Jakarta, 17 December 2020 – As part of Endeavor Global network, Endeavor Indonesia is a non-profit organization helping high-impact entrepreneurs overcome challenges and scale up their business. Known as the initiator of the high-impact entrepreneurship movement, Endeavor Indonesia has appointed Arif P. Rachmat (Triputra) as Chairman. To strengthen his leadership, Endeavor Indonesia has named four new board members: Alvin Sariaatmadja (EMTEK), Andre Soelistyo (Gojek), Chng Kai Fong (Singapore Economic Development Board) and Tan Su Shan (DBS Bank). Arif P. Rachmat succeeds Harun Hajadi (Ciputra Group), who has served as Chairman since 2016.
Arif P. Rachmat stated: “I wish to express my deep appreciation to Mr. Harun Hajadi for his immense contributions as a Chairman, mentor and panelist in Local and the International Selection Panel. During his leadership, Endeavor Indonesia has grown in terms of impact, network and collaborative events. I am committed to continuing the wonderful path and achievements that Mr. Hajadi has paved.”
“Endeavor Indonesia Board Members represent a curated group of business leaders and entrepreneurs from a variety of industries and sectors who guide the organization’s mission and growth. We are excited to channel Alvin, Andre, Su Shan, and Kai Fong’s talent, expertise and energy into furthering our mission and extending Endeavor Indonesia as the Pan-Asian,” stated Arif P. Rachmat, Chairman Endeavor Indonesia 2020.
Established in 2012, Endeavor Indonesia is industry agnostics, the organization searches, selects and supports entrepreneurs from the tech-based and tech-enabled industries.
Who are these high-impact entrepreneurs? The World Economic Forum defines high-impact entrepreneurs as a group of people who launch and grow companies with above-average impacts on job creation, wealth creation, and societal impacts in their communities and improve living standards. The mission of Endeavor Indonesia is to champion these entrepreneurs because they hold the key to sustainable economic growth.
Indonesia is experiencing an entrepreneurial boom. The country’s digital economies managed to grow at a double-digit rate, 11%, despite headwinds from the COVID19 pandemic. Jakarta ranked 2nd in the top 100 emerging ecosystem ranking in a report issued by Startup Genome. The report classifies the cities based on their startup ecosystems, and Jakarta ranks ahead of popular hubs like Barcelona, Dubai and Zurich. Google, Temasek and Bain & Company reported that investments in Indonesia’s technology sector in the first half of 2020 totaled $2.8 Billion, a 55% increase in the same period in 2019.
“The figures represent the potential of Indonesia’s entrepreneurial landscape. The number of entrepreneurs will certainly skyrocket if angel investors, venture capitalists, accelerators and other organizations, including Endeavor Indonesia, work together to unlock their potential. Indonesia needs more high-impact entrepreneurs because they spur the country’s development. Mr. President Jokowi stated that at least 14% of the population must engage in entrepreneurial activity to become a developed country. And Indonesia, it is only 3%,” said Arif P. Rachmat.
Gibran Huzaifah is one of Endeavor’s high-impact entrepreneurs. Gibran is the CEO and Co-Founder of eFishery, the first aquaculture intelligence company in Indonesia that helps fish and shrimp farmers.
“Endeavor Indonesia helps me face the increasingly diverse challenges as the business grows. When we started, eFishery’s challenge was to develop affordable and user-friendly products and technology for farmers whose tech-savviness and purchasing power was not as high as those of other sectors. The next challenge was to determine an attractive pricing model to persuade farmers to adopt eFishery. Now, the main challenge as a high-impact entrepreneur is to scale up eFishery and therefore, our product’s impact and values can be beneficial for the wider community.”
Gibran continued: “Endeavor Indonesia assists me in making important business decisions. The organization gives access to experienced mentors and an extensive entrepreneurial network. I had the privilege to learn from other Endeavor Entrepreneurs who had successfully built the business from scratch. Experienced mentors assisted me in responding to challenges related to legal and human resources. Also, I got access to capital through Endeavor Catalyst, which took part in the series B funding that eFishery recently raised.”
