Crevisse’s Accelerator Program Tackles Challenges behind Urbanisation

Date

November 20, 2017

3 min read
  • By leveraging on the largest and fastest-growing cities in Asia, Crevisse launches accelerator programs in Seoul, Jakarta, and Ho Chi Minh City.
  • Find out how Crevisse and partners develop their training and screening processes to select startups with great potential
  • Investors, with a strong focus on market-based solutions, can support sustainable and investible startups at Remake City Jakarta.

On 30 November 2017, Remake City Jakarta – a global impact accelerating program by Crevisse Partners (“Crevisse”) – will be presenting an impact demo day, to be held in Gojek auditorium, Jakarta.

As an impact ventures group, Crevisse has been driving impact investment to solve social problems through innovative business and technology. As of 2016, the aggregated revenue of the portfolio companies is USD 15 million – with 30% penetrating the global market, and 60% achieving the follow-on investment. The portfolio companies have reduced more than 3,000 tons of CO2, educated 30,000 students, and managed more than 1.3 billion dollars of NPO endowment creating significant social and environmental impact.

Tackling Social Issues within Urban Communities
1.  Opportunities and Challenges of Urbanization
By launching Remake City accelerating program, Crevisse seeks to find startups with sustainable and innovative solutions for tangible problems in major cities.

Urbanization is inevitable in the process of economic growth, and for many countries, it is happening at such an incredible speed that social problems becoming chronic. On the flip side, businesses can play a significant role in tackling social problems in a more flexible way that go beyond the means of the government. By adopting market-based approaches, business can provide effective and efficient solutions.

Drawing on the awareness that Indonesia and Vietnam are few of the largest and fastest growing cities in Asia, Remake City runs in 3 different cities – Seoul, Jakarta, Hanoi-Ho Chi Minh City.

2.  Rigorous Screening Processes to Ensure Scalability of Projects
Startups who participate in the program receive seed funding, attend sessions (including workshop, coaching and boot-camp across various subjects i.e. business planning, goal setting, prototyping, and pitching) to boost their businesses, and get the chance to pitch at the demo day. Throughout the sessions, the startups will go through 3 screening processes to access their motive and scalability to penetrate mainstream market.

3.  Public-Private Partnerships are Strong Foundations to Spur Vibrant Social Innovation
In August, Remake City Jakarta, kicked off its program, in partnership with the private and public sectors. KOICA (Korea International Cooperation Agency) sponsors the program as part of its impact investing initiative; MYSC (Merry Year Social Company) co-manages the program with Crevisse; UnLtd Indonesia operates the program with strong local presence as a pioneer of social entrepreneurship and expertise in social innovation.

What’s Happening during the Demo Day

Renowned keynote speakers – Setiaji (head of Jakarta Smart City), Ardelia Apti (VP of GO-CAR & Swadaya Program at GO-JEK) and Pradipta Nugrahanto (Editor in Chief of Tech in Asia Indonesia) – will address the theme of ‘High Impact Innovation and Collaboration’ to share their knowledge and insights. More information about the demo day is available on Remake City Jakarta website.

Investors who are looking for innovative startups making notable leaps to solve tangible problems, peer entrepreneurs who have the heart for social impact and determination for market penetration, and the public who wishes to contribute in raising awareness and building the social entrepreneurship ecosystem in Indonesia, are welcome to participate in the event.

Profile of Start-ups


Crowde is a crowdfunding platform that enables farmers to raise working capital from crowd investors with a profit sharing scheme. Investors could invest in agricultural projects with easy and simple investment steps resulting improved accessibility of unbankable famers to working capital. More than 2,500 farmers have been benefited with 350 projects and there are 5,500 investors earning average 15.7% annually.

More info: https://www.crowde.co/


Nazava provides affordable and highly effective water purifiers to improve accessibility to clean water. With a low price of $30, Nazava’s purifiers are highly effective removing 99.9% of bacteria in water. From 2012 to 2015, Nazava’s sales sharply increased at average annual rate of 85% and 350,000 people have been benefited by Nazava.

More info: https://www.nazava.com/en/


Temu provides a low-skill job marketplace platform connecting job seekers and job providers. By providing resume search and headhunting service to job providers and automatic cover letter writing function to job seekers, Temu is trying to solve unstable employment of 110 million low skilled workers in Indonesia. Recently Temu launched its application, Rekan TEMU.

More info: http://temu.co.id/

Profiles of Organisers and Partners

KOICA

Korea International Cooperation Agency (KOICA) has been supporting the sustainable socioeconomic growth of partner countries. From 1992, KOICA has promoted amicable and cooperative relation with Indonesia, reaching the total supporting amount of USD 153.4 million.

Crevisse Partners

Creivsse Partners is an impact ventures group tackling impossible problems of the world through innovative business and technology. Crevisse Partners has built impact ventures in order to catalyze strong market penetration and greater social impact.

Crevisse Partners is also an AVPN member.

MYSC

Merry Year Social Company (MYSC) is a social innovation consulting and investing institution, having cooperated with 47 social ventures and managed numerous projects with 85 social innovation teams. MYSC is also well known as the first impact investor qualifying B Corporation in Korea.

MYSC is also an AVPN member.

UnLtd Indonesia

UnLtd Indonesia is a leading incubation organization of social enterprise in Jakarta. To develop a supportive ecosystem for social enterprises, UnLtd Indonesia has provided mentoring, training and networking opportunities to social enterprises in various sectors including education, fintech, etc.

UnLtd Indonesia is also an AVPN member.


About Author
Wonyoung Kim
Wonyoung Kim Executive Director Crevisse Partners

Wonyoung is a founding member of Crevisse Partners since 2006 and a Crevisse-born executive. Crevisse Partners is an impact ventures group for social innovation and social entrepreneurs. He has expertise in corporate operation and incubation of young entrepreneurs. His vision is to discover social entrepreneurs and help them build their business successfully.

The Impact Ventures Program (“IVP”), an investment program of Crevisse Partners, aims to discover, invest and build capability for impact businesses in area of education, environment, endowment, and entertainment. Wonyoung manages operation of social enterprise incubation and helps each business build a legal entity, plan and forecast finance, value up a company and prepare for investment.

He has invested in impact businesses; D3 Jubilee an impact investment firm (Clients: GreenCar, Hopemakers), Eduplex Education a self-learning education company (100 branches in Korea), Musical Mobydick a 2012 Seoul Musical Festival innovation award winning actor-musician musical (2012 The Musical Awards, 2011 Korea Musical Award), BringYourCup a brand for promotion of tumblers and mobile service platform, Frientrip a travel platform to inspire people to experience the world.

Wonyoung serves as chair of corporate management committee of Crevisse, board of directors of Crevisse Partners, and board of directors of Tree Planet.

He holds Master of Business Administration from Korea Advanced Institute of Science and Technology on Social Entrepreneurship and holds Bachelor of Business Administration from Yonsei University.