Indonesia’s Ideabox accelerator kicks off fourth batch

Andy Zain, managing director of Kejora in Indonesia.

Ideabox, one of Indonesia’s longest-running startup accelerators, today announced the participants of its fourth batch.

Andalin is a service to help small-medium-enterprises deal with customs to ease import and export of goods.

Ayo Slide is a marketing tool that lets advertisers place ads on people’s smartphone lock screens.

Sevva banks on the sharing economy. It’s a marketplace that lets you rent out goods instead of selling them. It’s launching with categories for baby items, such as prams and toys, as well as bags, shoes, and photography equipment.

Limiting the number of participants

Unlike in previous years, where up to five startups formed one batch, Ideabox this year limited the number of participants to three.

Andalin, Ayo Slide, and Sevva were chosen from 15 finalists and will undergo a 120-day mentorship program. They receive US$50,000 in seed funding and US$80,000 worth of credits for Facebook marketing, and access to IBM cloud infrastructure worth US$120,000.

Ideabox is a collaboration between Indosat Ooredoo, a telco, local startup hub Kejora, and VC firm Mountain Partners.

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from Tech in Asia https://www.techinasia.com/indonesias-ideabox-accelerator-starts-fourth-batch
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