BTPIP (UPWARD) is a business incubation program organized by Bandung Techno Park that is open to the public, including local communities. The program provides various facilities, including funding for the development of startups participating in the program. UPWARD activities include business assistance, mentoring, coaching, training, workshops, business matching, and pitching/demo day. In addition, participants receive other benefits such as co-working space, marketing support, legal support, pre-seed funding, and access to funding.
Participant requirements: The Startup Grant Program is offered to early-stage technology-based company tenants through a business incubator to undergo the incubation process, making them ready to become profitable and sustainable technology-based startups. Startup founders can be members of Telkom University (students, lecturers, employees, alumni) or the general public.
Requirements for startups applying for grant funding include:
- The startup’s management is an Indonesian citizen.
- The startup’s product is a domestic innovation.
- An individual or group of inventors can only submit one product per year for funding.
- The startup is not participating in a similar program in the same year elsewhere.
- The startup should be at least at Startup Readiness Level (SRL) level 5, meaning it has a validated prototype, has conducted market analysis, and can demonstrate a sufficient user base willing to pay for the minimum viable product (MVP).
- Startups must submit a pitch deck during registration. If the inventor is different from the startup management team, the inventor must create a contract or agreement between the inventor and the startup, outlining the technology transfer from the inventor to the startup, as well as the rights and obligations of both parties.
- There is a Business Incubation Cooperation Agreement (PKS) between the startup and Telkom University, represented by the Bandung Techno Park Directorate.
Some of the startup grants that have been funded include:
- StartUp Payuoge (Digital Transformation for Retail Merchant StartUp)
- StartUp Natural Me
- StartUp Sportgather
- StartUp Eazy
- StartUp Creducent
- StartUp Merempah Indonesia
- StartUp Hai Mentor
- StartUp Seilo
- StartUp Afaslearn
You can find the list of startup programs for incubation and proof of funding eligibility at the following link: View Here