Jakarta: Indonesian early-stage venture capital East Ventures has announced that Triawan Munaf has joined the firm’s leadership as Venture Advisor.
In his new role, Triawan will join the firm in bringing out the best of Indonesian business and help them scale their impacts at a regional level.
Recently appointed as the President Commissioner of Indonesian flag carrier Garuda Indonesia, Triawan is a seasoned politician and entrepreneur with over 30 years of experience in Indonesia’s creative industry.
In 2015, Triawan was appointed by Indonesian President Joko "Jokowi" Widodo as the Head of Indonesian Creative Economy Agency (Bekraf) to lead the newly established ministerial-level agency.
"Digital economy is an important pillar in giving birth to more local entrepreneurs," Triawan said in a press release issued on Tuesday, February 4, 2020.
"I am thrilled to join the leading venture firm that shares the same vision of building a sustainable business ecosystem in Asia, especially Indonesia, and is creating a more inclusive digital economy for the greater society," he added.
During his tenure as the Head of Bekraf from 2015-2019, Triawan launched multiple initiatives and programs namely Bekraf Developer Day (nationwide developer conferences that attract 16,901 young developers across the archipelago), Bekraf Game Prime (the largest B2B and B2C game event in Indonesia), and Piala President Esports (the first national e-sports tournament).
Other programs among others including GoStartup (startup mentoring), Coding Mum (coding training for mothers), Bekraf for Pre-Startup (Bekup), AKATARA (film financing forum), showcasing local startups at SXSW 2018, IKKON (program for creative industry players to develop the creative economy of a designated area), annual publication of Indonesia fashion and design trend forecasting, continuous participation in Venice Bienalle, and many more.
"During his tenure as the Head of Bekraf, Mr. Triawan was known for his friendliness and practicality," East Ventures co-founder and managing partner Wilson Cuaca said.
"Mr. Triawan shares similar values with East Ventures. Together, we want to move even faster in developing Indonesia’s digital economy by leveraging Mr. Triawan’s experience and ability in execution," he added.
Heading into the second decade, East Ventures plans to bolster its portfolio and continue to focus on generating even greater impact for Indonesia’s thriving start-up space. The addition of Triawan is indicative of East Ventures’ steady momentum over the past decade and will further strengthen its position as the leading venture capital in the region.