Yogyakarta, October 18, 2024 – The Jogja Innovator Summit 2024 took place again on Friday at the Auditorium of the Faculty of Mathematics and Natural Sciences (FMIPA) of Universitas Gadjah Mada (UGM), featuring various exciting sessions aimed at inspiring young innovators. The fourth session, titled “VC Insights: How to Build a Fundable Startup,” featured Kenneth Li, Managing Partner at MDI Pte. Ltd, as the keynote speaker.
In this session, Kenneth Li shared profound insights on how to build a startup that attracts venture capital (VC) investors. He emphasized the importance of having a strong business model, a solid team, and a clear growth strategy to secure funding. He also highlighted the use of data and mathematics-based analysis, stressing that startups capable of analyzing market trends and accurately forecasting growth have a much better chance of securing funding. By utilizing predictive mathematical models, startups can forecast market needs, manage risks, and optimize resources effectively.
The session received enthusiastic responses from participants, particularly startup founders and academics interested in developing data-driven businesses. Participants were encouraged to utilize optimization techniques and statistical analysis to enhance operational efficiency and identify potential investment opportunities. With a solid foundation in mathematics, startups can devise more measured strategies to achieve their goals.
The Jogja Innovator Summit 2024 is part of the MIPA Expo 2024, which aims to foster innovation and technological development across various sectors. Through cross-disciplinary collaboration, including the application of mathematics, the event is expected to spark more new ideas that not only contribute to economic growth but also accelerate the achievement of the Sustainable Development Goals (SDGs) in Indonesia, especially SDG 8 (Decent Work and Economic Growth) and SDG 9 (Industry, Innovation, and Infrastructure).
Keywords: Mathematical Models, Business Projections, Optimization
Author: Endang Sulastri