Enhancing Global Partnerships, Living Lab Ventures (LLV) Collaborates with the New South Wales Government, Australia through the International Landing Pad Program
Jakarta, September 12, 2024 – Living Lab Ventures (LLV), the corporate venture arm of Sinar Mas Land, announced its strategic initiatives for the second half of 2024, underlining its commitment to driving global partnerships and fostering economic growth in Indonesia. With a focus on expanding its network, strategic partnerships, and supporting innovation, LLV continues solidifying its position as Indonesia’s premier gateway for global companies and a catalyst for digital economic creation. To attract global investment and support Indonesian startups, LLV collaborates with the New South Wales (NSW) Government through the International Landing Pad program. This strategic alliance not only offers LLV’s portfolio companies a foothold in Sydney, NSW, Australia, but also provides them with essential resources, local market insights, and networking opportunities. Other than that, LLV supports NSW companies seeking to enter the Indonesian market, further solidifying its influence in both regions. The Hon. Anoulack Chanthivong, Minister for Industry and Trade of NSW said, “NSW is the epicenter of startups and innovation in Australia. The International Landing Pad program is part of a suite of activities the NSW Government is implementing to support the innovation sector, increase investment, and boost exports. Our partnership with LLV will strengthen ties between Indonesia and NSW, providing support for Indonesian companies looking to expand into our market, while allowing NSW businesses to scale up and expand on an international level.” Bayu Seto, Partner of Living Lab Ventures explained, “Our strategy is rooted in blending local expertise with international reach. This unique positioning allows us to stand out in a competitive market and offer unparalleled growth opportunities, both for global companies entering Indonesia and for Indonesian startups looking to make their mark internationally. As we are expanding to the Australian market, our strategic partnership with the NSW Government exemplifies our commitment to fostering cross-border growth. By bridging the gap between Indonesia and Australia, we are creating new economic opportunities that benefit both regions.” In the second half of 2024, LLV continues its focus on maximizing the economic potential of BSD City as a Special Economic Zone (SEZ), by creating a business ecosystem open to startups to explore and develop new ideas focused on the medical, education, and digital sectors. Mulyawan Gani, Chief Transformation Officer of Sinar Mas Land highlighted LLV’s strategic importance within Sinar Mas Land’s vision, “LLV aligns seamlessly with our long-term strategy to drive innovation, economic growth, and sustainable development across Indonesia. By aligning with our vision, LLV empowers us to identify and nurture promising startups and breakthrough technologies that contribute to the development of smart cities, with BSD City as an example in its role as a Special Economic Zone. The establishment of our venture capital arm allows us to not only drive innovation at home but also strengthen our global partnerships, creating a dynamic ecosystem where Indonesian companies can scale internationally. This step reinforces Sinar Mas Land’s commitment to advancing Indonesia’s economy while also positioning itself as a leader in the development of sustainable cities that are prepared to face future challenges.” LLV is dedicated to providing targeted support to its portfolio companies, helping them scale operations and expand into new markets. To meet the evolving needs of startups and attract global investors, LLV continuously enhances its strategic investment and advisory services. Recently, LLV launched the Biomedical Fund, focusing on startups in the biomedical field, research centers, biobanks, health technology, and related areas. To date, LLV has empowered startups across three key technology sectors, such as Smart Technologies, Digital Life, and Mobility. Its portfolio includes notable companies such as Traveloka, GoTo, Dana, Sirclo, GoWork, Jendela360.com, OneSmile, Flokq, Ideal, Waste4Change, Urban Gateway Fund, Pashouses, Lingkup, Twospaces, Bamms, Jumpstart, DOOgether, Paper.id, Amoda, BRIK, Imajin, Social Bread, Artotel Group, DCT Agency, Tebengan, and DCG, the parent company of Lamudi. LLV remains committed to supporting digital-based startups that drive positive change within the startup ecosystem in Indonesia and Southeast Asia. (*)