Urban Gateway Fund will invest in mobility and transportation, proptech, data analytics and AI, omnichannel retail, and smart city tech.
Indonesia’s leading property developer Sinar Mas Land has launched the Urban Gateway Fund (UGF).
An early-stage fund, UGF will invest in promising startups developing full-scale intelligent cities in the archipelago, starting with BSD City.
The fund will support startups developing solutions in six segments of urban living technologies. They are mobility and transportation, proptech, data analytics and AI, omnichannel retail (for online and brick-and-mortar stores), sustainable resources management, and smart city tech.
Urban Gateway Fund will open access to an existing smart city ecosystem in BSD City and other Sinar Mas Land townships through three avenues.
First, UGF with Sinar Mas Land will provide a test-bed platform and facilitate the direct integration of ideas and prototype solutions into Sinar Mas Land’s communities.
Second, Urban Gateway Fund will provide a comprehensive breadth of support to allow startups to incubate and validate their innovative and disruptive solutions on an urban scale.
Third, the fund will provide access to Sinar Mas Land’s leadership to support innovation and disruption in its main business of city development and property management.
Sinar Mas Land will manage Urban Gateway Fund in strategic partnership with East Ventures, Redbadge Pacific and Prasetia Dwidharma. The fund will support startup projects, and companies focused on proptech and urban living sectors.
GS E&C, a Korean construction and development leader, will also be an investor and strategic partner in the Urban Gateway Fund.