Bekraf Creates an Accelerator Program called "BE-X"

Bekraf announced BE-X accelerator program focused on founder creation and the team that is ready for technopreneurship. In running the initiation, Bekraf partners with Telkom Indigo.

According to the research quoted by Bekraf, the creative economy identified at least 13 issues. Some basic issues are 37.4% on research and development, and 31.56% on education. Bekraf is to answer both issues through this program, for the better digital startup ecosystem in the future.

"In preparing startups to be ready globally, not only infrastructure and knowledge are needed but also an X-factor like extra, excellent, and collaboration. It's the factor we try to create," Ricky J Persik, Bekraf's Deputy Chairman, said on Friday (19/10).

The X factor is necessary for founders and its team to be extra in terms of mental to deal with competition, excellent in ideas, and capable of having collaboration with teams, therefore, create not only a sustainable business but also the large one.

Also attending the BE-X launching, Aswin Tanu Utomo, Tokopedia's VP Engineering. He said joining the accelerator program is an opportunity for startup founders. There is added value, such as investor network, technical capabilities assistance in accelerating business.

"There are many values for founders by following an accelerator program. It's what happened to Tokopedia when they first received investment from East Ventures, investor network plays an important role when William and Leon built the company," he explained.

Registration and submission start today (19/10) until the end of this year. The training to begin early next year.

BE-X accelerator program

BE-X is considered as Bekraf's advanced program of Bekup which focus is pre-incubation of individual training from zero to a team ready for initial incubation.

Jeffry Irawan, Indigo Creative Nation's Head of Acceleration, said BE-X received only seed-level startups. It means, they're already included in one of the seed stages, either in customer validation, product validation, business model validation, or market acceleration.

"Due to startup's different condition on registration, we need to sort them out. Most of the startups are stuck on customer validation, therefore, these four steps act like funnels to create a natural elimination," he said.

BE-X program will be performed in three stages, recruitment, acceleration program, and demo day. In the first stage, Bekraf will select startups from online submission, proposal curation, assessment process, and pitching.

In the acceleration stage, selected participants will get training and development related to marketing, channeling product, and marketing activities from experts. In the last stage, the trained participants will demonstrate in front of VCs and related stakeholders.

Later, the qualified participants will get an opportunity to attend capacity building and access to incubators, investors, and government networks.

"Therefore, Bekraf doesn't provide funding for winners but access to meet investors from VCs and many others," he concluded.

– Original article is in Indonesian, translated by Kristin Siagian