A partnership between LIFTwomen Group, a leading Australian women-focused funding marketplace, and Labamu, an Indonesian FinTech startup, has led to the Wanita Tumbuh Bersama (WTB) Competition – a grant challenge that will award 4 Indonesian female-led businesses with business support.
Submissions are open from 15 May 2023 to 15 June 2023.
Melbourne, 1st May 2023 – Women make up almost half of early-stage entrepreneurs in Indonesia and yet the majority are constrained by limited access to resources and funding. The WTB competition recognises these hurdles and invites Indonesian women from all industries, aged 20 and above, to participate and showcase their business ideas, receive mentoring and funding, and ultimately contribute to the country’s economic growth.
“After 18 months of elevating female-led businesses in Australia with funding and business resources, we are excited to team up with Labamu and expand our impact to Indonesia. We believe that by backing female entrepreneurship, we are helping women and their families, and therefore communities, to live lives to their fullest potential,” said Irene Tsang, Founder of LIFTWomen Group
“We are committed to promoting and supporting women entrepreneurs to build the next line of exceptional businesses in Indonesia, which would further contribute to the country’s economic growth and development. We hope that the WTB competition will encourage more women to pursue their entrepreneurial dreams and inspire other organisations to support female entrepreneurship in Indonesia,” said Emmanuel Van de Geer, Labamu’s Founder.
The WTB competition is held in partnership with LIFTwomen Group, Australia’s first female-focused crowdfunding platform that has supported over 500+ women-led businesses. Labamu is an app that accelerates cash in SMEs by digitising sales and has a user database that is primarily made up of female-led businesses; Labamu’s partnership with LIFTwomen Group means that Indonesia female entrepreneurs can be elevated in a significant, financially meaningful way.
The WTB competition has a simple participation process to increase accessibility, starting with an online application followed by a live pitch presentation by the finalists on the Grant Pitch and Gala Night (to be held in Jakarta on 15 July 2023).
There are 4 prize kits available with 2 core categories, Sustainability and Innovation, as well as a People’s Choice and Overall Winner awards. The total prize pool of the competition is valued at over $80M IDR with Labamu and Lift Women platform access, coaching and advertising resources. Participants will also receive business mentorship and training at all stages of the competition.
To take part and to see exact prize inclusions, visit www.labamu.co.id and submit your business project between 15 May 2023 and 15 June 2023. Ensure you are available on 15 July 2023 to be in Jakarta for the Grant Pitch and Gala Night.
About Lift Women
Lift Women is Australia’s first and leading female-focussed crowdfunding platform that is closing the gap to back women in entrepreneurship and empower them to live a life to its fullest potential. We connect female entrepreneurs to not only backers, but pivotal resources and relationships, while also operating on a social impactful model.
For more information about Lift Women visit www.liftwomen.com
About Labamu
Labamu accelerates sales and improves productivity in micro, small and medium enterprises. We do this by digitising product management, marketing and sales processes and empowering customers with more options.
For more information about Labamu visit: www.labamu.co.id
