BSD City, September 18, 2026 – OneSmile, an integrated smart city community app developed by Sinar Mas Land, has received the Private Sector Innovation/Corporate Smart Initiative/Commercial Solution Provider award at the IN-Apps 2026 Digital Application Award.

The award was presented directly by the Minister of Creative Economy/Head of the Creative Economy Agency of the Republic of Indonesia, Teuku Riefky Harsya, and received by Yohanes Zega, Chief Executive Officer of OneSmile, on September 14, 2026, at Nusantara Hall, ICE BSD City. The recognition was given for OneSmile’s digital initiative in delivering technology-based solutions to improve service quality, efficiency, and connectivity, while creating added value for the community and supporting the development of Indonesia’s national digital ecosystem.

The IN-Apps 2026 Digital Application Award was organized by the Ministry of Creative Economy/Creative Economy Agency of the Republic of Indonesia (Kemenekraf/Bekraf RI) as an appreciation of innovation and the contribution of digital applications toward strengthening the national application ecosystem. A total of 13 award categories were assessed based on six aspects through a curation process conducted by five professional judges representing the government, industry, and academia. At the event, OneSmile was recognized alongside several other national companies and digital platforms, including BCA Mobile, Shopee, Kompas.com, and GoPay. The award ceremony was part of the Indonesia Apps Summit (IN-Apps) 2026, themed “Application as the New Engine of Growth,” and was one of the events leading up to the World Conference on Creative Economy (WCCE) 2026.

Teuku Riefky Harsya, Minister of Creative Economy/Head of the Creative Economy Agency of the Republic of Indonesia, said, “This award is a tribute to innovators who have delivered digital solutions that provide tangible benefits to society while inspiring the creation of further innovations. This is in line with the application subsector, which in 2025 became the largest contributor to investment, amounting to IDR 54.18 trillion out of total creative economy investment of IDR 183.01 trillion, while exports reached USD 31.94 billion. Our success will be measured by the growing number of Indonesian applications that are able to develop, compete, and make their mark on the global stage. We hope that IN-Apps 2026 will mark the beginning of more meaningful and tangible collaborations, both with national and international partners.”

Yohanes Zega, Chief Executive Officer of OneSmile, said, “This achievement is both an appreciation and recognition of Sinar Mas Land’s efforts to leverage technology in delivering digital services that provide tangible benefits to the community. Through OneSmile, we integrate various services for residents, businesses, visitors, and township management into a single platform that supports everyday activities. For us, the success of OneSmile is measured not only by the number of users, but also by how effectively the available services help address residents’ needs more quickly and efficiently. We remain committed to continuously developing OneSmile so that it can make a greater contribution to driving the growth and strengthening of Indonesia’s digital application ecosystem.”

Since its launch in 2021, OneSmile has been implemented in two township developments by Sinar Mas Land, namely BSD City and Grand City Balikpapan, with more than 100,000 users. As a community app, OneSmile integrates various township services into a single application, ranging from billing information and payments for Environmental Maintenance Fees (Iuran Pemeliharaan Lingkungan/ IPL) and water, to community forums, a points-based loyalty program redeemable at various merchants, and a marketing channel for MSMEs. To accelerate access to information, OneSmile also offers Tanya OSA, an artificial intelligence (AI)-powered chatbot that enables users to access information about the township more quickly and interactively.

OneSmile also offers a number of features designed for both residents and the general public. Through Facility Booking, users can book various facilities, including clubhouses, sport clubs, and educational tourism destinations. Meanwhile, the Loyalty feature provides points and vouchers that can be used to redeem food and beverage products and entertainment from participating merchants. For BSD City residents, the BSD Link feature provides schedules and information on free public transportation services, while the CCTV feature allows users to monitor road conditions at several points throughout the area. Various information about BSD City is also available through the Berita BSD, Event BSD, Jelajah BSD, and Satu BSD features. (*)

About Sinar Mas Land

Sinar Mas Land is a property developer in Indonesia with more than 50 years of experience. Sinar Mas Land has developed more than 50 projects across Indonesia, the United Kingdom, and Singapore. Its success in developing property and real estate in Indonesia has also been recognized by independent and credible institutions through various prestigious international awards, including the MIPIM Awards in France (2018), ASEAN Energy Awards (2019 & 2023), Asia Pacific Property Award (2021 & 2023), Cambridge IFA’s Global Good Governance Awards (2021 & 2023), FIABCI World Prix d’Excellence Awards (2022), Asian Experience Awards (2025), Hubexo Asia Awards (2025), PropertyGuru Asia Property Awards (2021–2025), EdgeProp Awards (2025), and MIPIM Asia Awards (2025).

Sinar Mas Land is known as a township or integrated city developer through a number of projects, including BSD City (Greater Tangerang), Kota Wisata & Legenda Wisata (Cibubur), Grand Wisata (Bekasi), Rancamaya Golf Estate, Royal Tajur, Harvest City, and R Hotel (Bogor), Grand City Balikpapan and Balikpapan Baru (Balikpapan), Nuvasa Bay (Batam), as well as Wisata Bukit Mas and Klaska Residence (Surabaya). In Jakarta, Sinar Mas Land also develops various apartment projects, including Aerium Residence, Southgate Residence, and The Elements. In addition, Sinar Mas Land and Sojitz Corporation jointly develop Kota Deltamas, an industrial estate located in Cikarang, Bekasi. The company also develops Karawang International Industrial City (KIIC) together with ITOCHU Corporation.

Beyond residential and commercial developments, Sinar Mas Land is also developing the 60-hectare D-HUB SEZ in BSD City, the only Special Economic Zone in the Greater Jakarta area, focusing on education, healthcare, technology, and the creative economy. Sinar Mas Land also develops Digital Hub, a business enabler ecosystem and Sinar Mas Land’s innovation center that connects startups, multinational corporations, and players in the technology, healthcare, and education sectors across Sinar Mas Land’s projects in Indonesia.

Sinar Mas Land is listed on the Indonesia Stock Exchange through four entities, namely PT Bumi Serpong Damai Tbk (BSDE), PT Puradelta Lestari Tbk (DMAS), PT Duta Pertiwi Tbk (DUTI), and PT Suryamas Dutamakmur Tbk (SMDM). Sinar Mas Land has strong strategic partners, including Sojitz Japan, Aeon, Itochu, Mitsubishi Corporation, Hongkong Land, Hankyu Hansin Property, and Sumitomo Forestry, as well as local partners such as Kompas Gramedia, Kawan Lama Group, Duta Putra Land, Astra Land Indonesia, and Kalbe. For more information, please visit www.sinarmasland.com.

For further information, please contact:

Atikah Sunarya

Vice President of Corporate Communications

Sinar Mas Land

Tel: 021-50368368

BSD City, 26 September 2026 – Living Lab Ventures (LLV) hosted a working visit by Ambassador of Japan to ASEAN, H.E. Mr. Yonetani Koji, at the Biomedical Campus, KEK ETKI Banten, BSD City, on Monday, 21 September 2026. The visit provided an opportunity to strengthen strategic dialogue on business opportunities, business expansion, and innovation collaboration between Japan and ASEAN, particularly Indonesia. During the meeting, the two sides exchanged views on Japan–ASEAN economic relations, including cross-border investment, market access, startup expansion, corporate collaboration, and opportunities to strengthen connectivity between the business and innovation ecosystems in Japan and Southeast Asia.

As an ASEAN-based corporate venture capital and fund management platform, LLV builds connections across global ecosystems, including Japan. The meeting also highlighted the role of the Japan Thematic Fund (JTF), an initiative established by LLV in partnership with Spiral Ventures to strengthen investment and business opportunities between Japan and Southeast Asia, with Indonesia as one of its key markets. Through JTF, Japanese startups and companies gain access that extends beyond funding, providing local market insights, strategic partners, business networks, and go-to-market opportunities to navigate, enter, and scale across ASEAN markets.

