INDOSAT OOREDOO IDEABOX AND FACEBOOK ESTABLISHES COOPERATION

Encouraging the Growth of Startup Community in Indonesia

Jakarta, October 16, 2015 - Indosat Ooredoo, member of Ooredoo Group, through Ideabox startup accelerator program, cooperated with Facebook to encourage the growth of startups in Indonesia. With this partnership, the Indosat Ideabox startup will have the opportunity to sign up for Facebook FbStart program, namely the mentoring program of Facebook by utilizing its facilities and utilities. The purpose of this cooperation is that the Ideabox startups are able to learn best practices conducted by global startups to success.

"The Indosat Ideabox startup accelerator program has been a pioneer in the startup community in Indonesia and has grown stronger since its inception three years ago. Cooperation with Facebook will allow us to support the growth of startups Indonesia to the next level, combined with the Ideabox basic program guidance which has won many awards. The contributions of Facebook in the Ideabox program will help startups in Indonesia to implement best practices in the industry globally, allowing them to truly improve the quality of their products and business model," said Prashant Gokarn, Chief Digital Services Officer Indosat Ooredoo.

Through the partnership, Ideabox startup of Indosat Ooredoo who passed and is accepted in the Facebook FbStart program will get direct guidance and other benefits worth more than $80,000 for every startup. Indosat Ooredoo also plans to bring the winner of the third day demo day of Ideabox to visit Facebook Menlo Park campus in Silicon Valley. Demo day itself is a demonstration activity after Ideabox incubation ends which lasted for 3 days and followed by all participants of Ideabox.