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Indonesian VC East Ventures Launches Accelerator Programme for Laid-off Tech Talent

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East Ventures, an Indonesia-focused venture capital firm, has launched its fourth edition of the PASTI BISA programme to aid those affected by recent layoffs in the tech ecosystem.

The latest edition dubbed as Maju Terus Pantang Mundur (IDPB MTPM), which translates as keep moving forward and never give up, provides an opportunity for aspiring entrepreneurs to develop their business ideas and take their first step in creating a startup.

They will receive direct coaching from experts in the digital ecosystem across multiple areas, connect with investors, and receive a total funding of US$ 500,000 (IDR 7.5 billion) in the form of uncapped convertible notes for 30 teams.

East Ventures will announce up to 120 shortlisted teams through IDPB MTPM and East Ventures’ official websites and social media channels on 1 December 2022.

This collaborative programme is supported by partners such as IDN Media, Tech in Asia, and Katadata.

Applications for the IDPB MTPM programme are now open until 30 November 2022.

Willson Cuaca

Willson Cuaca

“Thousands of talents within the tech ecosystem were laid off. We believe that the impacted talents have great potential, yet they are just at an unfortunate time and condition.

To keep them unleashing their potential, East Ventures wants to create a platform to support those individuals impacted through Indonesia PASTI BISA Maju Terus Pantang Mundur.”

said Willson Cuaca, Co-founder and Managing Partner at East Ventures.

Avina Sugiarto

Avina Sugiarto

“We encourage all impacted talents to apply to this coaching and hackathon program. We are looking forward to partnering with any organizations to support this initiative.

We hope to see many great talents and potential ideas to solve pain points in Indonesia. We are looking forward to moving together in reviving and developing the digital ecosystem and taking steps toward achieving an inclusive and sustainable future,”

said Avina Sugiarto, Partner at East Ventures.

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