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Indonesia’s main property developer Sinar Mas Land has launched the City Gateway Fund (UGF).
An early-stage fund, UGF will spend money on promising startups creating full-scale sensible cities within the archipelago, beginning with BSD Metropolis.
The fund will assist startups creating options in six segments of city dwelling applied sciences. They’re mobility and transportation, proptech, information analytics and AI, omnichannel retail (for on-line and brick-and-mortar shops), sustainable assets administration, and sensible metropolis tech.
City Gateway Fund will open entry to an present sensible metropolis ecosystem in BSD Metropolis and different Sinar Mas Land townships via three avenues.
First, UGF with Sinar Mas Land will present a test-bed platform and facilitate the direct integration of concepts and prototype options into Sinar Mas Land’s communities.
Additionally Learn: Getting smarter with tech: How will sensible cities seem like 10 years from now?
Second, City Gateway Fund will present a complete breadth of assist to permit startups to incubate and validate their revolutionary and disruptive options on an city scale.
Third, the fund will present entry to Sinar Mas Land’s management to assist innovation and disruption in its primary enterprise of metropolis improvement and property administration.
Sinar Mas Land will handle City Gateway Fund in strategic partnership with East Ventures, Redbadge Pacific and Prasetia Dwidharma. The fund will assist startup tasks and corporations centered on proptech and concrete dwelling sectors.
GS E&C, a Korean building and improvement chief, may even be an investor and strategic companion within the City Gateway Fund.
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