Pertamuda 2021 Bring in Thousands of Student Prospective Entrepreneurs, Registration Extended

Jakarta, July 16, 2021 – The enthusiasm of students to build businesses in the digital era can be seen in the registration for the "Pertamuda or Pertamina Muda - Seed & Scale" Business Idea Competition held by PT Pertamina (Persero). As of July 16, 2021, 1,400 students from various universities from Aceh to Papua registered as participants.

"It shows the high interest of students to build business start-ups. We believe it will continue to grow because registration is still open until July 23, 2021," said Fajriyah Usman, Acting Senior Vice President Corporate Communications & Investor Relations of PT Pertamina (Persero), Friday (16/7).

Fajriyah added that the inaugural Pertamuda Seed and Scale 2021 activity, which took the slogan "Spreading Energy to Build the Nation," was one of Pertamina's commitments to support the development of start-ups in Indonesia. As a State-Owned Enterprise (SOE)engaged in energy, Pertamina strives to foster synergy between the industrial world and universities to achieve innovation and sustainable progress of the nation. It is in line with sustainable development goal 8, where Pertamina participates in increasing inclusive and sustainable economic growth, productive and comprehensive employment opportunities, and decent work for all.

Pertamina's collaboration with universities has been continuous, whether through contributions to educational program implementation, facility, and infrastructure provision, human resource development, and other collaboration that place universities to develop future national generations.

In 2021, Pertamina is back in the academic community of higher education institutions in Indonesia by bringing different colors. Not only increasing students' understanding of the industry in the energy sector or motivating the younger generation to fill strategic lines in the Indonesian energy sector, but Pertamina also invites students to compete for innovative business ideas through the "Pertamuda: Seed & Scale 2021" event.

The series of activities started from the Webinar and Kick off on June 17, which was opened by the President Director of PT Pertamina (Persero), Nicke Widyawati, which marked the opening of the Pertamuda 2021 series of activities. It is followed by four series of free workshops open to students and business start-ups in Indonesia.

Later, after registration closes on July 23, 2021, all incoming participant data will go through an administrative filtering process and continue with the curation process. 50 participants who passed the curation will be announced on August 2, 2021, to prepare for the Demoday in Bali in August 2021.

The Pertamuda 2021 Demo Day includes mentoring/pitching sessions and judging to select the top 25 participants. It is followed by determining the three winners of Pertamuda 2021 who will receive an initial capital fund of IDR 100 million per person.

After the Demo Day, 50 participants will be monitored for ten months to monitor the development of their business ideas. Especially for the three winners who will also be visited at the end of the monitoring.**