Francisco Widjojo, graduate of UTS, “transforms Indonesia”, one start-up at a time
SYDNEY, 23 Aug 2021 / PRNewswire / – Graduated from UTS Francisco widjojo wants to be part of indonesia growth story. And, as one of the founding partners of investment firm Arkblu Capital, that’s exactly what it does. Hear more success stories from students and alumni during UTS Virtual Open Week September 7-11.
âWe are focusing on Indonesian start-ups,â he says.
âWe invest directly in technology start-ups, and we also invest in venture capital funds. “
Graduated in 2015 from the UTS Bachelor of Laws, Bachelor of Business, Francisco landed a job with the international law firm Baker McKenzie upon leaving university. He loved the business, loved the job and, armed with his UTS degree, felt ready for the challenges of a career in corporate law.
But around the same time, interesting things started to happen in Indonesia: technology companies like Gojek, Tokopedia and Traveloka were granted âunicornâ status with valuations of over US $ 1 billion, marking indonesia rise on the global technological scene.
Francisco, who spent a lot of time at Indonesia grow while being educated in Australia, had always kept an eye on his homeland – staying connected to Indonesia had always been a part of his long-term career aspirations. Now the lure was irresistible.
âI am very proud to be Indonesian; I believe a lot in the Indonesian people, âhe said.
âI was trying to figure out, how can I be a part of this growth story? “
The answer was Arkblu Capital, which he launched with another partner in 2019. Like Francisco, the company operates at the intersection of two cultures: while most of the companies Arkblu supports are based in Indonesia, some have their headquarters here at Sydney.
As Managing Partner, Francisco frequently draws on the skills he acquired during his time at UTS. His day-to-day work requires skills derived from both his business and law degrees, particularly in analysis, strategy, negotiation and financial management, as well as fundamental legal knowledge. It also requires a particularly global mindset, which Francisco says he has developed through his participation in UTS’s wide range of international programs.
âBeing able to not only be a monocultural person, but actually understand and interact with people around the world is very valuable,â he says.
Currently, Arkblu has a portfolio of six companies, including Wahyoo, a digital solutions platform for warung makan, a type of traditional Indonesian restaurant; and Hypefast, a direct selling private label group focused on South East Asia.
But this is nothing compared to the direction that Francisco and his team are taking: the objective is to help make Indonesia one of the world’s top 5 economies by 2050. Achieving it will require continued investment in the Indonesian people and businesses aimed at solving some of the country’s thorniest problems.
âAs a start-up investor, we like to say that if a country or a market has a lot of problems, that’s a good thing, because it means that there are a lot of problems to be solved and a lot of companies that can be created to do so, “he says.
“The most of indonesia the population is still very young and they are very tech-savvy, and because many business processes in Indonesia are still very manual, there is enormous potential for technological innovation. “
On September 9, UTS will organize a live virtual discussion “UTS Startups: the largest community of startups launched by students in AustraliaFind out how UTS is helping students like Francisco develop and launch the businesses of tomorrow. This event is part of UTS Virtual Open Week, September 7-11. Find out more at uts.edu.au/virtual-open-week.
Sydney University of Technology (UTS), centrally located Sydney, is part of australia major universities of technology. It is known for fusing innovation, creativity and technology in its teaching and research and for being an industry-driven university. UTS has a total enrollment of over 40,000 students and is ranked n Â° 1 among âyoung universitiesâ in Australia in the QS ranking. For more information, visit uts.edu.au.
SOURCE Sydney University of Technology