Six leading startup ecosystem entities in Bandung, namely The Greater Hub SBM ITB, LPIK ITB, LPIT ITB, Startup Bandung, Geek Hunter, and Block71 Bandung, have once again organized the prestigious “Bandung Startup Pitching Day (BSPD) 2024.” Held at the East Hall of ITB on June 19th, this event’s ninth edition successfully attracted 21 local and international investors and hundreds of participants, including entrepreneurs, startups, and startup enthusiasts.
This event provides a platform for 21 selected startups to present their innovative ideas to investors while offering learning and networking opportunities for both startups and investors. Dr. Dina Dellyana, Head of The Greater Hub SBM ITB Incubator, along with the Chairs of LPIK ITB, LPIT ITB, and the Dean of SBM ITB, enthusiastically opened the event.
Dr. Dina expressed her hopes during the opening of the Bandung Startup Pitching Day, stating, “With this event, the startups we nurture can gain exposure to venture capital and collaborate with existing venture capitalists.”
From an initial pool of 90 applicants, 21 top startups with innovative business ideas addressing real-world problems were selected for the live pitching session. Each startup had a maximum of five minutes for their presentation, followed by a Q&A session with investors. These startups span various sectors, including agritech, Edutech, fintech, waste management, eco-technology, and creative industries. The 21 pitching participants include 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 featured a Demo Day session with 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.
The presence of 21 prominent investors, including 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, underscores the event’s goal of connecting innovation with investment.
In his address, the Chair of LPIK ITB emphasized the importance of events like BSPD in supporting the startup ecosystem in Indonesia, particularly in Bandung, which is increasingly becoming a fertile ground for technology startups. He also announced that following the success of BSPD 2024, LPIK ITB will host the ITB CEO Summit 2024, aimed at bringing together CEOs from various companies to discuss innovation and future business strategies.
After the event, awards were presented to four startups in four categories. Based on judging scores, Frocket received The Most Innovative award, LobSmart received The Best Pitch award, and Winergy and Oripay received The Most Impactful and The Most Marketable awards.
Gloria Galore Sinaga, a Bachelor of Entrepreneurship student from SBM ITB and representative of LobSmart, who won The Best Pitch award, expressed her gratitude: “I’m grateful. We’ve pitched among many students’ business plans before, but at BSPD, LobSmart got to pitch among other startups. It’s quite surprising to be awarded the best pitch.”
Bandung Startup Pitching Day is a crucial platform for startups to showcase their innovations and marks a significant milestone in developing the startup ecosystem in Indonesia. With growing support from various stakeholders, Bandung is expected to continue being a hub of innovation and technology capable of competing on the global stage.