Bayu Seto, Partner at Living Lab Ventures, explained, “Japan and Southeast Asia have built strong economic ties over several decades. This relationship provides an important foundation for further collaboration among startups, corporations, investors, and businesses across Japan and Southeast Asia. As the ASEAN economy becomes increasingly integrated, we see the importance of strengthening the connection between international capital and growth opportunities across Southeast Asia. This not only serves as a catalyst for investment, but also creates broader opportunities for companies to access technology, innovation, expertise, and markets across ASEAN. LLV seeks to connect global capital, businesses, and innovation with high-potential investment and growth opportunities in Southeast Asia.”

For companies pursuing cross-border expansion, funding is one part of the process. Understanding local market dynamics, finding the right partners, navigating the business environment, and accessing regional networks remain vital to achieving sustainable growth. Through this approach, LLV combines investment with strategic collaboration to help companies understand new markets and gain access to market-entry opportunities, partnerships, and business development across the region. LLV’s cross-border network also connects companies with stakeholders and opportunities that can support their business expansion.

Based in Indonesia, LLV is supported by an integrated ecosystem in BSD City that enables startups, corporations, investors, and technology partners to interact and explore the application of innovative solutions in the Indonesian market. This approach allows companies to gain first-hand insights into the market and develop solutions suited to local needs before moving on to validation, commercial partnerships, and regional expansion. (*)

About Living Lab Ventures

Living Lab Ventures (LLV) is Sinar Mas Land's corporate venture capital for the agnostic sector in Southeast Asia. The company provides funding, expertise, services, support and an ecosystem focused on entrepreneurs in building companies to the global arena. LLV facilitates startups in a sustainable manner through three main pillars, namely Investment, Advisory & Market Access, and Global Partnership.

As a catalyst for urban transformation in Indonesia, LLV's mission is to drive economic growth, accelerate digital transformation, and expand global reach. LLV is committed to creating a sustainable ecosystem where businesses can grow and the industrial sector continues to grow.

Positioning itself as Indonesia's gateway for global companies, LLV is strategically located in BSD City, a dynamic area full of opportunities. LLV helps global companies expand into Indonesia through innovative approaches and tangible implementation of its ecosystem. By leveraging BSD City's strategic assets and extensive network, LLV has made the area a premier destination for global businesses. This transformation boosts the economy, attracts more visitors, creates jobs, and makes BSD City aleading international hub.

In contrast to companies Venture Capital Traditionally, LLV offers more than just financial investments, and invests in globally minded businesses, fostering high-impact companies with broad expertise and ecosystem. By supporting a diverse portfolio in the fields of technology, healthcare, and Renewable Energy, LLV ensures sustainable economic value and positions Indonesia as the next global enterprise hub. For more information, visit http://livinglab.ventures/.

For more information contact:

Quinta Binar Resista

Head of Public Relations Living Lab Ventures

Tel : 021- 50 368 368

E-mail : [email protected]

As public demand for services that are easy, fast, practical, and integrated continues to increase, the use of technology has become an important part of creating an increasingly comfortable living experience. In response to this need, Sinar Mas Land, through Grand City Balikpapan, continues to strengthen the development of the area as a smart township that integrates technology into various aspects of everyday life.

One of these efforts is realized through the implementation of the OneSmile application, a digital platform that makes it easier for residents to access information and various needs within the area more practically through a single application.

Since July 2026, OneSmile has been implemented at Grand City Balikpapan as part of an effort to provide residents with easier and more integrated area services. At the initial stage, OneSmile provides information on water bills and Environmental Maintenance Fees (Iuran Pemeliharaan Lingkungan/IPL), allowing residents to view billing details and monitor their payment history digitally.

As an integrated smartphone application, OneSmile is also equipped with a customer care feature that serves as a channel for residents to obtain services and information related to their needs within the area.

Franky Najoan, CEO of East Indonesia Sinar Mas Land, said, “Digital transformation is an important part of the development of Grand City Balikpapan as a modern residential area. Through the use of technology, we aim to provide services that are more accessible, efficient, and offer added value for all residents. The implementation of OneSmile is one concrete step toward achieving this, while also supporting our efforts to create an increasingly comfortable living experience.

“This digitalization of services is also expected to create more effective communication between the area management and residents, allowing service needs to be handled more practically and responsively, while supporting the vision of developing a smart township with a one-stop living concept at Grand City Balikpapan.”

Yohanes Zega, CEO of OneSmile, stated, “After being successfully introduced in BSD City in 2021, OneSmile has continued to develop in supporting community needs through integrated digital services. This experience has become the foundation for us to expand the use of OneSmile to Grand City Balikpapan. The presence of OneSmile makes it easier for residents to access various information and services, ranging from the latest news about Balikpapan to special promotions from merchants.

“OneSmile will also soon be integrated with the clubhouse facilities and introduce various features tailored to residents’ needs. Going forward, we hope OneSmile can continue to serve as a digital partner for the community while supporting the transformation of other self-contained cities developed by Sinar Mas Land.”

Built on an area of more than 250 hectares, Grand City Balikpapan is developed by Sinar Mas Land as the first and largest township development in East Kalimantan. Currently, Grand City Balikpapan has developed 11 residential clusters, with a total of approximately 1,500 residential units that are home to nearly 2,000 residents.

The presence of this area also supports the growth of Balikpapan as one of the major cities in East Kalimantan, with facilities that support various community needs. As East Kalimantan becomes increasingly strategic in national development and the development of the Nusantara Capital (IKN), Balikpapan’s position as a center of activity and connectivity in the region also creates opportunities for the growth of residential areas and the need for increasingly integrated living environments.

To date, Sinar Mas Land continues to encourage digital transformation across all township development projects in Indonesia to provide services and products that are increasingly relevant to the community. This effort is realized through the development of technology-based infrastructure and services, ranging from the provision of fiber-optic networks and traffic monitoring through a traffic command center, to improved mobility through integrated public transportation facilities.

This development is further strengthened by integrated digital platforms such as OneSmile, which provide communities with easier access to various information and area services through a single platform.

BSD City, August 27, 2026 – Demographic shifts and growing public awareness of health are driving changes in healthcare and wellness services across Southeast Asia. The World Health Organization (WHO) projects that the proportion of people aged 60 and above in Southeast Asia will nearly double, from 11.3% in 2024 to 20.9% by 2050. This demographic shift is further increasing the need for more integrated and patient-centric healthcare systems, with services spanning the full health journey, from prevention and early detection to treatment, rehabilitation, and long-term care.

In response to these opportunities, Living Lab Ventures (LLV), Sinar Mas Land’s corporate venture capital and fund management platform, together with Spiral Ventures as co-general partners, has invested in Bumame and TWO Inc. through the Japan Thematic Fund (JTF). The investments reflect JTF’s strategy to foster cross-border innovation between Japan and Indonesia by supporting companies that strengthen the healthcare and wellness ecosystem. Beyond providing capital, the program also gives portfolio companies access to strategic networks, corporate partnerships, and market expansion opportunities across Indonesia and Southeast Asia.

Japan Thematic Fund Drives Healthcare Collaboration Between Japan and Indonesia

Bayu Seto, Partner at Living Lab Ventures and Executive Manager of Japan Thematic Fund, said, “JTF was established to bridge Japan’s capabilities and innovation with growth opportunities in Indonesia through partnerships that create long-term value for both countries. Our investments in Bumame and TWO Inc. reflect this approach, where we are not only supporting business growth but also creating opportunities for the exchange of technology, expertise, and networks to strengthen more preventive, personalized, and integrated healthcare solutions. Moving forward, we aim to expand cross-border collaborations that connect the strengths of Japanese and Indonesian businesses while driving relevant and highly competitive innovations for the Southeast Asian market.”

