President Joko 'Jokowi' Widodo with Plug and Play chief executive Saeed Amidi at the company's headquarters in Silicon Valley, California, on Feb. 17. (Photo courtesy of Telkom)

Plug and Play to Form Joint Venture With Indonesian Firm: Minister


OCTOBER 31, 2016

Jakarta. American business accelerator Plug and Play will form a joint venture with an Indonesian company to create a business incubator in support of new small and medium enterprises in the technology sector.

"Saeed Amidi of Plug and Play will come to Indonesia as they want to form a joint venture with an Indonesian company," Communication and Information Technology Minister Rudiantara told reporters on Friday (28/10).

According to the minister, Amidi will visit the country in November to ink a deal with an Indonesian company.

Amidi is the founder and chief executive of Plug and Play Tech Center. According to the company's website, Amidi's venture as a tech investor began in 1998. He founded Plug and Play in 2006. The company has raised over $4 billion and created thousands of job opportunities in the tech sector.

Earlier this year, President Joko "Jokowi" Widodo visited the Plug and Play headquarters in Silicon Valley, California, when the tech firm signed an agreement with state-owned telecommunications company Telekomunikasi Indonesia (Telkom) to establish a startup-coaching program.

The collaboration is part of the government's plan to groom 1,000 entrepreneurs in the tech sector by 2020.