Many of Indonesia’s 30 million women entrepreneurs face ongoing struggles to grow their business. Apart from the lack of access to appropriate working capital, women entrepreneurs also face even broader problems that prevent them from participating more in the economy.
Committed to addressing the barriers, YCAB Ventures took part in managing the Indonesia Women Empowerment Fund (IWEF). This fund will be invested in women-led startups that are breaking down these barriers with disruptive tech solutions.
The targeted USD 10 million fund will be invested in 20-30 seed stage ventures over the next five years. In addition to that, YCAB Ventures will also provide training and technical assistance to further empower women entrepreneurs.
IWEF fund is jointly managed by YCAB Ventures and Moonshot Ventures, with Investing in Women, an initiative of the Australian Government, as sponsor investor.