As the healthcare sector increasingly shifts toward prevention, personalization, and integrated services, JTF invests in companies with complementary capabilities to help build a more comprehensive healthcare ecosystem, spanning prevention through long-term healthcare services. In this context, Bumame has emerged as a leading integrated healthcare provider in Indonesia, offering diagnostic services, clinical laboratories, medical check-ups, home healthcare, digital health solutions, and various preventive healthcare programs.

James Andrew Wihardja, CEO of Bumame, said, “This investment marks an important step for Bumame in expanding the healthcare services we have built, not only by increasing our capacity but also by developing solutions that are increasingly integrated and accessible. We see our partnership with JTF as an opportunity to combine our technology capabilities and understanding of the Indonesian market with the global network and perspectives of our partners, with the hope of accelerating innovation and reaching more people who need access to international-standard healthcare.”

This approach is also reflected in the investment in TWO Inc., the Japanese company behind the 2foods brand, which develops functional food products based on nutritional science, consumer research, and product innovation. While Bumame strengthens access to healthcare services, TWO Inc. complements this approach through prevention that begins with daily nutrition and lifestyle choices. Leveraging Japan’s experience in food innovation and longevity, TWO Inc. has the opportunity to deliver solutions that are relevant to consumer needs in Indonesia and Southeast Asia.

Yoshikazu Azuma, CEO of Tokyo’s 2foods, added, “Indonesia is a highly attractive market for TWO as changing lifestyles and growing health awareness are creating opportunities for innovation in food and wellness. Our partnership with JTF gives us an opportunity to bring the experience and approaches we have developed in Japan to a broader market while learning from the needs of Indonesian consumers. We see this collaboration as a first step toward building a wellness business that can grow from Indonesia into markets across Southeast Asia.”

D-HUB SEZ Supports the Development of the Healthcare and Technology Ecosystem

JTF is part of LLV’s long-term mission to strengthen BSD City as an ecosystem for digital innovation and smart city development in Indonesia. With Sinar Mas Land’s business network across real estate, digital technology, and community development, LLV can support portfolio companies in testing and developing solutions, scaling their businesses, and building partnerships with corporations in both Indonesia and Japan. Together with Spiral Ventures, LLV continues to drive cross-border collaboration connecting Japanese innovation with growth opportunities across Southeast Asia, while creating space for new solutions and broader economic opportunities to emerge.

The investments are also aligned with the development of the Banten Special Economic Zone (SEZ) for Education, Technology, and Health (ETKI Banten), also known as D-HUB SEZ in BSD City, which focuses on education, healthcare, digital technology, and the creative economy. The zone strengthens connectivity among healthcare providers, technology companies, startups, research institutions, investors, and industry partners within a collaborative environment.

More broadly, the connectivity between LLV’s business network, JTF, and the D-HUB SEZ ecosystem is expected to accelerate the development of innovative healthcare solutions while creating opportunities for cross-border collaboration that brings technology solutions and expertise from Japan, as well as global networks, into the Indonesian market.

BSD City, August 3, 2026 – Living Lab Ventures (LLV), the corporate venture capital (CVC) arm of Sinar Mas Land, has entered into a strategic partnership with PT Nihon M&A Center Indonesia (NMAI), part of Nihon M&A Center Holdings Inc. The partnership was formalized through the signing of a Memorandum of Understanding (MoU) by Bayu Seto, Partner at Living Lab Ventures, and Kosuke Kawata, President Director of PT Nihon M&A Center Indonesia, on Friday (July 31) at the Sinar Mas Land Marketing Office in BSD City.

Through this partnership, LLV and NMAI will strengthen investment connectivity while creating greater opportunities for business growth and expansion between Indonesia and Japan. As a Japanese merger and acquisition advisory firm with more than three decades of experience, Nihon M&A Center has a strong track record in facilitating domestic and cross-border transactions, supported by its growing network across ASEAN and extensive relationships with Japanese companies, financial institutions, and investment partners.

The partnership comes amid increasingly strong economic and investment ties between Indonesia and Japan. According to data from the Ministry of Investment and Downstream Industry/BKPM, Japan’s foreign direct investment (FDI) realization in 2025 reached US$3.12 billion, equivalent to approximately IDR 50 trillion. This trend reflects strong investor interest in Indonesia’s market potential while creating broader opportunities for Indonesian companies and startups to establish strategic collaborations with Japanese partners.

Building on this momentum, Living Lab Ventures has partnered with Nihon M&A Center Indonesia (NMAI), backed by its group’s experience in facilitating more than 10,000 merger and acquisition (M&A) transactions. Through this collaboration, LLV will leverage NMAI’s network of corporations, investors, and business ecosystem to identify investment opportunities and expand access for Indonesian companies and startups to the Japanese market.

Strengthening LLV’s Role as a Cross-Border Investment Platform

Bayu Seto, Partner at Living Lab Ventures, said, “Japan has long been one of Indonesia’s most important strategic partners in investment and business development. Through our collaboration with PT Nihon M&A Center Indonesia, we gain access to one of Japan’s largest M&A networks, enabling us to connect Indonesian companies and startups with Japanese corporations and strategic investors more effectively. This partnership further strengthens LLV’s role as a cross-border investment platform while creating broader opportunities for collaboration, investment, and long-term business growth between Indonesia and Japan. Based in BSD City, one of Indonesia’s leading innovation ecosystems, LLV actively connects global companies, investors, and businesses with opportunities for collaboration and expansion in one of Southeast Asia’s fastest-growing economic regions.”

Kosuke Kawata, President Director of PT Nihon M&A Center Indonesia, added, “We are honored to establish a partnership with LLV, the strategic investment arm of Sinar Mas Land, one of Indonesia’s leading property groups. This collaboration marks an important step in strengthening our activities in Indonesia while expanding opportunities for cross-border investment, mergers, and acquisitions between Indonesia and Japan. By combining LLV’s investment capabilities and strong ecosystem in Indonesia with our network of Japanese corporations and advisory expertise, we hope to create long-term value and support business growth in both countries.”

Supporting Japanese and Indonesian Companies

As part of the partnership, both parties will support Japanese companies seeking to expand their businesses in Indonesia while providing broader access for Indonesian companies to establish partnerships with strategic investors and corporations in Japan. The collaboration will be carried out through regular strategic discussions, joint project development, and the appointment of representatives from each party to ensure that initiatives are implemented effectively. Any collaboration opportunities identified through the partnership will be followed up through definitive agreements based on the needs and strategic interests of both parties.

This partnership further strengthens Living Lab Ventures’ position as an investment platform connecting Indonesia’s innovation ecosystem with global business networks. By combining Sinar Mas Land’s integrated business ecosystem with Nihon M&A Center’s extensive corporate network, LLV continues to strengthen its role in facilitating cross-border investment, business collaboration, and innovation between Indonesia and Japan, while creating more opportunities for companies from both countries to grow and expand into international markets.

Since its establishment in 2020, LLV has continued to strengthen its role as an investment platform supporting the growth of startups and high-potential companies through strategic investment, access to business ecosystems, and global partnership networks. To date, LLV has managed more than US$100 million in funding and company portfolios, allocated to support investment opportunities and business growth across various sectors. Based in BSD City, LLV continues to expand connectivity between startups, corporations, investors, and global partners to foster innovation, enable business collaboration, and unlock growth opportunities across regional and international markets.

