Jokowi said the potential of the digital economy in Indonesia jumped eight times from around Rp 632 trillion in 2020 to Rp 4,531 trillion later in 2030.
Meanwhile, Indonesian startups are among the sixth highest in the world, after the United States, India, Britain, Canada, and Australia.
"That means the opportunity is huge. This is an opportunity, ladies and gentlemen, especially the young ones because internet users in Indonesia have reached 77 percent ... and use 8 hours 36 minutes every day," said President Jokowi when opening BUMN Startup Day, at ICE BSD City, Tangerang Regency, Banten, Monday, September 26, 2022.
Jokowi emphasized that startup founders should pay attention to market needs because the majority of startups do not succeed because they do not match the needs of the market.
"(As many as) 80 percent to 90 percent of startups fail when pioneering because once again they do not see the existing market needs. They should be based on what the existing market needs are. The second is also due to running out of funds, this will later function as venture capital, the function of SOEs (State Owned Enterprises) so that the large ecosystem that we want to build can be interconnected so that everything is properly accompanied and cannot fail to enter markets, to opportunities that exist in our country," concluded the President.