Telkom wants to nurture 40 tech startups a year

IndonesiaNikkei — JAKARTA: State-run telecommunications group Telekomunikasi Indonesia will next week send to Silicon Valley the first group of local startups it is backing through an incubation program being run in collaboration with U.S. tech company Plug n Play. Telkom, as the company is also known, is setting aside at least $25 million to supply capital to about a dozen new startups this year.

http://asia.nikkei.com/Business/AC/Telkom-wants-to-nurture-40-tech-startups-a-year

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