Hartanto, VP of investments for MDI Ventures, suggested CVCs may have to move to a revenue-centred approach that has helped his unit gain influence within parent company Telkom Indonesia.

The current pandemic has resulted in a significant drop in corporate venture capital (CVC) activities due to their susceptibility to budget cuts and divestments, according to Aldi Adrian Hartanto of telecommunications firm Telkom’s corporate venturing unit, MDI Ventures.

Corporate venturing commitments are usually on a capital-call basis, so units may face hurdles if their parent companies go into survival mode, Hartanto told Global Corporate Venturing. He was named vice-president of investments for Indonesia-based MDI Ventures in February this year.

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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