Through its Japan Thematic Fund (JTF), Living Lab Ventures supported TECH BEAT Shizuoka 2026, one of Japan’s leading innovation events, bringing together more than 190 startups, global corporations, investors, and government leaders to explore emerging technologies shaping the region’s future.

The event provided a platform for participants to discover new technologies, exchange perspectives, and explore opportunities for collaboration across industries. Business matching sessions further enabled startups, corporations, and investors to connect directly, exchange ideas, and identify potential areas for strategic partnership.

The participation of Japan Thematic Fund reflects Living Lab Ventures’ ongoing commitment to strengthening the Indonesia–Japan innovation ecosystem. By connecting stakeholders across both markets, JTF creates opportunities for startups and enterprises to expand their networks, explore new markets, and build meaningful cross-border relationships.

Through initiatives such as its Japan Thematic Fund, Living Lab Ventures continues to foster connections between Japan and Southeast Asia, supporting the exchange of innovation, business opportunities, and strategic partnerships across borders.

Living Lab Ventures has launched Capital Access Network (CAN), a curated global community designed to connect VCs, CVCs, family offices, angel investors, and fund managers from around the world. The initiative brings together investors across different markets to foster greater connectivity and collaboration within the global investment ecosystem.

CAN is designed to create opportunities for members to share deal flow, discover co-investment opportunities, and build trusted cross-border relationships. By connecting investors with complementary interests and networks, the community aims to facilitate meaningful conversations and create pathways for collaboration across markets.

As an initiative by Living Lab Ventures, CAN reflects the organization's broader commitment to strengthening connections across the investment ecosystem. Through a curated network of qualified investors, the platform provides a space for members to exchange opportunities, expand their networks, and explore potential investment partnerships beyond their local markets.

Membership is free and open to qualified investors worldwide, providing an opportunity for investors to become part of a growing global community. As the network continues to expand, CAN aims to contribute to a more connected and collaborative investment ecosystem by bringing together investors and opportunities across borders.

Join Capital Access Network (CAN) and become part of a growing community of global investors.

BSD City, May 12, 2026 – As part of its efforts to strengthen the innovation ecosystem and foster global collaboration, Living Lab Ventures (LLV), the corporate venture capital arm of Sinar Mas Land, continues to expand its International Landing Pad program as a soft-landing platform for global companies seeking to enter Indonesia’s high-potential market. The program is designed to provide access to strategic resources, structured market insights, and connections with startups, industry partners, and business networks across the Sinar Mas Land ecosystem.

International Landing Pad Offers a Soft-Landing Solution for Global Companies

Powered by BSD City’s ecosystem as a living laboratory and implementation sandbox, the International Landing Pad program has welcomed 15 technology companies from six Asia-Pacific countries, including Japan, Australia, Taiwan, South Korea, Singapore, and Malaysia. The initiative has also received full support from the Ministry of Creative Economy/Creative Economy Agency as part of efforts to accelerate the transformation of the startup economy, promote technology transfer, and strengthen the competitiveness of Indonesia’s digital economy.

Tri Wahyudi, Director of Applications, Deputy for Digital Creativity and Technology, Ministry of Creative Economy/Creative Economy Agency, said, “LLV’s International Landing Pad initiative represents a strategic step toward attracting quality investment into the application subsector. The program is expected not only to create opportunities for collaboration with global companies, but also to facilitate technology transfer, strengthen the capabilities of local digital talent, and accelerate the growth of innovation-driven startups in Indonesia. The government will continue to support this ecosystem through regulatory support, partnerships, and talent development to further strengthen Indonesia’s competitiveness on the global stage.”

BSD City Serves as a Living Laboratory and Innovation Sandbox

The International Landing Pad provides workspace for up to two representatives from each participating company for a period of six months, along with access to various facilities across BSD City’s innovation ecosystem, including collaborative workspaces, community hubs, makerspaces, and innovation hubs. Through this integrated environment, participants can engage directly with industry players, startups, and innovation communities, while taking part in networking activities to build strategic partnerships. The ecosystem also enables companies to gain a deeper understanding of Indonesia’s market dynamics and identify opportunities for collaboration with local partners in a more targeted manner.

Bayu Seto, Partner at Living Lab Ventures, said, “We see many global companies viewing Indonesia as a market with significant growth potential. However, entering the market often comes with challenges, particularly in understanding local market dynamics and building the right connections. Through the International Landing Pad, we aim to provide a platform that helps global companies explore opportunities in Indonesia and test their solutions, while giving them access to relevant startup ecosystems, industry partners, and business networks within an integrated environment. Through this approach, companies gain not only market access, but also a stronger foundation to test their business models, accelerate validation, and establish the right strategic partnerships from the outset.”

A key advantage of the International Landing Pad is its integration with BSD City, a 6,000 hectare mega township developed by Sinar Mas Land with a population of more than 500,000. The self-contained city offers an integrated modern ecosystem spanning residential, commercial, education, healthcare, retail, and entertainment facilities. This ecosystem is further supported by a range of technologies relevant to industrial and urban (smart city) solutions, including advanced materials & construction solutions, smart infrastructure & building systems, environmental & sustainability technology, industrial applications, and urban technology solutions.

Through the program, LLV provides a collaborative model that enables global investors and innovators to establish a stronger and more sustainable presence in Indonesia. By strengthening its strategic collaboration-driven investment approach, LLV reaffirms its role as a platform connecting global capital, innovation, and local ecosystems through sustainable partnerships—accelerating urban innovation while creating a more strategic and structured pathway for global investors to participate in Indonesia’s growth.

The International Landing Pad (ILP) by Living Lab Ventures is designed to support global companies entering Indonesia's innovation ecosystem through a soft-landing environment in BSD City. The program provides international startups and businesses with access to workspace, curated networking opportunities, market insights, and introductions to the broader Living Lab Ventures and Sinar Mas Land ecosystem, enabling them to validate their solutions and explore opportunities for business growth in Indonesia.

By connecting global innovators with corporate partners and business units, the International Landing Pad creates opportunities for companies to better understand local market dynamics while identifying potential use cases within one of Indonesia's leading integrated smart cities. Through direct engagement with industry stakeholders, participants are able to explore practical pathways for collaboration and market expansion.

Recent engagements demonstrate how International Landing Pad members are actively exploring opportunities within the BSD City ecosystem. AquaOptima from Taiwan visited the Water Treatment Plant Sampora to gain a deeper understanding of local water infrastructure and explore how its technology could contribute to water management initiatives in BSD City.

Meanwhile, UnicornShift from Australia met with Project Service and Support (PSS), Sinar Mas Land, to discuss how its platform could support coordination between project owners and contractors across development projects. Assemble Point from Japan also engaged with the BSD Link team, the free shuttle bus service operating across BSD City, to better understand existing mobility operations and explore potential opportunities in electric vehicle (EV) and smart mobility initiatives.

Through the International Landing Pad, Living Lab Ventures continues to foster cross-border collaboration by connecting global companies with local ecosystem partners, creating opportunities for innovation, validation, and sustainable business growth in Indonesia.

BSD City, March 17, 2026 – Living Lab Ventures (LLV), the corporate venture capital arm of Sinar Mas Land, is creating opportunities for global technology companies to test and commercialize their innovations in Indonesia through InnoLab, a co-innovation platform designed to facilitate technology implementation and proof-of-concept (PoC) development within an integrated ecosystem.

One of the global technology companies currently leveraging InnoLab is Nitto Denko Asia Technical Centre. The collaboration demonstrates how global companies can explore technology applications and develop PoCs within a real-world, integrated ecosystem in Indonesia. InnoLab is designed not only as a platform for collaboration, but as an execution platform that provides a structured pathway from technology exploration to market readiness.

