Indonesia’s innovation landscape reached a new milestone as PT Ravelware Technology Indonesia emerged as the only Indonesian startup to secure a spot in the Top-100 at the Entrepreneurship World Cup (EWC) 2024. This prestigious competition, held in Riyadh, Saudi Arabia, showcased groundbreaking innovations from 16,400 startups across 151 countries, highlighting the nation’s potential to compete globally in the deep tech arena.

Founded in 2016, Ravelware began its journey with a vision to propel Indonesia towards technological independence. With a focus on smart manufacturing and supply chain digitalization, the company provides customized solutions in Industrial IoT (Internet of Things). Its proprietary Intelligent Monitoring System (IMS) leverages RFID, sensors, and artificial intelligence to deliver real-time and predictive insights for industries ranging from automotive to energy. Over 200 digitalization projects and 45,000 connected IoT devices underscore its transformative impact on Indonesia’s manufacturing sector.

Pioneering Green Graphene Innovation

Ravelware’s success at EWC 2024 was anchored in its groundbreaking work with green graphene, a "wonder material" known for its unparalleled strength, conductivity, and sustainability. The company’s proprietary graphene production method utilizes plastic waste and coconut shells, achieving 30% faster output than traditional techniques. This innovation positions Ravelware as a leader in circular economy technology, with applications spanning functional textiles, batteries, and nano membranes.

Recognition and Global Partnerships

Ravelware’s achievements extend beyond EWC. The company has represented Indonesia in international platforms such as the MISK Global Forum and Austria’s Global Incubator Network. As a key enabler for Japan’s Industry 4.0 standardization program, Ravelware collaborates with global giants like Toyota, Bridgestone, and Tech Mahindra.

A Vision for Technological Independence

Ravelware’s mission transcends business success—it aims to inspire Indonesia’s youth to embrace innovation. By sharing insights on deep tech and graphene through social media platforms, Ravelware empowers the next generation to contribute to a sustainable technological future. CEO Randy Budi Wicaksono highlights that the EWC recognition is just the beginning: “With community support and collaboration, Ravelware is poised to create global impact through graphene technology and the circular economy.”

Driving Indonesia’s Tech Leadership Forward

As the first Indonesian deep tech startup to break into EWC’s Top-100, Ravelware exemplifies how local innovation can achieve global acclaim. By aligning its technological expertise with sustainability goals, the company sets a new benchmark for Indonesia’s role in shaping the future of technology.