Endeavor Indonesia named Gibran Huzaifah and Christian Sutardi (Co-Founder, Fabelio) as Endeavor Entrepreneur of the Year 2020, with Julianto Sidarto (Independent Commissioner, PT XL Axiata Tbk) as Endeavor Mentor of the Year 2020. Endeavor Indonesia has delivered 57 high-impact entrepreneurs from 43 companies. In total, they have created 28,000 jobs and generated $419 Milion in revenues. Carline Darjanto (Cotton Ink), Edward Tirtanata (Kopi Kenangan), Adrian Gunadi (Investree) and Arief Widhiyasa (Agate International) are some of the Endeavor Entrepreneurs.
Endeavor Indonesia connects high-impact entrepreneur with local and global business experts that act as their personal mentors. There are currently 73 active mentors with 436 mentoring hours donated to Endeavor Indonesia’s community. Endeavor Indonesia provides comprehensive accesses to market, capital and talent. In 2020, there were:
- 8 entrepreneurs awarded with access to market (expansion to into and outside Indonesia)
- 6 entrepreneurs awarded with access to capital (through fundraising and Mentor Capital Program)
- 19 entrepreneurs awarded with access to talents (education and fellowship program by Harvard Business School, Stanford Graduate School of Business, MIT-Sloan, INSEAD, etc.)
To apply as an Endeavor Entrepreneur, please visit bit.ly/applyEndeavor.
Arif P. Rachmat (Triputra) has been appointed as the Chairman of Endeavor Indonesia 2020. He succeeds Harun Hajadi (Ciputra Group). To strengthen his leadership, Endeavor Indonesia has named four new board members: Alvin Sariaatmadja (EMTEK), Andre Soelistyo (Gojek), Chng Kai Fong (Singapore Economic Development Board) and Tan Su Shan (DBS Bank).
Arif P. Rachmat, Chairman Endeavor Indonesia
Arif Patrick Rachmat is the Co-Founder and Executive Chairman of Triputra Agro Persada (TAP) Group. He oversees a group of palm oil and rubber with about 40,000 employees and 20,000 smallholders partnerships. As a Board of Director of Triputra Group, he supervises a private holding company with significant investment in various publicly-listed companies such as Adaro Energy, DSN (palm oil and wood), Kirana Megatara (rubber), Assa (mobility and logistic), as well as privately-held groups such as Daya Group (Honda dealership).
Arif P. Rachmat takes a leadership role as the Head of Agri Forestry Department at the Indonesian Chamber of Commerce and Industry (KADIN) and Indonesia Business Association (APINDO). He serves as Chairman of Endeavor Indonesia 2020. He is an active member of the Board of Trustee of Asia Business Council (ABC), Singapore Management University (SMU), and Partnership for Indonesia’s Sustainable Agriculture (PISAgro). In addition, he is a Board of Advisor in The Nature Conservancy Indonesia (TNC Indonesia). In philanthropy and stewardship, he serves as Chairman of GK Indonesia Foundation. He is a member of the Young Global Leaders of The World Economic Forum and Young President Organization (YPO).
Arif P. Rachmat graduated with a Master and Bachelor of Science degree in Operations Research and Industrial Engineering from Cornell University, Ithaca, NY. Upon graduation, he worked for General Electric Company in the U.S. and globally for seven years in various leadership roles.
Four New Board Member Endeavor Indonesia
Alvin W. Sariaatmadja is the President Director of PT Elang Mahkota Teknologi Tbk (EMTEK). Previously, he served as the Director of PT Indosiar Visual Mandiri (2011-2017). Concurrently, he is also the Commissioner of PT Surya Citra Media Tbk (since 2015) and President Commissioner of PT Elang Andalan Nusantara (since 2017). He obtained his Bachelor of Law and Bachelor of Finance degrees from the University of New South Wales, Australia.
Joining Gojek in 2016, Andre Soelistyo has taken pivotal roles in the pursuit of the company’s mission – minimizing the frictions of everyday problems through technology. As the Co-CEO of Gojek, Andre puts his expertise into growing the company into Southeast Asia’s leading mobile on-demand service and payments platform, which acts as a transactional ecosystem that connects millions of customers to millions of driver-partners, merchants, and service providers daily. On Gojek’s day-to-day operations, Andre runs all business functions and manages capital allocation in the company. Prior to joining Gojek, Andre was the Executive Director for Northstar Group – Indonesia’s largest private equity fund. He was previously the Head of Corporate Finance at one of Indonesia’s largest coal mining contractors, PT Delta Dunia Makmur Tbk. Andre received his Bachelor of Science from the University of Technology Sydney in 2005.
