What sectors will drive the most significant growth in the Indonesian start-up ecosystem in 2024?
AC Ventures: Our focus centers on three pivotal sectors: climate tech, fintech and MSME enablement, complemented by sustained growth in healthcare and consumer-oriented industries. These sectors represent strategic pillars where we anticipate significant innovation and market expansion.
MDI Ventures: Globally the hottest tech investment sectors are artificial intelligence (AI) and climate.
AI suddenly rose to the top of the hill ever since the unveiling of ChatGPT3.5 in November 2022. Though we have definitely currently overhyped what AI can do, the reality is not that far behind, and its impact on the world is undeniable.
Climate tech in the form of renewable energy, electrification, carbon suppression, carbon trading, etc are a long time coming into the forefront, but now the demand is undeniable. Climate change is very evident, and everyone is scrambling for solutions to meet the sudden commitments of the world. Again, some are overhyped, as all new techs are, but that’s the way the tech curve always happens.
Globally, Web3 is supposedly the third-most viable hot topic, but so far, it has failed to deliver its promise. And in Indonesia, we will be trailing the curve, so I don’t think this is a driving sector in 2024.
Every Monday
Instead, agritech starts to show promise, as deep technology in improving agriculture, aquaculture and animal husbandry is suddenly starting to show adoption in Indonesia. Note that it is not always about proving a new tech, but in getting a business model that makes such technology adopted by the right people, in Indonesia, this means smallholder farmers.
