END OF YEARREPORT2019

201

9December 2019

EXECUTIVE SUMMARY

01Executive Summary ANGIN End of Year Report 2019

2019: The House of Killjoy!As 2019 is almost over, and we are going through the traditional group pictures and discussions around each other’s holidays, I’m spending a few minutes reflecting on this past year and on the broader four years with ANGIN. Our yearly report comes out with impressive achievements, inspiring numbers, and stories. But as any positive social media post, there is a reality, a truth which is usually untold behind the shiny reports. Our team likes to call it internally as our “house of Killjoy”. Not as a negative feeling, but rather as a celebration of humility and hyper-pragmatism that more work is ahead and success cannot be claimed too early. I would like to use this foreword to share about the reality behind these facts:

DAVID SOUKHASINGManaging Director

An insane amount of work: Each entre-preneur supported, and each rupiah earned are the simple results of sacrificed weekends, extended sleepless nights, or stress. Nothing has ever been granted for us, and if you want to achieve the same, my friend, be ready to sweat — this is worth it!

A daily tested commitment: Life has tested our team's commitment every day, in every little criticism we heard and every choice we made. When confronted with a challenge, the committed heart will search for a solution, and undecided ones will opt for an escape. These achievements are the sign of our team's commitment and respect to our clients, entrepreneurs, part-ners, and shareholders in four years of operation.

The work of young Indonesians: I like to call Saskia and myself the "dinosaurs" of ANGIN, simply because we belong to the 30's age bracket! All ANGIN's achievements are created by 20-something Indonesians, with works spanning from Washington DC to the most remote parts of Indonesia, leaving an impact and legacy in our ecosystems. Sometimes uncredited, these young talents deserve to be known as the real heroes behind our work.

Small hungry fishes: We had to remind ourselves always to be critical to our own quality. At the end of the day, we are still the small fishes in a much bigger pond. Nonetheless, our hunger for excellence is never-ending progress, and we are ready to explore new horizons in 2020 and the years to come.

InboundApplications

02Investment ANGIN End of Year Report 2019

Entrepeneurs applying for funding support.

For every 17 entrepreneurs applying, only one made it to live campaigns where we connect them with our network through (investor news-letter, flash deals, and pitching session).

Applications fromOther Channels

LIVE!

8 /mo

Referral

INVESTMENT This data collection aims to give insights of industrial trend through the statistics of entrepreneurs applied to ANGIN’s funding support throughout the year.

1,114 500 180 100 70

100% 44% 16% 9% 6%QUESTIONNAIRE L1 QUESTIONAIRE L2 1:1 MEETING COMMITTEE REVIEW LIVE CAMPAIGN

100 /moCompetitions, Call for Applications

Organic Inbound Applications

2,410Total InvestmentOpportunitiesAll channels.

Through ANGIN channels.

+

12

RECEIVED FUNDING

1%

03Investment ANGIN End of Year Report 2019

Top 5 StartupSectorsFrom All Applications.

Tech VS Non-Tech(Inbound Applications)

On average, for every four startups apply-ing, three of them are tech-enabled busi-nesses while only one of them is offline businesses.

0 25 50 75 100 125

868 76%

276 24%

Education

FinancialServices

Travel andTourism

ProfessionalServices

Lifestyle

12 107 119

48 60 108

16 87 103

14 79 93

4 88 92

All Applicants Tech Non-Tech

Food andBeverage

Top 5 Tech Sectors

88

Top 5 Non-Tech Sectors

0 20 40 60

Travel andTourism

60

38Food andBeverage

0 25 50 75 100

Education

FinancialServices

Travel andTourism

Profession-al Services

107

87

79

67

Consumer Goods

Art, Craft, Design

Agriculture,Aquaculture 29

16

16

Tech Non-Tech

04Investment ANGIN End of Year Report 2019

From startup applications.

Approximately, for every 8 men founders applying, 2 women founders are applying to seek fundraising support from ANGIN.

