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Indonesia Ranks 33rd Most Startup-Friendly Country

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CEOWORLD magazine released a list of the most friendly countries for startups or startups in 2019. As a result, Indonesia ranked 33 out of 62 countries.

This ranking is determined through a general methodology. The ranking is based on five main metrics of a country’s competitiveness and capability.

CEOWORLD selected 194,976 respondents with 256 indicators drawn from each continent. They asked one simple question, which is the most startup-friendly country in the world this year.

Indonesia startup startups rank CEOWORLD
Indonesia startup startups rank CEOWORLD

The results are ranked one to 10 in a row namely the United States, Britain, Canada, Israel, India, Germany, Poland, Malaysia, Sweden, and Denmark. Meanwhile, at random, France ranked 12th, China ranked 15th, Russia (18th), Japan (23th), Indonesia (33th), Brazil (42th), South Africa (44th) and Turkey ranked 46th.

From this ranking, Indonesia received an overall score of 60 out of 100 with investment and human resources scored 52. Meanwhile, the value of startup research and development in the country reached 56, entrepreneurial infrastructure with a value of 60, technical personnel (55) and policy dynamics with (52) points.

The five evaluation metrics are an investment in human resources, which looks at how much investment has been spent to develop and maintain resources in the future. Second, research and development. This metric examines how a country’s research and development (R&D) capacity is to determine whether facilities are attracting funds and create commercially viable innovations.

“(Third) Entrepreneurial Infrastructure. This determines the level of success in turning research into commercially viable products and services,” wrote the page, as released by Bisnis.com, Wednesday 18 September 2019.

The fourth metric is technical personnel and the last is the dynamics of policies that overshadow startups. Policies produced by the government are believed to provide technological results to assess how effective policymakers and other stakeholders are in dividing regional assets into regional capabilities.

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