Through InnoLab, global companies gain access to a curated network of startups and industry partners, as well as business matching tailored to their strategic and operational needs. The platform also enables companies to develop city-scale PoCs, allowing technology solutions to be tested in real-world settings. Companies can assess market readiness before pursuing broader expansion, while receiving direct implementation support across the Sinar Mas Land ecosystem. This approach provides a more structured pathway for global companies to validate their technologies while accelerating their journey toward commercialization in the Indonesian market.

LLV Drives Validation and Localization of Global Technologies

Bayu Seto, Partner at Living Lab Ventures, said, “We see many global companies with highly mature technologies that need the right platform to localize and validate their solutions in the market. InnoLab provides a structured framework that enables this process to move quickly, measurably, and in response to real industry needs. We welcome companies from around the world that are looking to test and further develop their technologies in Indonesia.”

Ryota Masuda, President at Nitto Denko Asia Technical Centre, said, “Through InnoLab, we have received strong support in networking, business development, and ecosystem building, and we are already seeing tangible progress across several PoC initiatives. With its large population and openness to new ideas, Indonesia offers a highly attractive environment for creating new businesses and accelerating their implementation. We also greatly appreciate Sinar Mas Land’s efforts in driving digital transformation and hope that our collaboration with InnoLab will further accelerate the journey from validation to commercialization in the Indonesian market.”

A key advantage of InnoLab lies in its integration with BSD City, a 6,000-hectare mega township developed by Sinar Mas Land with a population of more than 500,000. The ecosystem encompasses a wide range of technology areas relevant to industrial and urban solutions, including advanced materials & construction solutions, smart infrastructure & building systems, environmental & sustainability technology, industrial applications, and urban technology solutions.

Sinar Mas Land Strengthens Its Digital and Innovation Ecosystem

On the same occasion, Mulyawan Gani, CEO of Digital Business at Sinar Mas Land, added, “We are developing BSD City as a living laboratory where innovations can be tested in real-world settings and at scale. With an integrated ecosystem spanning residential, commercial, education, and industrial areas, we are able to facilitate a range of PoC models directly within the city. We invite global companies looking to make Indonesia a strategic market to leverage InnoLab and BSD City as platforms for technology validation and commercialization.”

LLV welcomes technology companies from various sectors and countries to leverage InnoLab as a platform for testing and developing their solutions in Indonesia. Through the ecosystem, companies can test solutions within the local market context, accelerate technology validation, develop partnerships with local startups, and build long-term commercialization pipelines.

With its open, industry-driven approach, InnoLab provides a strategic platform for global companies looking to move beyond innovation and into real-world implementation in the Indonesian market.

On February 11, 2026, Living Lab Ventures hosted the Living Lab Ventures Corporate Update and Media Briefing, bringing together media partners to share the company's latest strategic direction and outlook. The session served as an opportunity to communicate Living Lab Ventures' continued evolution as the corporate venture capital arm of Sinar Mas Land and its growing role in enabling innovation through strategic investment and global collaboration.

During the briefing, Living Lab Ventures highlighted the expansion of its fund management capabilities, strengthening its ability to facilitate more structured capital allocation while fostering deeper collaboration with global partners. This strategic evolution reflects the company's commitment to building a more integrated investment platform that supports innovation and accelerates long-term value creation across priority sectors.

The session also outlined Living Lab Ventures' collaboration-based investment strategy, which emphasizes structured capital allocation, ecosystem alignment, and sector-focused expertise. By bringing together startups, corporates, investors, and strategic partners, the company aims to create scalable, sustainable, and impact-driven outcomes that address real market opportunities.

Healthcare was presented as one of Living Lab Ventures' strategic sector priorities, recognizing that long-term innovation in healthcare requires trusted partnerships, cross-sector collaboration, and strong ecosystem integration. Through this focus, Living Lab Ventures seeks to support solutions that are responsible, practical, and aligned with the evolving needs of the market.

As Living Lab Ventures enters this next phase of growth, the company continues to strengthen its role as a cross-border fund management platform, connecting startups, corporates, investors, and global partners to accelerate innovation and drive sustainable impact across Indonesia and Southeast Asia. The event concluded with appreciation for the media partners whose continued engagement and collaboration help amplify the shared vision of building a stronger innovation ecosystem.

BSD City, February 3, 2026 – As digital transformation accelerates and demand grows for innovations that can be applied in real-world settings, collaboration between corporations and startups has become increasingly important. In practice, however, many innovation initiatives remain at the idea or concept stage and require further development through pilot projects, mentorship, and access to relevant networks and resources to reach effective implementation.

Addressing this need, Living Lab Ventures (LLV), the corporate venture capital arm of Sinar Mas Land, hosted Inside LLV on January 27, 2026, at the Digital Experience Center (DXC), BSD City. The event was designed to provide partners, ecosystem players, and corporate stakeholders with a comprehensive understanding of LLV’s role in connecting corporations, investors, and startups within an innovation ecosystem focused on practical collaboration and real-world implementation.

Mulyawan Gani, Chief Transformation and Data Officer at Sinar Mas Land, said, “Inside LLV serves as a bridge between corporate business needs and startup innovation. Through this ecosystem, we want to ensure that collaboration goes beyond investment and continues through testing, implementation, and the creation of tangible value for all parties involved. We believe impactful innovation comes from collaboration that is relevant and grounded in real-world needs. We position BSD City as a living lab where solutions can be tested directly in actual operating environments, supported by Sinar Mas Land’s comprehensive and active ecosystem—from area development and infrastructure to diverse business lines that enable end-to-end testing in real-world use cases.”

Inside LLV Showcases Living Lab Ventures’ Collaborative Approach

Inside LLV featured a series of panel discussions offering a comprehensive view of LLV’s approach to building an integrated collaboration ecosystem. Discussions covered topics including Strategic Investing Through Collaboration and Beyond Capital, Beyond the Deal, as well as sessions on Global Partnership and SEA Business Connect, highlighting cross-border collaboration opportunities and strategies for entering Southeast Asian markets.

Beyond the presentation sessions, the event encouraged direct interaction between participants, the LLV team, founders of portfolio startups, and ecosystem partners. These conversations explored potential areas of collaboration, opportunities to apply innovative solutions, and shared business challenges that could be addressed through the LLV ecosystem.

Living Lab Ventures’ Approach to Supporting Startups

Bayu Seto, Partner at Living Lab Ventures, said, “Through Inside LLV, we aim to put into practice our broader mission of serving as a meeting point between corporate needs, startup innovation, and strategic capital. The discussions during the event explored opportunities for concrete collaboration, real world applications, and solutions to business challenges by leveraging the strength of the LLV ecosystem. They also highlighted our approach to supporting startups, not only through funding, but also through market access, integration with business operations, cross-border opportunities, and the ability to test solutions in real world use cases across the Sinar Mas Land business environment. This approach enables startups to validate their solutions while accelerating business development and scale.”

Hendry Sunaryo, Partnership & Innovation Head at PT Bank Danamon Indonesia Tbk, added, “The Japan Thematic Fund (JTF), through its Limited Partners such as Bank Danamon, part of the MUFG Group, brings together global industry players with strong regional and international networks to drive startup collaboration. JTF views partnerships not simply as a source of funding, but as a catalyst for the broader ecosystem. Through Inside LLV, startups gain not only access to capital, but also cross-border collaboration networks, deeper market insights, and operational support from partners in Japan and Southeast Asia. This enables them to grow and expand more sustainably across different markets.”

Inside LLV as a Catalyst for Sustainable Innovation

Through Inside LLV, LLV reaffirms its commitment to building an open, adaptive, and sustainable space for collaboration among ecosystem stakeholders. Moving forward, this ecosystem is expected to serve as a catalyst for innovative solutions that are not only technologically relevant, but also aligned with business needs and evolving market dynamics.

