Bandung Startup Pitching Day 2024: Attracting Local and International Investors Through Innovative Startup Pitching Competition
Bandung, lpik.itb.ac.id – Six leading startup ecosystem entities in Bandung, namely The Greater Hub SBM ITB, LPIK ITB, LPIT ITB, Startup Bandung, Geek Hunter, and Block71 Bandung, once again held the prestigious event "Bandung Startup Pitching Day (BSPD) 2024". The event, held at the ITB East Hall on June 19, is the 9th event and successfully attracted the attention of 21 domestic and foreign investors as well as hundreds of participants consisting of entrepreneurs, startups, and startup enthusiasts.
This event is not only a venue for 21 selected startups to present their innovative ideas to investors, but also a platform for learning and collaborative networking among fellow startups and investors. Dr. Dina Dellyana, Head of The Greater Hub SBM ITB Incubator, along with the Chairman of LPIK ITB, LPIT ITB, and the Dean of SBM ITB, opened this event with high enthusiasm from all participants.
Out of 90 registered startups in this first wave of BSPD, the 21 best startups with brilliant business ideas focusing on technology as a solution to real problems were selected to proceed to the live pitching session. Each startup was given a maximum of five minutes for presentation, followed by a Q&A session with investors. They come from various sectors, such as agritech, edutech, fintech, and many startups engaged in waste management or eco-technology and the creative industry sector. The 21 pitching participants included: TernakCraft, Fisiohome, TITIK0, LisFIT, Virtuwed, Oripay, Winergy, Tax Point, Dissop, Biomate Solution, Econella, Pansus Studio, The Court, LobSmart, Pregmiles, Learnhub, Frocket, Rawramie, HARO Education, Plastavfall Solution, and Rentalaja.
New this year, BSPD also provided a Demo Day session attended by other startups such as Hymoms, Projectind, Ganesha Research and Consulting, Dundun, Budayana, Juice, Petapikir, Makna Nusantara, Latarbelakang.id, Weflect ID, Nasho, Bell Living Lab, DonASI, Rentaloca, and Verdetech.
On the other hand, the presence of 21 leading domestic and international investors such as BRI Ventures, MDI Ventures, UMG Idealab, Javas Ventures, Maven Asia Capital, Sovereign's Capital, TMI, Vertex Ventures, Dx Ventures, Endeavor, HASAN VC, Grayscale Ventures, Meet Ventures, Invst ID, Digiven, Koaci Investasi, MMBCW Investment, Red Beard Ventures, Wows Global Investment SG, Enclave Global (Investment Div), and West Java Investment HUB, further strengthened the goal of this event as a platform to connect innovation with investment.
In his speech, the Chairman of LPIK ITB emphasized the importance of events like BSPD in supporting the startup ecosystem in Indonesia, especially in Bandung, which is increasingly consolidating itself as a fertile ground for the development of technology startups. He also stated that following the success of BSPD 2024, LPIK ITB will organize the ITB CEO Summit 2024 as the next event, which is expected to bring together CEOs from various companies to discuss innovation and future business strategies.
At the end of the session, awards were also given to four startups with the four best categories. Selected based on the judging scores were Frocket for The Most Innovation, LobSmart for The Best Pitch, and two other startups Winergy and Oripay for The Most Impactful and The Most Marketable, respectively.
Bandung Startup Pitching Day is not only an important platform for startups to showcase their innovations but also an important milestone in the development of the startup ecosystem in Indonesia. With increasingly strong support from various parties, Bandung is expected to continue to become a center of innovation and technology capable of competing on the global stage.
