The Korea Early Investment Accelerator Association (KAIA, President Jeon Hwa-seong, hereinafter referred to as KAIA) announced that it signed a Memorandum of Understanding (MOU) with KUMPUL (CEO Faye Wongso), an Indonesian startup support non-profit organization, at the C4C Summit held in Jakarta, Indonesia on October 21, 2025 to strengthen cooperation in the startup and venture investment ecosystems of both countries.
Through this agreement, the two organizations agreed to cooperate in various areas, including ▲startup exchange and market entry support ▲joint development of open innovation programs ▲investor networking and discovery of joint investment opportunities ▲hosting joint events and forums ▲exchange of experts and mentors.
KAIA is a non-profit organization authorized by the Ministry of SMEs and Startups, with participation from approximately 300 domestic accelerators and early-stage venture capitalists. Through this agreement, the association plans to lay the foundation for Korean startups to enter the Indonesian market and, through collaboration with local investors and accelerators, establish a "Global Cross-Border Alliance."
KUMPUL is a leading startup accelerator platform connecting startup hubs and communities across Indonesia. It operates a variety of programs, including startup support, regional innovation, investment linkages, and talent development.
Through this agreement, the two organizations aim to establish a practical model for mutual growth and investment cooperation in the startup ecosystem between Korea and Indonesia.
A KAIA official stated, “This MOU will serve as a starting point for the two countries’ startup ecosystems to expand beyond exchanges to include investments and joint programs,” adding, “We plan to continue to actively support the global expansion of Korean startups and accelerators through partnerships with Southeast Asian countries.”
Meanwhile, KAIA and KUMPUL plan to gradually promote joint programs, such as the 'Cross-Border Startup Builders Program' and the 'Investor Alliance Forum', based on this agreement.
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