By leveraging the strength of the BSD City ecosystem and Sinar Mas Land’s broader network, LLV creates opportunities for strategic collaboration that can drive shared growth and generate tangible impact across Indonesia’s industries and innovation ecosystem, while strengthening connections across the wider region.

On January 27, 2026, Living Lab Ventures hosted INSIDE: Living Lab Ventures, a session that brought together corporates, capital partners, and startups to explore how stronger collaboration between Japan and Southeast Asia can create sustainable, long-term value. The event served as a platform for meaningful dialogue, enabling participants to exchange perspectives on regional opportunities, strengthen relationships across the innovation ecosystem, and discuss how strategic partnerships can support business expansion and long-term growth.

A key highlight of the program was the panel discussion "Navigating the SEA Landscape: Strategic Fund Management and Market Dynamics," which explored the evolving investment landscape across Southeast Asia. The session examined how strategic fund management, changing market dynamics, and corporate engagement intersect to shape innovation and investment opportunities throughout the region, while also highlighting the importance of cross-border collaboration in supporting sustainable growth.

The discussion featured presentations by Living Lab Ventures, Spiral Ventures (part of Spiral Capital Japan), and PT Bank Danamon Indonesia Tbk (part of MUFG), with moderation by P4G. Each organization shared its perspective on the region's investment landscape, providing valuable insights into the role of strategic capital, ecosystem collaboration, and regional partnerships in driving innovation across Japan and Southeast Asia.

Through INSIDE: Living Lab Ventures, the event reinforced the importance of bringing together investors, corporates, and startups to foster stronger cross-border collaboration. By creating opportunities for knowledge exchange and strategic dialogue, the session reflected Living Lab Ventures' ongoing commitment to connecting global partners, supporting regional innovation ecosystems, and advancing long-term collaboration between Japan and Southeast Asia.

Living Lab Ventures, in collaboration with PT Forval Indonesia, successfully hosted the KOBE Tech Innovation Forum at BSD City on January 20, 2026, bringing together Japanese companies, ecosystem partners, and key stakeholders to explore collaboration opportunities across Indonesia and Southeast Asia.

The forum opened with welcoming remarks from Mr. Koichi Iwao, Director of the Kobe Overseas Business Center, and Mr. Cahyo Purnomo, Investment Promotion Director at Indonesia Investment Coordinating Board (BKPM), highlighting the importance of strengthening economic cooperation and fostering innovation between Japan and Indonesia.

Throughout the session, participants engaged in open discussions on market entry strategies, partnership pathways, and innovation-driven business expansion. The forum provided a valuable platform for Japanese enterprises and regional ecosystem players to exchange perspectives, identify potential synergies, and build meaningful relationships that can develop into long-term strategic partnerships.

Held in collaboration with Invest in Kobe and the Japan Thematic Fund, the event reflected a shared commitment to strengthening Japan–Indonesia innovation ties and supporting cross-border collaboration. By facilitating dialogue between businesses and ecosystem partners, the forum reinforced Living Lab Ventures' mission to connect global innovators with regional opportunities and accelerate sustainable growth across Southeast Asia.

BSD City, November 6, 2025 – Living Lab Ventures (LLV), the corporate venture capital arm of Sinar Mas Land, in strategic partnership with Spiral Ventures, has announced the launch of the Japan Thematic Fund, a strategic initiative designed to strengthen economic collaboration and unlock new opportunities for growth between Japan and Southeast Asia, with Indonesia as a key focus market.

The launch also marks the fund’s first close, formalized through the signing of a Memorandum of Understanding (MoU) on Wednesday, November 5, 2025, in BSD City, Indonesia. The MoU was signed by Mulyawan Gani (CEO of Digital Business, Sinar Mas Land), Yuji Horiguchi (Managing Partner, Spiral Ventures), Kazuyoshi Mizukoshi (Chief Investment Officer, Cool Japan Fund), Daisuke Ejima (President Director, Bank Danamon Indonesia), Ferdinand Sadeli (Deputy Group CEO & Chief Investment Officer, Sinar Mas Land), Takahiro Waki (Chief Financial Officer, Culture Convenience Club), Asamitsu Kosugi (Chief Executive Officer, Advasa), and Kanae Kubo (Senior Manager, Rohto Pharmaceutical), and witnessed by Michael Widjaja (Group CEO, Sinar Mas Land) and Shingo Kobayashi (Director, Chairman Office at Sinar Mas Group & Advisor at Japan Thematic Fund).

Strategic Japanese and Indonesian Investors Join the Japan Thematic Fund

The Japan Thematic Fund is backed by a consortium of strategic investors from Japan and Indonesia, including Cool Japan Fund Inc. (CJF), a Japanese public-private investment fund dedicated to contributing to Japan’s sustainable economic growth by expanding overseas demand and supply for distinctive and attractive Japanese lifestyle and cultural products and services, as one of the fund’s key investors.

Other investors include Bank Danamon Indonesia, part of the MUFG Group, Rohto Pharmaceutical, Advasa, Culture Convenience Club the parent company of TSUTAYA, one of Japan’s largest bookstore chains, and Sinar Mas Land, which also serves as a cornerstone limited partner. The collaboration reflects growing confidence in the potential for strategic investment between Japan and Southeast Asia, while reinforcing a shared commitment to creating long-term economic value and deepening bilateral cooperation between the two regions.

LLV and Spiral Ventures Advance Innovation Across Asia

The collaboration between LLV and Spiral Ventures establishes a strategic alliance that goes beyond capital deployment to facilitate collaboration, expand market access, and strengthen business connections between Japanese and Southeast Asian companies.

LLV brings to the partnership the innovation ecosystem of BSD City, Indonesia, which has evolved into a hub for digital transformation and smart city development within the Sinar Mas Land ecosystem. This mega township has become a destination for businesses seeking to grow, providing an environment where global investors and innovators can collaborate, test ideas, and scale their businesses across markets.

Within this ecosystem, LLV plays an important role in connecting global investors with Indonesian startups, positioning itself as a key connector within the region’s technology landscape. Meanwhile, Spiral Ventures brings extensive investment experience across Asian markets, with a focus on companies developing solutions to address social challenges and shape the future of emerging economies.

Japan Thematic Fund Strengthens Indonesia’s Role in Innovation

Bayu Seto, Partner at Living Lab Ventures, said, “The Japan Thematic Fund reflects Indonesia’s growing role as an innovation hub and gateway for international collaboration. The participation of Cool Japan Fund and other leading investors demonstrates global confidence in the potential of Southeast Asia and reinforces our mission to build meaningful cross-border partnerships. With Cool Japan Fund on board, we are not only deepening the connection between Japanese capital and Southeast Asian innovation, but also creating a sustainable platform for startup founders to grow beyond borders.”

Integrating Japan and Southeast Asia to Drive Growth

Yuji Horiguchi, CEO and Managing Partner at Spiral Ventures, added, “This initiative goes far beyond investment—it is about integration. By combining Japan’s technological precision and cultural strengths with Southeast Asia’s entrepreneurial energy and rapid growth, we aim to create new business models, drive sustainable innovation, and deliver social impact across borders. This fund reflects our belief that collaboration between Japan and Southeast Asia will be a key driver of the region’s next wave of growth and innovation.”

BSD City as a Hub for Innovation and Collaboration

Mulyawan Gani, CEO of Digital Business at Sinar Mas Land, emphasized, “We are proud to bring together this collaboration, connecting leading institutions from Japan and Indonesia. The Japan Thematic Fund represents Sinar Mas Land’s commitment, through LLV and its partners, to strengthening economic ties between the two countries through innovation and technology. With the fund operating from BSD City, we aim to demonstrate Indonesia’s readiness to serve as a hub for innovation collaboration across the region. Together with Cool Japan Fund and our other partners, we are building the foundation for long-term collaboration that can create shared prosperity for Japan and Indonesia.”