FoundersProfile

Gender Lens Implementation

ANGIN investor members from both individual investors and institutional investors in 2019.

95

Total

63 32

New Institutional Investors

IndividualMembers

InstitutionalMembers

ANGIN Members2019

161

983Male

Female

Has women in C-levelNo women in C-level

495619

1076

38

Majoratively owned by womenMajoratively owned bymen

725

389

Strive for gender equalityin managementGender equality have notbeen a priority

Targets women as maincustomer segmentDoes not target womenas main customer segment

204

904

214

900

Explicitly aims to benefitwomen in the supply chainDoes not explicitly aimsto benefit women in thesupply chain

ANGIN advisory arm aims to champion inclusive, scal-able, and sustainable growth through collective impact In Indonesia. From research, technical assistance, events, FGD, we are designing pragmatic solutions to navigate our clients in their journey in Indonesia. In this year’s review, you can learn about the exciting ways we’re changing and how we create value and build trust in the entrepreneurship space.

05Advisory ANGIN End of Year Report 2019

ADVISORY

Event AudienceNumber of people attending the events organized by our team in 2019.

Entrepreneurs TrainedEntrepreneurs trained from training or workshop events we organized and eventsinvited as experts.

908406

502

Total

Pitching,seminar,general events

Training andworkshops

1,167Total

606

561

Java

BeyondJava(Sumatera, Kalimantan, Bali, Lombok, Maluku...)

215

6

10

Startups/SMEs Engaged in CompetitionsNumber of startups/SMEs participating in a competition event we evaluated as judge.

Publication DeliveredNumber of publication delivered and published.

Advisory Works ExecutedNumber of advisory works executedincluding research, consulting, training,workshop, etc.

54

12 42

Number of PartnershipObtained This Year

AdvisoryPartners

EventPartners

Washington DC, United States

Jakarta, Indonesia

04Netherlands

08

HQ

02

03

06

07

ThailandVietnam

HQSingapore

Seoul, South Korea

Bangalore, India

Oecusse, Timor Leste

03

01

Yangon, Myanmar

09

Jakarta, Indonesia

Philippines

05

Tehran, Iran

InternationalPresence

ANGIN’s presence in international summits,conferences, forum, and advisory works.

06Advisory ANGIN End of Year Report 2019

09

08

07

06

05

04

03

02

Singapore

Echelon Asia Summit 2019May 2019invited by Echelon, e27

Bangalore, India

AVPN India SummitNovember 2019invited by AVPN

Yangon, Myanmar

AVPN Social Investment Summit 2019February 2019invited by AVPN

Washington DC, United States

GIST Investors ForumNovember 2019invited by GIST

Tehran, Iran

The 1st Asia Pasific Innovation Forum:Technology Start-ups for SuistainableDevelopment June 2019invited by UNESCAP

Oecusse, Timor Leste

Oe-Cusse Business IncubatorFebruary 2019invited by UNDP Timor Leste

Seoul, Korea

NextRise ConferenceJuly 2019invited by NextRise

Netherlands

[Research] Dutch-Indonesia Investment Reality (On-going)in partnership with Dutch Embassy

Thailand/Philippines/Vietnam/Myanmar/Jakarta

[Research] ANGIN in Southeast Asia (On-going)in partnership withSasakawa Peace Foundation

01

Events: Top 3

TOP 3: Farthest Cities Visited(on miles)

TOP 3: Busiest Month(on event presence)

TOP 3: Most Visited Cities(aside from Jakarta)

Washington DC, US13,476 kilometers l 8374 miles

Tehran, Iran7406 kilometers l 4602 miles

Seoul, South Korea5272 kilometers l 3276 miles

September l 14 events

November l 11 events

June & July l 9 events

Denpasar, Bali8 events

Singapore5 events

Surabaya5 events

1

2

1

2

3

1

2

07Advisory ANGIN End of Year Report 2019

3 3

62,862.586 Total Kilometers Traveled(paid carbon offset)

National Presence

01Jakarta, Capital Region “Women Leaders in Investingand Enterprises Workshop 2019”UN Women

and other 37 events.

