According to data from Startup Ranking and dataindonesia.id, Indonesia ranks sixth in the world with 2,492 startups as of May 10, 2023. The total number of startups in the world has now reached 144,688, with the United States leading the pack with 77,554 startups, followed by India with 17,209.
The United Kingdom and Canada have 7,046 and 3,902 startups, respectively, while Australia has 2,902. Germany has 2,423 startups, and France is in eighth place with 1,611 startups.
President Joko Widodo expressed his delight with Indonesia’s ranking, attributing it to the high internet penetration rate of 76.8% among the country’s population.
The President is optimistic that Indonesia’s startup scene will continue to grow and play a leading role in the Asian market. He believes that this will drive Indonesia’s digital economy to reach a value of US$130 billion by 2025 and US$315 billion by 2030.
The increase in the number of startups is likely due to the government’s efforts to create a supportive ecosystem for startups, which includes initiatives such as the provision of funding and the establishment of innovation centers.
Furthermore, the high number of it in Indonesia is a reflection of the country’s entrepreneurial spirit and its ability to adapt to new technologies.
With the continued growth of the digital economy in Indonesia, it is expected that there will be more opportunities for startups to thrive and contribute to the country’s economic development. As a result, the industry is set to become a crucial component of Indonesia’s economy in the coming years.
The rise of startups in Indonesia has also led to the creation of new jobs and the development of new technologies, which have the potential to improve the lives of millions of people.
Moreover, the model industry has the potential to contribute to the United Nations’ Sustainable Development Goals, including poverty reduction, gender equality, and environmental sustainability.
In conclusion, the high number of that model of industry in Indonesia is a testament to the country’s vibrant startup ecosystem and its ability to compete on a global scale. As Indonesia’s startup industry continues to grow, it will provide more opportunities for innovation, job creation, and economic development.