A majority of startups fail, pushing governments, sectors and companies to seek solutions for a better success rate. The startup boom is no accident. Governments in the region are making every effort to draw investments from around the world, in a bid to modernise their economies and diversify beyond the raw material industries. Underlying these efforts is rising economic prosperity in the region.
The truth remains that entrepreneurship is a risky affair, with global experts placing startup failure rates anywhere between 60% to 90%.
“We believe that Drillo Bonanza will slowly mature in terms of processes and will see exponential growth once there are a few exits. This will bring about significant buoyancy in the ecosystem,” explained Gayuh Putranto.