LLV Advances the Startup and Smart City Ecosystem in BSD City

The launch of the Japan Thematic Fund forms part of LLV’s long-term mission to develop BSD City as a leading ecosystem for digital innovation and smart city development in Indonesia. By leveraging Sinar Mas Land’s extensive business ecosystem across real estate, digital technology, and community development, LLV is strategically positioned to help startups validate their solutions, scale their businesses, and establish strategic partnerships with corporations in Indonesia and Japan.

Through this strategic investment initiative, LLV and Spiral Ventures remain committed to supporting the growth of highly competitive startups and building a borderless innovation ecosystem where Japan and Southeast Asia can collaborate to address industry challenges, accelerate growth, and unlock new economic opportunities.

BSD City, October 2, 2025 – Living Lab Ventures (LLV), the corporate venture capital arm of Sinar Mas Land, has signed a Memorandum of Understanding (MoU) with Industrial Growth Platform Pte. Ltd. (IGPI Singapore). The MoU was signed in September by Bayu Seto, Partner at Living Lab Ventures, and Kohki Sakata, CEO of IGPI Singapore. The partnership aims to support Japanese companies in pursuing business opportunities in Indonesia, one of Southeast Asia’s fastest-growing economies, while strengthening strategic collaboration between the two countries.

Indonesia–Japan Partnership Opens New Business Opportunities

Under the partnership, IGPI Singapore will provide management consulting and investment advisory services to its Japanese clients seeking to enter the Indonesian market. Meanwhile, LLV will provide access to its extensive network, deep industry expertise, and strategic resources across Indonesia’s business ecosystem.

One of the key assets offered through the partnership is BSD City, a 6,000-hectare mega township developed by Sinar Mas Land and home to nearly 500,000 residents. The city serves as a living laboratory for innovation, with comprehensive urban infrastructure that provides an ideal environment for market research, proof of concept (PoC) testing, and the development of strategic partnerships.

The combination of advisory support, network access, and a real-world urban ecosystem creates a stronger foundation for a more effective market entry model. Together, the two organizations will establish a soft-landing platform that enables Japanese companies to enter the Indonesian market with greater control over risks while accelerating the execution of their market strategies. This approach is expected to support the success of Japanese companies expanding into Indonesia while creating opportunities for broader partnerships in the future.

Access to Networks, Advisory, and an Innovation Ecosystem

Bayu Seto, Partner at Living Lab Ventures (LLV), said, “This initiative is aligned with LLV’s mission to connect Indonesia’s ecosystem with global opportunities. By positioning BSD City as a hub where Japanese companies can test solutions and develop their businesses, we are creating new pathways for investment, technology transfer, and sustainable growth that can benefit both countries. LLV will support IGPI and its partners through market research and analysis, PoC implementation, business matching with potential partners, and curated business tours that connect Japanese companies with relevant stakeholders in BSD City and across Indonesia’s broader economy. This approach not only provides Japanese companies with a strategic entry point into Indonesia, but also contributes to Indonesia’s economic development through foreign investment, job creation, and knowledge transfer.”

Kohki Sakata, CEO of IGPI Singapore, added, “We see Indonesia as a market with tremendous opportunities for Japanese companies, particularly given its young population, growing middle class, and rapid digital adoption. Partnering with LLV and Sinar Mas Land enables us to offer our clients more than advisory services. It gives them access to a real-world ecosystem where they can test, adapt, and grow their businesses while making the most of the opportunities available in the market.”

BSD City as a Living Laboratory for Innovation

The collaboration further reinforces BSD City’s growing role as an international hub for innovation and business expansion, while strengthening Indonesia’s position as a strategic destination for Japanese companies in Southeast Asia.

With LLV serving as a catalyst for the innovation ecosystem, the partnership creates opportunities to attract greater foreign direct investment, facilitate technology collaboration, and support new job creation in Indonesia. For Japanese companies, the collaboration provides access to a trusted local partner and a tangible platform to enter and navigate one of the most dynamic economies in Southeast Asia.

BSD City, August 13, 2025 – Indonesia’s digital economy is projected to reach US$130 billion by 2025, according to the e-Conomy SEA 2024 report by Google, Temasek, and Bain & Company. This growth is positioning Indonesia as one of the most dynamic innovation markets in Southeast Asia. Global companies are increasingly looking to enter the region, not only to expand their markets but also to pursue research and development collaborations with local startups.

Indonesia’s Digital Market and Innovation Potential Attract Global Interest

Capturing this opportunity, Living Lab Ventures (LLV), the corporate venture capital arm of Sinar Mas Land, has launched InnoLab, a co-innovation program designed to accelerate the development of real-world solutions through collaboration between Indonesian startups and global technology companies. Through InnoLab, startups can gain access to various Intellectual Property (IP) assets from LLV’s global partners across different countries.

The technology co-innovation program covers five strategic sectors: renewable energy, digital healthcare, next-generation semiconductors, sustainable logistics, and environmental solutions. For its first batch, InnoLab offers a six-month program designed to help startups access and develop global deep-tech solutions through an inclusive approach, supported by LLV’s network of experts, mentors, and commercialization advisors. The initiative also enables startups to localize global technologies to address the needs of the Indonesian market while accelerating time to market.

Bayu Seto, Partner at Living Lab Ventures, said, “InnoLab is where global deep-tech meets real-world local execution. Today, startups need more than just funding. They also need access to proven technologies, guidance from experts, and a safe environment where they can experiment. At the same time, global companies are constantly looking for the right partners and ecosystems to localize their innovations. InnoLab bridges these two needs and positions BSD City as a growing hub for applied innovation in Indonesia. Moving forward, we will continue to build new partnerships in global IP and innovation to expand and enrich our innovation pipeline while fostering closer collaboration between startups and global technology leaders.”

InnoLab: Bridging Startups and Global Technology

LLV has developed InnoLab based on a Real Co-Innovation Delivery approach, built around three key pillars: real-world testing environments, expert support, and a collaborative and flexible innovation process. This approach enables startups to be matched with IP owners, facilitates structured business matching, provides milestone based technical reviews, and supports market validation through trials, surveys, and user research.

A key advantage of InnoLab is its integration with BSD City, a 6,000-hectare mega township developed by Sinar Mas Land. With a population of more than 500,000 and hundreds of businesses operating within the area, BSD City serves as a living laboratory, providing startups with opportunities to test, validate, and develop their solutions directly within a real-world community. Supported by digital infrastructure, technology enabled services, smart mobility systems, and active community engagement, BSD City offers an ideal ecosystem for accelerating the development of future technologies at scale.

InnoLab also provides a structured development pathway tailored to local market needs, helping startups strengthen their technology and IP portfolios. The program offers innovators a unique opportunity to gain direct exposure to frontier technologies, work alongside global and local experts, and test their products in a dynamic urban environment.

Through the launch of InnoLab, LLV reinforces its role as a catalyst for transformative innovation, driving meaningful collaboration between startups and corporations to co-create solutions that deliver impact for communities and industries.

BSD City, March 11, 2025 – Living Lab Ventures (LLV), the corporate venture capital arm of Sinar Mas Land, aims to strengthen LLV’s commitment to cross-border collaboration, especially in high-impact sectors such as healthcare, for global companies to enter Indonesia, LLV participated in the Indonesia-Japan Fast Track Pitch organized by the Japan External Trade Organization (JETRO). The program successfully connected innovative Japanese startups with leading Indonesian companies, creating long-term cooperation and market expansion opportunities.

