Ideabox Ventures will fill this gap and allow us to help build start-ups into viable businesses,” said Alexander Rusli, Indosat Ooredoo president director and CEO. Other than funding, Ideabox Ventures will also provide go-to-market support and help start-ups to scale up their businesses through providing facilities, mentoring sessions and access to investors. Ideabox Ventures is looking to fund technology start-ups in e-commerce and web services; digital payments and fintech; and the technology and security industries. Ideabox will incubate start-ups in a 120-day program in which they will receive initial funding of up to $50,000. In its past Ideabox programs, Indosat Ooredoo, Mountain Partners and Kejora produced 14 start-ups.

Source: The Nation Bangkok November 25, 2016 06:53 UTC