Telkom Indonesia's latest fund will invest up to $30m in domestic digital technology developers that will be able to connect to other state-owned corporations.
Indonesia-backed, government-owned telecommunications firm Telkom Indonesia has provided $500m for a technology investment fund to be run by its corporate venturing subsidiary, MDI Ventures, DealStreetAsia reported today.
MDI Ventures was originally founded in 2014 and officially launched two years later with $100m in capital to be deployed over a four-year period.
The unit invests in digital advertising and payment technology, cloud computing and big data, mobile apps and e-commerce, the internet of things and technologies that can influence the…
