Living Lab Ventures Launches Innolab to Open Business and Strategic Partnership Opportunities for Global Companies in Indonesia

BSD City, October 21, 2026 – According to data from Indonesia’s Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM), Indonesia recorded investment realization of IDR 1,010.6 trillion in the first half of 2026, up 7.2% year-on-year. This growth reflects continued investment activity and creates opportunities for global companies to explore the Indonesian market. In response to this opportunity, Living Lab Ventures (LLV), Sinar Mas Land’s sector-agnostic corporate venture capital firm in Southeast Asia, has launched Innovation Lab (Innolab), a market access and commercialization opportunities program designed to help global companies enter Indonesia by strengthening strategic partnerships, deepening their understanding of local consumer needs, and validating business opportunities to support long-term business growth and investment.

Innolab was introduced by Bayu Seto, Partner at Living Lab Ventures, during the Kumpul Connect for Change Summit 2026, held on October 20, 2026, at The Ritz-Carlton Jakarta, Mega Kuningan. The forum provided a platform to strengthen partnerships and expand opportunities for collaboration between Indonesian startups and the global ecosystem, supporting the growth of a competitive creative economy in Indonesia. Kumpul, an organization that supports the entrepreneurship ecosystem and an Innolab ecosystem partner, further strengthens connections between global companies and stakeholders across Indonesia.

Mulyawan Gani, CEO of Strategic Healthcare Investment & Ventures at Sinar Mas Land, said, “Indonesia has significant potential as a gateway for global companies seeking to expand their businesses across Southeast Asia. Through Innolab, we leverage the Sinar Mas Land ecosystem, including BSD City, as a living lab where companies can understand the characteristics of the Indonesian market, identify consumer needs, and assess the relevance of their technologies and business models. Companies can also connect with prospective partners and relevant stakeholders to identify collaboration opportunities and validate business potential before moving to broader implementation. Through this approach, we hope LLV Innolabwill help global companies establish a strong business foothold and unlock long-term growth opportunities in Indonesia.”

Bayu Seto, Partner at Living Lab Ventures, explained, “We are proud to launch Innolab to help global companies move beyond simply exploring the Indonesian market toward building tangible and sustainable business opportunities. For LLV, Innolab goes beyond facilitating market entry; it also fosters technology co-innovation in strategic sectors, including renewable energy, digital health, next-generation semiconductors, sustainable logistics, environmental solutions, and other emerging sectors. Innolab also offers a structured program pathway, guiding companies from discovery and use case validation to POC acceleration.”

The launch of Innolab also featured a panel discussion titled “Accelerating Real-World Innovation,” with speakers Patrick Lay, Founder & Director of Retragreen; Priscilla Tjin, Senior International Representative at MDEC; and Grace Anastasia, VP of Global Partnership & Go-To-Market at Living Lab Ventures. The discussion covered four key topics: “Bringing Technology and Innovation to the Market,” on strategies for translating innovation into market-relevant applications; “Go-to-Market in Action: Turning Market Entry into Real Validation,” on entering a market while testing a product or solution against customer needs; “Why Ecosystem-Led Go-to-Market Matters,” on the role of stakeholder collaboration in expanding market access; and “What’s Next: Technologies & Regional Opportunities,” which explored emerging technologies and business expansion opportunities across Southeast Asia.

These discussions on collaboration and market expansion reflect the approach adopted by LLV Innolab – Real Co-Innovation Delivery. The approach is built on three pillars, including real-world testing environments, expert support, and a collaborative, flexible innovation process. Its activities include matching startups with intellectual property (IP) owners, structured business matching, milestone-based technical assessments, and market validation through trials and user research.

Innolab also provides access to global and local experts and advanced technologies. Through a modern urban ecosystem such as BSD City, companies and startups can test products, develop technologies in a dynamic real-world environment, and refine solutions based on actual needs before moving toward commercialization. Together with Innolab, LLV aims to foster collaboration between startups and corporations to develop innovative solutions for industry and society, while connecting global innovation with business opportunities in Indonesia.

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]