Grab, Southeast Asia's leading app, launched the Thinkubator Startup Competition on March 28, 2019, in search of the next decacorn startup for Indonesia. 

Thinkubator is a public-private collaboration between Grab and five government ministries and agencies, including Coordinating Maritime Affairs Ministry, the Office of Presidential Staff [KSP], Ministry of Communication and Information Technology, the Indonesian Investment Coordinating Board [BKPM] & Agency for Creative Economy [Bekraf] to boost the expansion and development of Indonesia’s tech and startup scene. 

1,165 startups have signed up for the program, with teams coming from not only the main cities, but also from East Indonesia and the provinces. Out of the 1,165 startups registered, 150 have been shortlisted and selected to join the conference today that includes workshops and networking opportunities. Out of the 150, 35 of the shortlisted teams have a female founder or co-founder. 6 top finalists will be selected from the shortlisted 150 teams to pitch their ideas in front of a professional panel of top business leaders. The finalists of Thinkubator will have a chance to receive funding from a total pool valued at Rp 3 billion (about $213,400), including access to Microsoft Azure to grow their business. Winners will also benefit from having their profile raised, providing them opportunities to attract further funding and investment from venture firms

As a follow-up to Thinkubator, Grab Ventures Velocity (GVV), Grab's flagship scale-up program for post-seed startups, will soon start accepting their second batch in Indonesia. GVV offers a platform to test and commercialize their solutions with the Grab customer base.