Profile
UMG IdeaLab is a venture studio and corporate venture capital firm based in Jakarta, Indonesia, founded in 2015 by Kiwi Aliwarga, a former manager at PT United Tractors Pandu Engineering. The firm operates with a small team and focuses on building and investing in early-stage technology startups. UMG IdeaLab is part of the FELAFC network, which includes associations from various Latin American countries, and it aims to foster creativity and innovation in the digital and creative industries.
The firm primarily invests in sectors such as artificial intelligence, robotics, health technology, new energy, agriculture technology, education technology, manufacturing, and automation. UMG IdeaLab prefers early-stage investments and adjusts its check sizes based on the potential of each project. The firm is actively seeking new investments and has a portfolio of 28 companies with 19 exits.
Notable investments by UMG IdeaLab include Widya Life Science - biotechnology, SociaBuzz - business/productivity software, and Aryaguna.id - diagnostic equipment. These investments support initiatives that advance storytelling and technology, helping to cultivate a new generation of creators and innovators.
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