Denpasar, Bali Island “Global Science Conference on ClimateSmart Agriculture”Global CSA

and other 7 events.

03

Takengon, North Sumatera“Enhancing Women-OwnedSME's Access to Capital”The Canada–Indonesia Trade andPrivate-Sector Assistance

and other 1 event.

04

Depok, West Java“Pitching and Access to Funding for SMEs”The Ministry of Cooperatives and SMEs Indonesia

and other 2 events.

06.

05

07

Bandung, West Java“ITB Gather Up Startup Demoday”Institut Teknologi Bandung

and other 2 events.

Yogyakarta, Special Region ofYogyakarta“Jogja Startup Day 2019 Pitching Session”Jogja Startup Day

and other 2 events.

Semarang, Central Java“GKN Annual Members Meeting”The Ministry of Cooperatives and SMEs Indonesia

08Mataram, Lombok Island“Pro-Women Learning Event forPublic”PLUS, Ford Foundation

and other 1 event.

11

10.

09Manado, North Sulawesi

“AIS Forum 3rd Plenary Session”Kemenko Maritim

Makassar, South Sulawesi

“KEMENPERIN Startup 4 Industry”The Ministry of Industry

Surabaya, East Java

“The Fourth Annual IslamicFinance Conference”Annual Islamic FinanceConference

12.Batam, Riau Islands

“RISTEKDIKTI Startup AccelerationProgram for Indonesian Students”The Ministry of Research andTechnology Indonesia

02

ANGIN’s Impact mapping in Indonesiathrough events and advisory works.

Map LegendsEvent Invitations and Event Led (Highlights)

Advisory Works

Event Invitations and Event Led (Highlights)See our event highlights and its partners!

Batam

Makassar

Takengon

SelongMataram

Tanimbar Islands

Bangka Belitung

Bali

Manado

Surabaya

04

12

05

01

Jakarta

02

Depok

0701

06

08

10

08

05

06

02

Yogyakarta

0303

07

Semarang

11

09

04

Denpasar

Bandung

08Advisory ANGIN End of Year Report 2019

07

06

05

04

Local Advisory WorksExecuted and On-going.

01Selong, Lombok IslandApril - June 2019

OXFAM “Indonesian Women in Leadership”

02Bandung, Surabaya,Yogyakarta, DenpasarApril-June 2019

Amazon Web Solution“What You Need to Know to Start YourBusiness” Joint Workshop Roadshow

Denpasar, Bali IslandsMay 2019

KUMPUL “ANGIN x KUMPUL Business Mentoring Bali 2019”

Manado, North SulawesiOctober 2019

UNDP x Kemenko Maritim“AIS Forum: Impact Pitching SME StartupBusiness in the Blue Economy Sector”

Bangka Belitung IslandsNovember 2019

Bangka Belitung Government “The Navigator Honey, Pepper, and Fish Crackers”

Takengon, North SumateraBandung, West JavaJanuary - April 2019

Trade and Private Sector AssistanceCanada“Enhancing Women-Owned Businesses Access to Capital”

Tanimbar IslandsOctober 2019 - present

Bank Indonesia x INPEX “Tenun Tanimbar DevelopmentProgram”

03

08Jakarta, Bandung,Jogja, Manado, BaliNovember 2019 - present International Private Foundation(undisclosed) “Deep Assessment of IndonesiaImpact Investment Reality”

AVPN (On-going)“Nutrition Funders Landscape Study”

UNDP (On-going) “Biodiversity Value Chain Researchfor UNDP Biofin (BiodiversityFinance Initiatives)”

7030 82

Speaker54.3%

Moderator4.3%

Mentor10.0%

Summit15.7%

Judge15.7%

Others10.0%

Pitching Event33.3% Training hosted

56.7%Domestic

68.3%

International31.7%

09Advisory ANGIN End of Year Report 2019

Total EventsOrganized

Number of Flights Taken

Event InvitationsAttended

(paid carbon offset)

