NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), in partnership with Indonesian conglomerate Salim Group, is adding two recent Indonesian cities to its BLOCK71 family of incubation centers. The opening of the brand new locations in Bandung and Yogyakarta follows the establishment of a middle in Jakarta in mid-2017.
The BLOCK71 project creates entrepreneurship hubs in several cities where startups can collaborate, network, and access mentors, funding, and recent markets.
According to Business Timestakes its name from its birthplace, Block 71 in Singapore’s Ayer Rajah Industrial Area. The constructing has since been transformed by NUS Enterprise, Singtel Innov8 and the then Media Development Authority right into a physical location for the startup community.
BLOCK71 Yogyakarta, which is positioned in a contemporary district opposite the favored Galeria Mall. BLOCK71 Bandung, then again, is positioned along one in every of the busiest streets within the Dago district, next to the Institute Teknologi Bandung (ITB).
Entrepreneurs based in Yogyakarta and Bandung now have access to the worldwide network and ecosystem resources, in addition to other BLOCK71 facilities. In addition to Singapore and Jakarta, these include Suzhou in China and San Francisco within the US.
NUS Enterprise, in collaboration with Salim Group, will organize entrepreneurship-related programs. It can even provide networking and collaboration opportunities for the scholar and entrepreneur community from Singapore and better education institutes in Indonesia equivalent to ITB and Universitas Gadjah Mada (Yogyakarta), in addition to offer development opportunities to support the event of digital and technology talent.
“These BLOCK71 locations will open doors for Singapore startups and the BLOCK71 family to expand their presence in Indonesia and facilitate local startups’ access to international markets,” said NUS President Tan Eng Chye in statement.
Axton Salim, CEO of Salim Group, said: “We hope that our initiatives will encourage more young people to develop an interest in digital and technology and become entrepreneurs. We would also like to expand these initiatives to other continents such as Africa and China in the near future.”
