Research-Based Technology Opens Opportunities for the Emergence of Unicorn Companies in Indonesia
Published
JAKARTA – The development of research-based technology has the potential to pave the way for the emergence of startup companies with unicorn status in Indonesia. A unicorn is a term for a startup whose value exceeds one billion United States dollars.
According to information from the Ministry of Higher Education, Science, and Technology, research is one of the important foundations in the development of innovation. Research results from universities and research institutions can be transformed into products or services that benefit society and the business world.
With strong research support, Indonesian startups are expected to be able to compete in the global market. Science-based innovation is also considered capable of creating higher economic value compared with products that rely solely on simple business models.
The development of this research and technology is in line with the government's efforts to strengthen the national innovation ecosystem. The success of these steps still depends on cooperation between the government, higher education institutions, industry players, and investors.
Sources: Kementerian Pendidikan Tinggi, Sains, dan Teknologi
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