INVEST
WITH BIC
BIC seeks out and offers investment opportunities with operating businesses and startups that are aligned to the New Paradigm.

INVESTMENT SECTORS
Waste – Tech – Agritech
MAGALARVA
Magalarva is one of the fastest growing Black Soldier Fly protein farms in Indonesia. The startup brings organic waste back into the food industry by converting it to sustainable high-nutrient feed for Indonesia’s billion-dollar shrimp farming sector.
WHY WE CHOOSE IT
Magalarva is able to generate high environmental impact while producing a scalable and superior high-protein animal feed addressing large-size markets. Having refined the delicate BSF farming process over the past 2 years, Magalarva is set to become the Indonesian leader in this growing volume-driven industry.
IMPACT
Organic waste upcycling from the food sector. Environmental preservation by generating a superior product substitute to existing unsustainable animal feed. Social impact is created by allowing shrimp farmers across the archipelago to produce higher quality shrimp yields, which improves revenues for BOP communities.
FOUNDERS
Rendria Labde , CEO & Founder
Arunee Sarasetsiri, Development Director & CMO
ROBRIES
Robries produces innovative and valuable products which bring a zero-waste lifestyle. They are trying to present an overall waste management system, starting from managing the waste as the main material until producing innovation for the management process and the products as the output of the system.
WHY WE CHOOSE IT
Robries collaborate with the waste banks, communities, and other companies to encourage people’s action of reducing waste, reusing things, and sorting waste to start a zero-waste lifestyle.
IMPACT
Waste Recycling, Circular Economy, Sustainable Living, Environment Campaign, Communities Involved
FOUNDERS
Syukriyatun Niamah , CEO & Founder
Tita Shabrina, CFO & Co-Founder
REKOSISTEM
Rekosistem is a Waste Management Startup that collects, segregates, and supplies the right type of waste to the right waste processor partners. The features connect stakeholders in the waste value chain to build smart cities and recycling ecosystems by Redrop, Rekodash, Repickup, and Rekollab.
WHY WE CHOOSE IT
Rekosistem standardize the chain, improve productivity of waste workers and generate revenue through waste management. Indonesia waste management market has huge potential with all eyes on sustainability and increasing demands.
IMPACT
Responsible waste management potential from waste workers, waste aggregators, waste processors, material suppliers, brand owners, and cities/municipalities.
FOUNDERS
Ernest Layman, CEO & Co-Founder
Joshua Valentino, COO & Co-Founder
SAMA SAMA SEAPLANES
Sama Sama Seaplanes is the first amphibian airline to connect the Mentawai Islands to the Sumatra mainland and will mainly cater to luxury surf resorts, the islands’ largest source of tourist revenue. The airline will also offer its transit services to the local governments and population, providing support like medivac to people in need of fast transportation to and from the Mentawai.
WHY WE CHOOSE IT
Sama-Sama Seaplanes brings a much needed service to the Mentawai islands and is managed by an expert team of seasoned pilots with local knowledge and networks. The company is trailblazing a way to help people move around isolated Indonesian islands and has huge expansion potential.
IMPACT
Local Economy, Transport, Humanitarian
FOUNDERS
Andre Hugo, Founder
Ronald Cobley, Director of Operations
BUKAPO
BukaPO is a food pre-ordering digital platform that allows its users to order meals from local micro-entrepreneurs living in their area. The app only lists micro-entrepreneur merchants, of which 80% are women, and helps support the Bottom-of-the-Pyramid (“BoP”) economy. Over time, the company aims to incorporate produce suppliers as well as other local crafts, providing a one-stop shop for micro-entrepreneurs and seekers of Indonesian crafts and goods.
WHY WE CHOOSE IT
BukaPO has developed a marketplace for Indonesia’s largest informal sector, and is addressing an audience of millions of inhabitants. It serves a segment that sits below the traditional food ordering platforms (GoFood), and has the potential to leapfrog competitors in the coming months.
IMPACT
Bottom-of-the-pyramid wealth creation, supporting female micro-entrepreneurs.
FOUNDERS
Olaf Purvis, Founder & CEO
Andy Adrian, Co-Founder
BUKAPO
ROUND 3
BukaPO is a food pre-ordering digital platform that allows its users to order meals from local micro-entrepreneurs living in their area. The app only lists micro-entrepreneur merchants, of which 80% are women, and helps support the Bottom-of-the-Pyramid (“BoP”) economy. Over time, the company aims to incorporate produce suppliers as well as other local crafts, providing a one-stop shop for micro-entrepreneurs and seekers of Indonesian crafts and goods.
WHY WE CHOOSE IT
BukaPO has developed a marketplace for Indonesia’s largest informal sector, and is addressing an audience of millions of inhabitants. It serves a segment that sits below the traditional food ordering platforms (GoFood), and has the potential to leapfrog competitors in the coming months.
IMPACT
Bottom-of-the-pyramid wealth creation, supporting female micro-entrepreneurs.
FOUNDERS
Olaf Purvis, Founder & CEO
Andy Adrian, Co-Founder
INDOSOLE
Indosole is on a mission to change the way companies across the world look at shoe manufacturing, by using recycled tyres to produce footwear. The established brand, 100% made in Indonesia, has been delivering high-quality enviro and vegan footwear for travel, adventure, and everyday life, and now seeks to continue developing its technology and market across Asia Pacific.
WHY WE CHOOSE IT
Indosole has become a staple-name in eco-footwear fashion and is driving the movement for manufacturing with recycled materials. The founders of Indosole said it best: “We are the most environmentally-responsible footwear company in the world, and have been for the past 11 years”.
IMPACT
Waste Management, Environment, Local Economy, Carbon Reduction
FOUNDERS
Kyle Parsons, Founder & CEO
Kai Paul, COO
Chris Pappas, CMO
Kevin O’Toole, CFO
ATMOSFERA

Atmosfera is a neo-luxury sustainable living experience that revolutionises the way guests perceive staying in Bali. It’s a place where people can unwind, enjoy the good things in life, and grow at their own pace. The resort mission is to promote a better lifestyle by offering wellness oriented experiences: unique designed luxury villas, wellness center, fine dining restaurant, cafe’ & co-working space, retreats, yoga, social events & more.
WHY WE CHOOSE IT
Atmosfera is a resort concept designed to remain financially sustainable even during times of economic crisis. More importantly, Atmosfera’s approach to hospitality sets an example for other hoteliers to follow by building environmentally conscious in partnership with Balinese owners.
IMPACT
Sustainability, Carbon-Reduction, Local Economy
FOUNDERS
Nicolo Castiglione
Parisuda Mangun
Putu Prima Hartawan
SMARTMATES
Smartmates is a 1-year-old SaaS consultancy busy capturing the constant demand for cloud-software consulting – that is, helping companies customise cloud-services for their business. The start-up is on track to become one of Australia’s largest cloud-software consultancies and operates from Indonesia with a growing team of tech consultants and software engineers.
WHY WE CHOOSE IT
Smartmates is helping a new generation of tech-savvy professionals sharpen their skills and has the DNA of a ready-to-scale software consultancy. With the potential to go beyond Australia, Smartmates is strengthening Indonesia’s position as one of the next global forces in the tech-services space.
IMPACT
Upskilling, Carbon-Reduction, Local Economy, Business Efficiencies
FOUNDERS
Daniel Millin, Founder & CEO
Adam Chrapot, Founding Investor