Application is open until 11:59 p.m., Tuesday 3rd November 2020

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HighPitch 2020 National Startup Competition

HighPitch 2020 National Startup Competition is a startup pitching competition on a national scale presented by KEMENPAREKRAF / BAPAREKRAF in collaboration with UMG Idealab and ALTIRA for Indonesia. HighPitch is open for all Indonesian Startups and SMEs that apply systems or technology in their business models and meet the stated criteria

Why join HighPitch?

Fine-Tune Your Idea through Valuable Feedback and Insights from Experts

Take advantage to take a closer look at your product, idea, and innovation, confirm its positioning and attributes fulfil a market need and are on-trend, and create a compelling story that positions it for success. Through an exclusive Bootcamp and Investment Readiness programs, you will grow and develop your business to the next level!

Build Strategic Relationships

It is a perfect networking platform for you to network with other participants, connect with mentors and investors, and learn about new resources available for entrepreneurs. Your company will be visible to a larger audience.

Exclusive Rewards and Opportunities

Ten national finalists will receive various non-financial rewards of exclusive opportunities from our partners including access to the special Investment Readiness program delivered by senior-level partners and experts in the field of business and finance to help you advance and be investment-ready for investors.

Finally, as you’ll meet many investors during HighPitch 2020, you may as well get invested by one or more of them! So, Best Startups of Indonesia, we are ready and awaiting to meet you soon wherever you are in Indonesia…

How it works

1. Application Period​

Submit your online application to the nearest host city from the five (5) regional zones where your startup is located. The zones are: i) Medan, ii) Jakarta, iii) Yogyakarta, iv) Denpasar, and v) Makassar.

HighPitch 2020 team will evaluate and select 10 high-potential startups from each zone where they will have an opportunity to meet investors and join the regional pitching competition.

Application is open until 11.59 PM, Tuesday, 3rd November 2020.

2. Regional Pitching Competition​

Ten (10) selected startups will be invited to their region’s Pitching Competition and given 7 minutes to pitch in front of a jury panel consisting of venture capitals / investors. The jury panel will then select the top two (2) startups from each regional pitching to become the finalists at the national level and join the HighPitch Bootcamp program. National finalists will be announced by 15 November.

Period: 9 – 13 November 2020

3. Immersive Bootcamp​ & Final Pitching​

Top 10 national finalists will receive a special training through HighPitch Bootcamp program to prepare them for a final pitching in front of a panel of experts. Final pitch is expected to be held on 20 November.

Period: 16 – 20 November 2020

4. Exclusive Investment Readiness​ Program

As your reward for reaching the final stage, the 10 national finalists will be given various non-financial rewards including access to the exclusive Investment Readiness program delivered by senior level partners and experts in the field of business and finance to help you advance and be investment-ready for investors.

Period: 23 – 27 November 2020

Startup Criteria

Please read the following submission criteria carefully before submitting your application as failure to comply may disqualify your company from participating in the pitching.

  • Startups/SMEs that are operating in Indonesia that utilize systems or technology in their business models and are involved in the following sectors:
    1. Advertising (Periklanan)
    2. Applications (Aplikasi)
    3. Architecture (Arsitektur)
    4. Culinary (Kuliner)
    5. Fashion (Fashion)
    6. Film, Animation and Video (Film, Animasi dan Video)
    7. Game Development (Pengembang Permainan)
    8. Handicraft (Kriya)
    9. Interior Design (Desain Interior)
    10. Music (Musik)
    11. Performing Arts (Seni Pertunjukan)
    12. Photography (Fotografi)
    13. Product Design (Desain Produk)
    14. Publishing (Penerbitan)
    15. Television and Radio (Televisi, Radio, Broadcasting)
    16. Tourism (Pariwisata)
    17. Visual Arts (Seni Rupa)
    18. Visual Communication Design (Desain Komunikasi Visual)
    19. Agriculture Technology
    20. Health Technology
    21. Financial Technology
    22. Education Technology
    23. Artificial Intelligence
    24. Transportation and Logistics
    25. Information Aggregator
  • Have a business entity (e.g. Perseroan Terbatas)
  • Use systems or technology in the business model
  • Ready to accept investment from individuals or institutional investors
  • Have marketed the product or services and can illustrate tractions (e.g. sales, users, downloads, etc.)
  • Have min. revenue of IDR 100,000,000 with the following tiers:
    • Tier 1: IDR 100 – 500 Million
    • Tier 2: IDR 501 Million – Rp. 1 Billion
    • Tier 3: Over IDR 1 Billion
  • Download Pitch Deck template here



The Ministry of Tourism and Creative Economy / Tourism and Creative Economy Agency, or abbreviated as Kemenparekraf/ Baparekraf, is a ministry within the Indonesian Government in charge of the 18 sectors under tourism affairs and creative economy.

Formed on 24th October 2019 in accordance with Presidential Decree No. 69 the year 2019 which consists of 7 Deputies. Deputy of Industry and Investment has a duty to organize, formulate, and implement policies as well as advance industrial development and investment in tourism and creative economy sectors.

Directorate of Access to Financing is part of the office of Deputy of Industry and Investment. Within this directorate there is a Sub-Directorate of Venture Capital which strives to empower and nurture the Tourism and Creative Economy Ecosystem (including Startups) through supporting the distribution of capital infrastructure by capital owners such as venture capitalists to businesses intermediated by KEMENPAREKRAF / BAPAREKRAF.

UMG Idealab

UMG Idealab is a corporate venture capital and venture builder aiming to develop startup businesses with the ability to nurture and bringing them to the real market and allows them to implement their skill to serve the needs of people and build the nation.

We have currently invested in more than 60 startups across Southeast Asia, primarily focusing on startup firms in Indonesia including Thailand and Myanmar. We are a sector agnostic with a special interest in deep technology and a ticket size range of USD 50,000 to USD 1,000,000,000.


ALTIRA (Alternative Investment Group & Advisory) is an investment platform and innovative finance advisory firm for early to growth stage companies (i.e. Startups and SMEs) focusing on Indonesia and Southeast Asia. ALTIRA is a pioneer in private market investing with long track record in the sector, scaling and opening up access to early and growth stage investing and venture investments to HNWIs, family offices, investment funds and other institutional investors.

ALTIRA is backed by founding organizations including the Netherland’s Ministry of Foreign Affairs Emerging Market Fund, Dutch Good Growth Fund (DGGF); European Impact-Focused Investment Manager, TripleJump; German Development Bank, KFW DEG; and Aavishkaar Venture Management, India’s Pioneer Global Impact Investor to support entrepreneurs and accelerate private, public and philanthropic capital participation in the region. ALTIRA is also founded by the founder of Angel-eQ Investors, Indonesia’s first and premier tech-enabled angel investor network (info@altira.co | IG: altira.sea).

Participating Investors


shinhan futures lab

Application Form

The application is now closed.

Thank you #HighRisers for your great enthusiasm. Organizers will be in touch shortly to announce the finalists for each regional pitching.

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