BRI Ventures

BRI Ventures, an investment arm of Indonesia’s state-owned BRI Group, today announced a collaboration with ITB School of Business and Management (SBM ITB) to launch the country’s first venture capital university courses in 2021.

SBM ITB will open the venture capital courses under both undergraduate and graduate programmes at its Jakarta and Bandung campuses. It aims to nurture the archipelago’s fresh job market of professional venture capitalists for emerging startup sectors.

The curriculum is designed to help students learn about basic venture investment principles, gain exposure to various startup ecosystems, as well as understand financial building blocks related to the startup life cycle.

“Ten years ago, venture capital wasn’t considered a career and now has become one of the ideal accomplishments among local business students,” said BRI Ventures’s CEO and veteran venture capitalist Nicko Widjaja.

Also read: Ecosystem Roundup: GIC invested US$94M into Bukalapak before its IPO; All about the cloud kitchen industry in Indonesia

Capitalising on the university-industry collaboration, the venture capital investment courses will give students access to extensive industry insights and subject matter expertise from business leaders.

“The programme is strongly aligned with the mission of SBM ITB, which aims to nurture leaders with an entrepreneurial mindset that creates impact,” added Dean of Economics and Business Prof. Utomo Sarjono Putro.

The Southeast Asian startup funding landscape has witnessed an influx of global and regional venture capital firms rushing to grab a share of the Indonesian market. The total funding of local startups has surpassed US$1.9 billion across 52 rounds in the third quarter of 2020, according to the Indonesian Venture and Startup Association.

In recent years, Indonesia has witnessed a rapid growth of tech ventures, especially with the growth of the country’s four original unicorns Gojek, Tokopedia, Traveloka, and Bukalapak.

Image Credit: BRI Ventures

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