- What is in Indigo Game Startup Incubation?
Indigo Game Startup Incubation is incubation program for helping game startup with sustainability. During this program, you will be mentored by game industry’s expert and developing your game using industry standarded process. We will also help you to get feedbacks from real users so you could make the best game for your players. After this program, you’ll have the chance to get further investment up to 2 billions IDR and publishing deal.
- Why do I need to apply to this program?
Because you’ll learn how game developing process and how to survive in game market industry from the best practice with mentors guide. You’ll have the chance to grow up your game startup assisted by PT Telkom.
- What do I need to apply?
You need a team of at least two people (more is preferable) and a desire to build a game as business not a hobby. The team should have been work together at least one year.
- How much allowance Indigo Game Startup Incubation give us?
You get IDR 12 million per team member (IDR 4 million per month). This money could cover your expenses through three months of the program. Prospective teams will get more funding after the incubation period.
- What do your program expect in the return of the investment?
After completing the program, in case PT Telkom evaluates a game that has potential, participants must accept the offer to proceed to next incubation stage, which is under Indigo Creative Nation. Participants must also be willing to accept publishing offers from PT Melon Indonesia.
- What is the definition of a potential game?
Game that has good gameplay, mechanics, and visuals. It also has good metric based on the early access result.
- Does the game have to be released in the IGSI program?
What is meant by had to be released in this program is the early access, which is the game can be tested by other players or game testers to get quantitative and qualitative feedback.
- What are our other responsibilities?
You are responsible to follow the program schedule and to develop high quality games. Participants must attend this program in full time, which is 8 hours per day for 5 days a week, except holidays.
- Is there a contract involved?
Yes. We agree on a contract before the program begins. There will be a contract to protects us both from misunderstandings.
- Is there any limitation on genre or platform?
Technically, you can submit any game idea. Yet, plus poin if your game idea is categorized as midcore mobile games, online multiplayer games, PC games with high production value or HTML5 family focused game. Detailed briefing on game criteria will be given as bootcamp materials.
- I don’t have any team yet. How could I join the program?
You could register here. If you pass our criteria of individual member, we will conduct a matchmaking process to find a team for you.
- How do you select tenants?
We select tenants based on following criterias: promising prototype (or game concept), remarkable pitch, and capabilities of each team’s member
- Could I work as a part-timer?
No. Since the incubation period will only last for 3 months, we expect full time commitment from the participants.
- What if I still have another contract with other company?
You still can apply as long as you can work from Monday - Friday for 3 months.
- Could we join the program remotely?
Our program was intended to be held on-site in Bandung. Yet, due to pandemic situation, we’ll held this program online.
- What happens if one member of the team is not performing well that is hampering the team performance?
We will conduct periodic evaluations of each participant’s performance. If there are any participant who has low performance, a warning system will be carried out until that participant’s contract termination.
- What could be expected after IGSI program?
As mentioned before, potential teams with potential games will be joined next stage of incubation through Indigo Creative Nation Program.
What is the Indigo Creative Nation Program ?
Indigo Creative Nation is a comprehensive program designed specifically to support the development of Indonesian startups. The Output of this program is a business entity that has good prospects at the national and global level, based on IT products that are preferred by the market.
Indigo Program, Telkom provide opportunities for startups to realize their creative work, whether it is still in the form of ideas, products that already have users, businesses that already have income, as well as businesses that require further acceleration and financing. Incubation Program is conducted by Telkom Indonesia aimed for startup that want to develop its business in digital field. The selected startup will follow the incubation program for 3 months to 12 months depending on the stages and get a variety of facilities such as, co-working space, mentoring, funding, market access through a marketing channel owned by TelkomGroup.
How many stages are there in the Indigo Program? And what are the stages?
The incubation stages in the Indigo Program consist of Phase 1 & 2 which include the Product Validation, and Business Model Validation. Each stage has a time period of 3-5 months depending on the conditions of each product being developed.
After the incubation stage, the startup has the opportunity to enter the acceleration stage with a period of 6-12 months.
What to do at each stage of Indigo?
Validate startup products by looking at the user’s interest to use developed digital startup services and users like it and need solutions from the product.
* Business Model Validation
Validate The most appropriate business model to gain significant revenue streams from startup-developed products.
Perform market validation based on a valid business model by looking at user’s development/growth, revenue and loyalty.
What benefits do you get at Indigo?
The business development support called Incubation Stages is pre-seed capital Up to Rp.750 million with a CN 10%, with the following details:
- The Product Validation stage will be supported with pre-seed capital of 375 millions IDR per company/community with a CN 5%.
- The Business Model Validation stage will be supported with pre-seed capital of 375 millions IDR per company/community with a CN 5%.
Acceleration Stages Up to Rp. 2 billions IDR with a CN value of up to 13% (according to the results of negotiations and due diligence)
What are Convertible Notes?
It is a letter of debt issued by startups to acquire investments that can be converted into stocks with a certain percentage value. At maturity, the debt has the option to be exchanged for company equity or company shares.
Are Convertible Notes addressed for product or company? What percentage of CN will be in shared to Telkom?
For startups that have not yet shaped in Limited Company (or Perseroan Terbatas in Indonesian), then Convertible Notes bound to all startup personnel in the form of community, when it is already shaped in Limited Company, then the Convertible Notes binding the intended company. Convertible Notes worth of 375 million IDR will be converted to 5% of shares, valued at 750 million IDR to 10% of the shares, while for the phase of acceleration with the value of convertible notes up to 2 billion IDR. The percentage shares will be decided according to due diligence results and deals with Startup.
What if Telkom or Melon attracted by startup product?
Telkom or Melon will do the administrative process of Perjanjian Kerja Sama (PKS) or Non-Disclosure Agreement (NDA) to the startup with provisions that is already explained in points 21, 22, and 23.
How long does the validation of NDA with Indigo?
The period of NDA is 1 year from the signing.
What happens if the IGSI startup refuses to invest further?
In the MOU it has been agreed that the IGSI startup is willing to get further investment from Telkom if it is declared feasible.
What if IGSI startup get an investment from a party other than Telkom or Melon?
The Startup is obliged to obtain approval from Telkom related to investment agreement further from the other party.
What if the startup fails in getting Revenue for its products?
Startup is declared unsuccessful in testing its business model and cannot proceed to the next stage.
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