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Interview

Indonesia wants 20 more unicorns like Go-Jek and Tokopedia by 2025

Tech minister in Davos highlights digital startups in efforts to beef up FDI

The Indonesian government's push to nurture startups is being led by Minister of Communication and Information Technology Rudiantara, left, and Tom Lembong, chairman of the Investment Coordinating Board. (Photo by Kenji Kawase)

DAVOS, Switzerland -- The Indonesian government's focus at the World Economic Forum gathering in Davos is not the rich natural resources that bring in billions of dollars every year. It wants to highlight the country's startups, especially those working with in digital technology. The country has a specific target to drive its efforts -- 20 new unicorns, or privately held companies worth over $1 billion, by 2025.

In an interview with the Nikkei Asian Review, Rudiantara, minister of communication and information technology, vowed, "We want to position Indonesia as digital energy in ASEAN." The largest and most populous member of the Association of Southeast Asian Nations, Indonesia has set its sights on becoming a player in the thriving digital economy, and has decided the way to go about it is to foster startups.

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