Breakthrough Venture Capital and Airlangga Forge Transformative Partnership

for Business Innovation and Growth in East Java, Indonesia

London, August 29, 2023 - In a remarkable stride towards fostering innovation, growth, and collaboration, Breakthrough Venture Capital has signed a Letter of Intent (LOI) with Airlangga University, a premier educational institution in Indonesia. The historic event, supported and witnessed by the esteemed Governor of East Java, Ms. Khofifah Indar Parawansa and the Ambassador of Indonesia to the UK Dr. Desra Percaya, marks a pivotal moment in strengthening ties between the Western world and Indonesia through investment, education and technological advancement.

The LOI signing ceremony, held on August 29, 2023, at the Indonesian Embassy in London, was a part of the University of Airlangga reception hosted by the Ambassador of Indonesia to the UK, Dr. Desra Percaya. Representing Breakthrough Venture Capital were its visionary leaders, Ms. Sandra Tusin, Mr. Koby Yoganatrem, Mr Makhyan Jibril A, and H.E. Dana Al Salem. Airlangga University was represented by Prof. Dr. Bambang Sektiari Lukiswanto. This event was supported by Governor Ms. Khofifah Indar Parawansa who is also the leader of Airlangga University Alumni Community. She was recently awarded with Honorary Award for Global Peace and Women Empowerment by Minhaj Ul-Qur’an, International Organization in the Warwick, UK.

Breakthrough Venture Capital, renowned for its commitment to backing world-class founders deploying emerging technologies, is set to leverage its expertise and global network to nurture promising startups across emerging regions and diverse founders. Through this partnership, the university's research and innovation ecosystem will receive the necessary impetus to transform groundbreaking ideas into tangible solutions that benefit society at large, and support its three pillars of education, research and community development.

East Java, a vital trading hub in Indonesia, has rapidly accelerated its drive towards technology and infrastructure development. This strategic collaboration with Breakthrough Venture Capital aims to harness the region's immense potential, catering to Indonesia’s population of over 270 million people, and East Java’s 44 million. East Java also awarded with Lee Kuan Yew Institute as no 1 province for ease of doing Business which in this semester, 61 Trillion IDR has been invested there. By investing in startups and technological innovations originating from East Java and Indonesia, in collaboration with Airlangga university, the partnership envisions empowering the region to become a center for cutting-edge advancements, while simultaneously contributing to Indonesia's broader economic growth.

Ms. Sandra Tusin, a driving force behind Breakthrough Venture Capital, remarks, "We are elated to embark on this journey with Airlangga University, a hub of exceptional talent and innovation. Our partnership transcends geographical boundaries, uniting diverse minds with a common goal of driving progress through technology. This collaboration aligns perfectly with our mission to guide startups and founders in their quest to revolutionize industries."

The presence of Governor Ms. Khofifah Indar Parawansa at the LOI signing ceremony underscores the government's commitment to facilitating and supporting initiatives that pave the way for technological advancement and economic development. East Java as 2nd biggest GDP contributor of Indonesia also showed marvelous investment opportunity for Breakthrough Venture Capital. This partnership, with its emphasis on innovation, investment, and collaboration, holds the promise of elevating East Java's role as a key player in Indonesia's rapidly evolving landscape.

For media inquiries and further information, please contact:

Press Contact - Breakthrough Venture Capital

Email: [email protected]