BSD City, August 13, 2025 – The e-Conomy SEA 2024 report by Google, Temasek, and Bain projects Indonesia’s digital economy to reach USD130 billion by 2025. This growth positions Indonesia as 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 startup-driven research and development collaborations.
Seizing this opportunity, Living Lab Ventures (LLV), the corporate venture capital arm of Sinar Mas Land, has launched InnoLab, a co-innovation program designed to accelerate the creation of real-world solutions through collaboration between Indonesian startups and global technologies. Through InnoLab, startups will gain access to a wide range of Intellectual Property (IP) and technologies from LLV’s global partners across various countries.
The co-innovation technology program focuses on five strategic sectors: renewable energy, digital health, next-generation semiconductors, sustainable logistics, and environmental solutions. In its first batch, InnoLab introduces a six-month program aimed at helping startups access and develop inclusive global deep-tech innovations, supported by LLV’s network of experts, mentors, and commercialization advisors. Through this initiative, startups can localize global technologies to suit Indonesia’s market needs while accelerating product go-to-market timelines.
Bayu Seto, Partner at Living Lab Ventures, stated, “InnoLab is where global deep-tech innovation meets real local execution. Today, startups need more than just funding—they need access to proven technologies, expert guidance, and a safe environment to experiment. At the same time, global companies are continuously looking for the right partners and ecosystems to localize their innovations. InnoLab bridges these two needs while positioning BSD City as a growing hub for applied innovation in Indonesia. Moving forward, we will continue to establish new partnerships in intellectual property and global innovation to expand and enrich our innovation pipeline, while fostering stronger collaboration between startups and global technology leaders.”
LLV developed InnoLab through a Real Co-Innovation Delivery approach, which consists of three key pillars: real-world testing environments, expert support, and a collaborative and flexible innovation process. This method enables startups to be matched with IP owners, facilitates structured business matching, milestone-based technical reviews, and market validation through pilot projects, surveys, and user research.
One of InnoLab’s key advantages is its integration with BSD City, a 6,000-hectare mega township developed by Sinar Mas Land. With a population of over 500,000 residents and hundreds of businesses operating within the area, BSD City serves as a living lab, providing startups with opportunities to test, validate, and scale their solutions directly within the community. Supported by digital infrastructure, technology-driven services, smart mobility systems, and active community engagement, BSD City offers an ideal ecosystem to accelerate the large-scale development of future technologies.
InnoLab also provides startups with a structured development pathway tailored to local needs, helping them strengthen their technology and intellectual property portfolios. The program offers innovators a rare opportunity to engage directly with frontier technologies, guided by both global and local experts, while testing their products in a dynamic urban environment.
Through the launch of InnoLab, LLV reinforces its role as a catalyst for transformative innovation—driving meaningful collaboration between startups and corporations to co-create impactful solutions for society and industry.
