ACCELERATING INVESTMENT AND GROWTH: LEARNINGS FROM AND THE IDEALS OF INVESTMENT ACCELERATORS FOR VENTURE CAPITAL FIRMS

• Main Author: Anjani Putri, Adelia
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/54636
• Institution: Institut Teknologi Bandung

For the past decade, Southeast Asia has become the next, if not current, global hotspot of technology startups thanks to its fertile digital ecosystem filled with innovative young companies, rapid digital adoption, investment funding from local, regional, and global investors, and active industry players. Among these active industry players are venture capital firms whose role and presence have been significant in the region, including in Indonesia. As the number of fund managers in the region keeps increasing yet the number of high-quality companies are still limited, the competition among venture capital firms to get investors and investees will be more intense in the coming years. These firms – including the company in focus here, Indonesia's Alpha JWC Ventures – have to innovate their conduct and approaches to anticipate for future challenges of ensuring continuity of quality deal sourcing, improving the quality of incoming portfolio companies, and marketing to future Limited Partners and other stakeholders. This project sought whether a tech investment accelerator is something worth exploring to address these challenges and if so, how to do it best. The qualitative research on some of the best investment accelerator programs in the world resulted in key learnings from past investment accelerators surrounding options of financial incentives, program objectives, the importance of organizer's brand, the ideal selection and working dynamics between organizers and participants, and the issues of local versus global context. From there, a new framework called Minimum Viable Investment Accelerator for Venture Capitals (MVIA-VC) is built upon Ghorasi and Ashgar’s Minimum Viable Accelerator (2019) and Kohler’s four aspects of corporate accelerators (2016) in the hope of creating a more comprehensive, updated, and relevant guidelines for today's venture capital firms to build their own and first investment accelerator programs. This project also includes implementation plan for Alpha JWC Ventures which can also be used for other firms with similar situation should they want to explore accelerator programs on their own.