ANGIN AND HELiX,
FORGING THE LINK BETWEEN INNOVATORS AND INVESTORS
When the AHA Centre planned the Humanitarian Emergency Logistics and Innovation Expo (HELiX), which was held virtually from 24 to 25 May, it sought a partner to work collaboratively with in the event and to connect HELiX with the investment network. Having worked previously with Mr Ilham Nugraha, Resource Mobilisation Officer of the AHA Centre, Angel Investment Network Indonesia (ANGIN) was happy to join HELiX and offer support for particular activities in the event.
ANGIN is always in search of greater innovation in solving key emergency and development issues. This is not just the aim of the ANGIN team but also its investors who are committed to going beyond merely generating financial returns. They, therefore, saw HELiX as a fine opportunity to source and access the pipeline of ideas and innovations across ASEAN. ANGIN provided support by being part of the iPitch judging panel, where it used its experience to best provide an overview of the performance of the contestants’ ideation toward the next stage. ANGIN also extended support by providing coaching sessions for the iPitch winners to strengthen their knowledge and to connect to the investing network in order to sell their ideas.
ANGIN Investment runs the largest early-stage investment platform in Indonesia, acting as a bridge between the investors and entrepreneurs in fundraising. It has invested in more than 110 entrepreneurs leveraging a network of more than 130 investors. Meanwhile ANGIN Advisory provides consulting services to the private and public sectors on key projects related to entrepreneurship and Sustainable Development Goals. It has developed a strong track record in terms of research, program implementation, events and policy advisory.
ANGIN had worked with several partners in Indonesia in terms of emergency response such as COVID-19, migrant integration and even after the 2018 tsunami in Palu, Central Sulawesi, but HELiX was the first time ANGIN had the privilege of collaborating at the regional level.
What ANGIN hopes to achieve is to be able to support more entrepreneurs in their journey to building solutions for disaster management. The team, investors and partners believe they can be instrumental in providing these entrepreneurs with the capital to start and grow their ventures, and the access to key networks and to solid industry insights.
Going forward and in light of the fact that ANGIN has worked with young innovators in many sectors, particularly in innovation, it feels that there is much that can be improved upon in the disaster-management sector, particularly with regard to innovation and youth participation.
First and foremost, what is required is more speed. In disaster management, speed is critical, and ANGIN would like to see greater speed in terms of development, first pilot and full deployment. The development time frame is frequently too long. In the solutions that ANGIN has seen launched in response to COVID-19, the time has been drastically foreshortened and innovations, for instance vaccines and testing, have been launched in months when previously it would have taken years.
ANGIN is also seeking to upscale the reach and depth of impact. Too many innovations remain too “local” and lack the power to be seen being deployed in other regions, issues or among other populations. Scale is really a mindset that entrepreneurs should embrace and ANGIN in collaboration with the AHA Centre hopes to achieve that in the future.
Written by : Ilham Nugraha & Michael Hillary Hegarty