One of the key outcomes of this initiative was LLV’s partnership with MEDRiNG Corporation (MEDRiNG), a Japanese medical technology company specializing in digital healthcare solutions. As part of this initiative, LLV has signed an agreement with MEDRiNG to support the establishment of Indonesia’s first medical facility where Japanese doctors will practice. Located in the Banten International Education, Technology, and Health Special Economic Zone (SEZ), this facility aims to enhance healthcare standards, introduce international best practices, and expand patient access to high-quality medical services.

Hiroshi Ishikawa, Executive Director of JETRO stated, “This collaboration is an excellent example of Co-Creation as outlined in “ASEAN-Japan Economic Co-Creation Vision”. It represents a highly significant initiative where a Japanese startup contributes to enhancing Indonesia’s healthcare ecosystem while gaining access to major growth opportunities. I sincerely hope for its success. Moving forward, we will continue our efforts to generate such collaboration cases through the Fast Track Pitch Initiative.”

Bayu Seto, Partner of Living Lab Ventures explained, “We are fostering a global innovation pipeline that enables businesses to seamlessly expand into Indonesia through our partnership with JETRO. The Fast Track program was a crucial step in identifying and engaging with pioneering companies like MEDRiNG that align with our mission to enhance Indonesia’s healthcare ecosystem. LLV’s role extends beyond investment—we act as a bridge for global enterprises, providing them with local market expertise, regulatory navigation, and strategic connections to ensure successful market entry and long-term growth.”

The collaboration between LLV and JETRO is part of a larger effort to accelerate Indonesia’s healthcare transformation by bringing international expertise and cutting-edge medical solutions to the region. The Banten International Education, Technology, and Health Special Economic Zone (SEZ) offering regulatory incentives and an innovation-friendly environment, this cooperation is set to attract more global healthcare players to Indonesia and establish the city as a premier destination for world-class medical services.

Kazuma Abe, Founder and CEO of MEDRiNG Corporation added, “JETRO’s Fast Track Pitch provided us with the opportunity to explore the Indonesian market and align our digital healthcare solutions with the country’s growing demand for high-quality medical services. Through LLV’s support, we are able to navigate Indonesia’s healthcare sector effectively and introduce Japanese-style medical expertise to BSD City, contributing to the broader healthcare development strategy.”

As part of this collaboration, MEDRiNG will assist Japanese medical institutions in establishing a new clinic located within the Banten International Education, Technology, and Health SEZ. This effort enables foreign doctors with the opportunity to practice following the applicable regulations. The initiative also includes supporting M&A activities to facilitate clinic openings and operations, particularly in digital healthcare services. LLV and MEDRiNG are set to conduct extensive market research to determine the most needed medical specializations, to launch the first clinic by the end of 2025. LLV continues to strengthen its role as a gateway for international businesses looking to expand in Indonesia and to position BSD City as a dynamic, innovation-driven economic hub, and highly competitive. BSD City, a mega township development by Sinar Mas Land, spans 6,000 hectares and is home to approximately 500,000 residents. As one of Indonesia’s most ambitious smart city projects, BSD City integrates cutting-edge infrastructure across multiple sectors, including education, technology, and healthcare.

BSD City, January 30, 2025 – Following the success of the Think Business, Think Hong Kong (TBTHK) event organized by the Hong Kong Trade Development Council (HKTDC) in Jakarta to strengthen trade and investment between Indonesia and Hong Kong, Sinar Mas Land, through Living Lab Ventures (LLV), proudly welcomed a delegation from Hong Kong to BSD City. The visit underscored Hong Kong’s strong commitment to building global partnerships and exploring strategic alliances and collaborations, including investment opportunities in Indonesia’s dynamic and rapidly growing market.

The delegation represented various leading industries and organizations in Hong Kong, including key figures such as Hon Duncan Chiu, HKSAR Legislative Council Member for Technology and Innovation; Prof. Hon. William Wong Kam Fai, HKSAR Legislative Council Member; Ir. Eric Chan, Chief Public Mission Officer at Cyberport Hong Kong; Eric Tong, Associate Director, Regional Partnerships and Channel Development at Hong Kong Science and Technology Parks Corporation; Yeung Tak Bun, Founder and CEO of Intelli Global Corporation; Tony Hau, Chairman of the Executive Committee at Great Bay Area 5G Industry Alliance; Sun Nan, Vice President of the Council for the Promotion of Guangdong-Hong Kong-Macao Cooperation; and Chan Wai Kwok Kenneth, Vice President of the Hong Kong Information Technology Joint Council.

Mulyawan Gani, CEO of Digital Business at Sinar Mas Land, said, “We are very enthusiastic about the Hong Kong delegation’s interest in exploring investment opportunities in Indonesia. Our vision is not only focused on attracting investment to BSD City, but also on creating a dynamic ecosystem where innovation meets opportunity. By integrating global expertise, including the leadership and insights from Hong Kong, we are committed to paving the way for collaboration that drives economic progress, particularly across the healthcare, education, digital transformation, and creative economy sectors. This visit marks a strategic step in our shared journey toward achieving sustainable economic growth for both regions.”

During the visit, the Hong Kong delegation explored strategic collaboration opportunities within the Banten International Education, Technology, and Health Special Economic Zone (SEZ). Through world-class infrastructure and a range of initiatives, innovations, and a rapidly growing ecosystem developed by Sinar Mas Land, BSD City, as a mega township, serves as a key gateway for global companies looking to expand their business presence in Indonesia and Southeast Asia.

Hon Duncan Chiu, HKSAR Legislative Council Member for Technology and Innovation said, “BSD City has significant potential to become a dynamic hub for innovation and collaboration. As we explore opportunities here, we recognize that the city is more than just a geographic location; it is a strategic platform for businesses to access Indonesia’s tremendous potential while expanding their reach into Southeast Asian markets. Indonesia’s rapid economic growth, supported by progressive initiatives such as BSD City, makes it an ideal destination for businesses from Hong Kong to build strategic partnerships.”

Meanwhile, Hong Kong, recognized as one of the world’s leading innovation and technology (I&T) hubs, continues to advance its vision of creating a dynamic ecosystem that supports sustainable economic growth. Cyberport, Hong Kong’s flagship digital technology and entrepreneurship incubator, reflects this commitment with more than 2,000 members, including nearly 1,100 startups, and a strong focus on talent development, entrepreneurial empowerment, and digital transformation.

About Hong Kong Science and Technology Parks Corporation

Meanwhile, the Hong Kong Science and Technology Parks Corporation (HKSTP) has built a thriving I&T ecosystem with more than 15,000 research professionals and over 2,000 technology companies from 25 countries and regions. HKSTP’s growing innovation ecosystem provides comprehensive support to attract and develop talent, accelerate innovation, and commercialize innovations for technology businesses. Hong Kong’s strategy for developing its innovation and technology ecosystem aligns with BSD City’s mission to drive economic growth through global partnerships and smart city innovation.

On the same occasion, Bayu Seto, Partner at Living Lab Ventures, added, “Living Lab Ventures is on a mission to drive innovation and bridge local talent with global opportunities. Hong Kong’s digital ecosystem is globally recognized, and its interest in BSD City reinforces the area’s potential as a hub for transformational growth. This partnership can open up new opportunities, ensuring that businesses, both local and global, can thrive in an increasingly interconnected world, supported by the Sinar Mas Land ecosystem.”

The discussions during the visit emphasized leveraging BSD City’s strategic location and comprehensive ecosystem to attract global businesses and investment. Through strategic collaboration with Hong Kong, Sinar Mas Land, through Living Lab Ventures, is paving the way for BSD City to play a greater role in Indonesia’s economic transformation, attract international players, and strengthen its position as a strategic business gateway in Southeast Asia.