ANGIN x OXFAM Women SpotlightStories of Tenun Weavers

Oxfam IndonesiaJuly 2019

Lombok Traditional Tenun/WovenTextile Value Chain Mapping Reportin Nusa Tenggara Barat

Oxfam IndonesiaJuly 2019

66 People and Organizations Moving Social Entrepreneurship and Impact Investment in Indonesia

Start-Up Assistance Organizationsin Indonesia: Performance, Challenges,and Solutions

Sasakawa Peace FoundationMay 2018

Enhancing Access to Capital for Women-Owned SMEs

TPSA CanadaMay 2019

An Overview of Support for WomenEntrepreneurs in Indonesia and Canada: Focus on SMEs and Start-Ups

TPSA CanadaJanuary 2019

December 2019

The Navigator: Guide to Honey, Pepper, and Fish Crackers of Bangka Belitung Archipelago

ANGIN Women's Spotlight 50th Milestone Mini-Report

September 2018

PUBLICATIONS Published in 2019Past year worksOn-going

10Publications ANGIN End of Year Report 2019

September 2019

The Provincial Government ofBangka Belitung

Start-Up Assistance Organizationsin Indonesia: Performance, Challenges,and Solutions

Sasakawa Peace FoundationMay 2018

50,861 240,816Total Users Visited(Unique)

Total Pageviews

Bridging the Two “I”s: Impact Investing & Islamic Finance

UNDPSeptember 2018

Social Finance and Social Enterprises: A New Frontier for Developmentin Indonesia

UNDPDecember 2016

Women’s Entrepreneurship and Accessto Finance: Challenges and Opportunities of Women-led Social Enterprises in Indonesia

WEBSITE www.angin.id

11Publications ANGIN End of Year Report 2019

UNDPNovember 2017

52 People and Organizations Moving Social Entrepreneurship and Impact Investment in Indonesia

July 2018

(On-going) “Nutrition Funders Landscape Study”

AVPN

(On-going) Biodiversity ValueChain Research for UNDP Biofin

UNDP

(On-going) Dutch-Indonesia Investment Reality

Dutch Embassy

(On-going) ANGIN in SoutheastAsia

Sasakawa PeaceFoundation

#1 Google Search Rank for Keywords:

230Total research, reports, and papers mentioningANGIN.

(since 2015)

43Total articles aboutANGIN in variousmedia.

Investment Startup IndonesiaAngel Investor IndonesiaStartup Fundraising IndonesiaIndonesia Investor NetworkStartup Funding Jakarta

Sustainability

GrowthDriven

Saskia TjokroHead of ANGIN Advisory

Olyvia SamosirAdvisory Associate

Tranquil

Journey

Sarah SoepraptoCommunications Manager

ANGIN Team 2019

GratefulOptimistic

Positive

Atin Dewi IriantiGeneral Affairs

Gregoria MandiasAdvisory Associate

MissionInclusive

Integrity

Rininta Bella YunissaAdvisory Associate

?

Knowledge

Courage

Novi JuwitaBusiness Development

ReinventRecharge

Reflect

Talissa FebraNews Manager

GrooveSurprise

Fabulous

Alfia AziziCommunications Officer

ScaryAwesome

Experience

RahmawatiCommunications Officer

David SoukhasingManaging Director

Embrace

ExploreDiscover

Adirani HeraputeriBusiness Development

Valentina SincieraInvestment Analyst

Gema MinangTech Investment Lead

Benedikta AtikaImpact Investment Lead

AstonishingEye-opening

Progress

Robialmay N.Investment Analyst

Roller-coasterResilience

OpportunityPerseveranceHumility

CuriousityTransformative

Serendipitous

Rich

Lesson Learned

Priceless

Selfless

Scale upDynamic

Adventurous

SuperbExciting

SurprisePersistence

WisdomReduce

Angelica MeiskeCommunications Officer

RecycleReuse

and their three words of 2019!