Start-up Business

Kompas/Priyombodo

Visitors get information from an attendant at a start-up booth during the 2019 NextDev Summit at the Jakarta Convention Center in Central Jakarta on Dec. 7, 2019 (7/12/2019).

Start-ups have existed for more or less 10 years in Indonesia. Some have succeeded and some have failed. Advances in information technology (IT) have opened up the possibility of reorganizing economic activities into something new.

The entry and exit of a business unit into the industry is common as part of the process which Schumpeter (1942) called a creative destruction.