Chng Kai Fong was appointed Managing Director of the Singapore Economic Development Board (EDB) in 2017. Before EDB, he was the Principal Private Secretary to the Prime Minister. He had also served in the Ministry of Trade and Industry, Civil Service College, Ministry of Home Affairs, and the Ministry of Communications and Information. As part of the Public Service’s development program, Kai Fong was also seconded for two years to Shell. He graduated from the University of Cambridge with a Master’s in Engineering in 2001 and from Stanford University Graduate School of Business with a Master of Science in Management in 2012. Kai Fong is married with two daughters and a son. In his younger days, he freelanced as a Euphonium player and an amateur conductor. These days, he waves his hands when classical music is playing on the radio, to the bewilderment of his children.
Tan Su Shan is Group Head of Institutional Banking at DBS Bank. She also serves as the President Commissioner for PT Bank DBS Indonesia. Prior to institutional banking, she was responsible for leading the group’s Consumer Banking and Wealth Management business for close to a decade. Before joining DBS, Su Shan was Morgan Stanley’s Head of Private Wealth Management for Southeast Asia. She has also worked at Citibank and ING Barings in London, Tokyo and Hong Kong. The Asset named her one of the six women in Asia who are likely to influence and feature prominently in shaping the banking and associated financial services industry in Asia in 2019. In 2018, she was nominated by Forbes Magazine as a “Top 25 emergent Asian Woman Business leader”. She was also awarded the “Excellence Award” at Her Times’ Women Empowerment Awards 2018, which recognizes women who have contributed significantly to business, community, women empowerment and Singapore-Indonesia bilateral relations. From 2012-2014, she served as a Nominated Member of Parliament in Singapore. She is also an independent board director of Mapletree North Asia Commercial Trust and Aetos Holdings, both Temasek Linked entities, as well as a board member of Central Provident Fund Board (CPF Board). Su Shan is a member of the International Women’s Foundation and the Young Presidents Organisation. On the education front, she is an advisor to Hwa Chong Institution and Lincoln College at Oxford University. She sits on the Board of Trustees for Singapore Management University and was an Adjunct Professor at the National Technological University Singapore. She was the Founder President of the Financial Women’s Association in Singapore, a non-profit organisation she founded and pioneered in 2001 to help develop and mentor women in the financial industry. She graduated with a Master of Arts from Oxford University in the United Kingdom, where she studied Politics, Philosophy and Economics. She has also completed executive leadership courses at Harvard Business School, Stanford Business School and Singularity University.
With the new board members joining, Endeavor Indonesia has in total 12 board members. They are Harun Hajadi (Ciputra Group, Managing Director), Husodo Angkosubroto (Gunung Sewu Kencana, Chairman), Dr. Raoul Oberman (Artemis Impact Pte Ltd, Co-Founder & CEO), Svida Alisjahbana (GCM Group, CEO), Anne Patricia Sutanto (PT Pan Brothers Tbk, Vice CEO), Nick Nash (Asia Partners, Managing Partner & Co-Founder), Pandu Patria Sjahrir (Indies Capital, Managing Partner), Alvin W. Sariaatmadja (EMTEK, President Director), Andre Soelistyo (Gojek, Co-CEO), Chng Kai Fong (Singapore Economic Development Board, Managing Director), Tan Su Shan (DBS Bank, Group Head of Institutional Banking) and Arif P. Rachmat (TAP Group, Co-Founder & Executive Chairman) as Chairman.
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About Endeavor Indonesia
Established in 1997, Endeavor Global footprint covers 37 markets and 59 cities plus 2000+ entrepreneurs and 3000 mentors.
Endeavor Indonesia (since 2012) selects and supports the entrepreneurs who would build great companies and serve as role models for Indonesia’s future generations, and provides them access to best-in-class tools, knowledge and network to help them scale-up.
Endeavor Indonesia Vision 2025 is to be the preferred network for high-growth entrepreneurs in Indonesia through distinct value propositions and a role model on key areas of expertise across the global Endeavor network. With its 71 active mentors representing leaders of well-established companies, Endeavor Indonesia is serving 57 entrepreneurs representing 43 companies through mentoring and wide services of access to market, capital and talent. To learn more and contribute, please visit www.endeavorindonesia.org and our global site at www.endeavor.org.
Information and media contact for Endeavor Indonesia:
Elfitra Augustin | email@example.com | +62856 1082 186