Endeavor’s presence in Indonesia will start in the capital of Jakarta, located on the island of Java, the most populous of Indonesia’s 17,000 islands. The office plans to expand its presence throughout the country, locating high-impact entrepreneurs in every province.
We are proud to welcome Sati Rasuanto as the new Managing Director. Formerly, Sati served as Chief of Staff to Gita Wirjawan, then Chairman of the Indonesia Investment Coordinating Board and the new Minister of Trade, helping to shape Indonesia’s development agenda and formulating strategies to increase investment flows into the country.
As another major milestone, we are pleased to announce the board of directors, comprised of many of the country’s top business leaders. The complete list appears below.
Endeavor Indonesia has already begun building a Search & Selection pipeline; the first entrepreneur candidate is slated to present at Endeavor’s International Selection Panel next month in Dubai.
“The timing for Endeavor Indonesia couldn’t be better,” says Sati. “Entrepreneurship is really taking off. Just look at the mobile technology industry. Mobile penetration has tripled in the last five years, with the majority of growth coming from a younger, less affluent Indonesia (half of the population is under the age of 29). High-Impact Entrepreneurs are seizing on the opportunities, and more and more people are innovating. Endeavor is poised to play a vital role in cultivating an entrepreneurial ecosystem in Indonesia.”
Cindy Ko from Endeavor, who led the expansion, is currently based in Singapore, Endeavor’s newest regional service office. “With plans to expand in all of the major emerging markets in East Asia,” she says, “it was the right time for Endeavor to be present in the financial & commercial hub of Southeast Asia.”
Announcing Endeavor Indonesia’s Board of Directors:
Founder & Chairman
Austindo Nusantara Jaya
President Director & CEO
Celebes Artha Ventura
Gunung Sewu Kencana
Vice President Director
President & CEO
Triputra Investindo Arya