Gojek founders Nadiem Makarim and Kevin Aluwi announcing Gojek's new logo in August. (JG Photo/Nur Yasmin)

Gojek Launches Accelerator Program for Local Startups

BY :ANTARA & NUR YASMIN

SEPTEMBER 10, 2019

Jakarta. Indonesia's first decacorn company Gojek has launched Gojek Xcelerate, a new accelerator program for local startups which will kick off this month.

The ride-hailing company is partnering with Digitaraya, a local startup accelerator hub founded by Google and Kibar which has assisted over 50 startups in 12 Asia-Pacific countries.

"We are happy to partner with Digitaraya and make a contribution to this country. They have access to an ecosystem of global companies and organizations. Our startups can learn from the best in the world," Gojek president Andre Soelistyo said on Tuesday.

Twenty startup companies will be selected for an intensive six-month accelerator program. The curriculum is developed by global companies such as Google Developers Launchpad, McKinsey & Company and UBS.

The comprehensive curriculum will teach methods to grow a business, including growth hacking, business model development and machine learning utilization.

Xcelerate Bootcamp, the introductory program, will be done in batches according to different topics.

At the end of each batch, a demo day will be held for the startups to pitch their business ideas. The winners will get an opportunity to get their apps integrated into the Gojek super-app.

Startup developers can register at www.gojek.com/gojekxcelerate to apply for the program until Sept. 17. The Xcelerate Bootcamp will begin on Sept. 23.

Gojek has grown from a ride-hailing app into a super-app with 22 on-demand services, including motorcycle, car and taxi-hailing, food and parcel delivery, cleaning, maintenance, beauty and massage services.

The company contributed Rp 44.2 trillion ($3.1 billion) to the Indonesian economy last year. It has expanded its services to the Philippines, Vietnam, Thailand and Singapore.

According to a report by Bain and Company in 2018, investment in Southeast Asian startups is projected to rise to $70 billion by 2024 thanks to strong support from governments and the private sector.

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