Indonesia has 5 cities in the top 1000 and is one of South East Asia’s best countries for setting up a startup.
Since 2023, Indonesia lost 3 spots in the Global Startup Ecosystem Index, having now positioned itself as 41st worldwide.
Indonesia has the largest market size in Southeast Asia and has a young, talented, internet savvy workforce. As one of the most populous countries in the world, Indonesia enjoys the rare advantage of creating massive startups and unicorns that can focus on the low hanging fruit of serving its own domestic economy.
In recent years, improving the country’s connectivity has been a focal point for the public sector. For the startup landscape, this translated into additional government support for tech and IT startups. One example is the government-run accelerator Startup Studio Indonesia that aims to empower the startup ecosystem and digital industry in the country. In addition, efforts have been made to attract investment, reduce the regulatory barriers for establishing a business, and tackle bureaucratic challenges. Supported by these initiatives, Indonesia has become a leader in Southeast Asia for tech investment. Success stories such as J&T Express, Ovo, and Traveloka are more and more common with startups racing to achieve unicorn status. Jakarta is the key startup hub in Indonesia, hosting the aforementioned unicorns, and boasts a high level of entrepreneurial activity as the capital city.
Growth in digital infrastructure, partly accelerated by the COVID-19 pandemic, can be a huge gain for Indonesia’s startup ecosystems. Cities on the Island of Bali have long been attractive to digital nomads. Now, with the digital nomad visa and better internet connectivity, foreign talent may finally have the opportunity to establish their businesses and form startup hubs in Indonesia.
Understand our ranking methodology and get the latest insights on the startup ecosystems of 100 countries and 1000 cities around the world!
Indonesia is ranked within the top 50 startup ecosystems globally.
Indonesia’s startup scene is best represented in Transportation, Ecommerce & Retail, and in and Foodtech.
2023 National Rank & Change | City | Global Rank & Change | Total Score | Quantity Score | Quality Score | Business Score |
---|---|---|---|---|---|---|
1st 0 | 29th + 3 | 24.073 | 00.00 | 00.00 | 00.00 | |
2nd 0 | 386th + 19 | 0.877 | 00.00 | 00.00 | 00.00 | |
3rd + 4 | 874th new | 0.163 | 00.00 | 00.00 | 00.00 | |
4th + 1 | 931st - 27 | 0.140 | 00.00 | 00.00 | 00.00 | |
5th - 2 | 938th - 229 | 0.137 | 00.00 | 00.00 | 00.00 |
On our map, you can explore a total of 81 startups for Transportation.
In South East Asia, Indonesia's Ecommerce & Retail is in top 29. Indonesia has a concentration of about 72 of the region's total Ecommerce & Retail startups that are represented on our map.
Indonesia's Foodtech is ranked 37th in the world. Our database contains 62 for this industry.
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