing on Indonesia’s Digital Economy Growth and Global Interest

According to the e-Conomy SEA 2024 report by Google, Temasek, and Bain, Indonesia’s digital economy is projected to reach USD 130 billion by 2025.

This growth makes Indonesia one of the most dynamic innovation markets in Southeast Asia.

Global companies are increasingly interested in entering the region not only for market expansion but also for research and development collaborations based on startups.

LLV’s InnoLab connects startups with global intellectual property (IP) from LLV’s international partners to seize this opportunity.

InnoLab’s Strategic Focus: Five Key Technology Sectors

The InnoLab co-innovation program focuses on five strategic sectors: renewable energy, digital health, next-generation semiconductors, sustainable logistics, and environmental solutions.

The first batch offers a six-month program to help startups access and develop deep-tech global technologies inclusively. Support includes expert networks, mentors, and commercialization advisors from LLV.

This enables startups to localize global technologies for the Indonesian market and accelerate product launch timing.

How InnoLab Bridges Startups and Global Deep-Tech IP

InnoLab applies the Real Co-Innovation Delivery approach based on three pillars: field test areas, expert support, and a flexible collective innovation process.

This method matches startups with IP owners through structured business matching, milestone-based technical reviews, and market validation via trials, surveys, and user research.

Bayu Seto emphasized, “Global companies continue to seek the right partners and ecosystems to localize their innovations. InnoLab bridges these needs and makes BSD City a growing center for applied innovation in Indonesia.”

BSD City: The Living Lab Ecosystem Accelerating Innovation

BSD City, a 6,000-hectare mega township developed by Sinar Mas Land with over 500,000 residents and hundreds of businesses, integrates with InnoLab as a living lab.

This offers startups the chance to test, validate, and develop solutions directly in the community.

Supported by digital infrastructure, technology-based services, smart mobility systems, and active community involvement, BSD City provides an ecosystem ideal for accelerating future technology development on a large scale.

PHOTO: SINAR MAS LAND

This article was created with AI assistance.