F/MS Top Startup Cities

5 min read

Yogyakarta, Indonesia #668

City Scores

City Total Score

0.225

Overall ranking score

Quality Score

0.03

Ecosystem quality rating

Quantity Score

0.05

Ecosystem size rating

Business Score

0.14

Business environment rating

Score Distribution

Score Comparison

MeanCEO Index Click to scroll to details

58

Startup Ecosystem in Yogyakarta 🌟

TL;DR

Yogyakarta is ranked as the 668th city in the Global F/MS “Best Cities for Startups” Index. Known for its vibrant culture and educational institutions, Yogyakarta is emerging as an exciting hub for startups, particularly in the tech and creative sectors.

Startup-Friendly Stuff 📈

1. Ease of Company Registration

  • Business Registration: Simple procedures with a growing trend towards online applications.
  • Startup Incentives: Local government initiatives aimed at supporting technological innovations and startups.

2. Employment Law 🏢

  • Labor Regulations: Fair labor laws that are designed to protect both employees and employers, though complexity remains for small startups.
  • Hiring Foreign Talent: Requirements for work visas, though the processes are becoming more streamlined for skilled professionals.

3. Taxation 💰

  • Corporate Tax Rate: Generally around 25% but with potential reductions for startups in key sectors.
  • VAT Regulations: Competitive rates, favoring tech startups and essential services.

4. Quality of Life 🌆

  • Living Standards: Affordable cost of living with a rich cultural experience, making it appealing for young entrepreneurs.
  • Culture and Leisure: Home to numerous educational institutions, art, and culture; offering a great lifestyle balance.

5. Bureaucracy 🗂️

  • Ease of Navigation: Generally manageable, though occasionally slow, depending on various permits and licenses required.
  • Government Support: Local initiatives to encourage entrepreneurship are becoming more prevalent.

6. Visas for Entrepreneurs 🌍

  • Startup Visas & Permits: Efforts to simplify getting business visas for foreign entrepreneurs.
  • Residency Options: A growing focus on accommodating long-term stays for startup founders.

Startup Community 🤝

7. Networking Events

  • A range of meetups, hackathons, and workshops are hosted regularly, fostering community connections.
  • Annual Events: Notable tech festivals and competitions that draw attention from regional investors.

8. Subsidies and Funding 💵

  • Increased government incentives and incubator grants available for promising startups, particularly in tech.
  • Various local initiatives provide seed funding for innovative projects.

9. Venture Capital (VC) Presence

  • Investments: A growing number of local VCs interested in the upswing of Yogyakarta’s startup scene.
  • Major Firms: Emerging interest among regional and national venture capitalists in the creative and tech industries.

10. Incubators & Accelerators 🚀

  • Several incubators focusing on areas such as tech, education, and agriculture.
  • Programs offering mentorship, seed funding, and essential business resources.

Technology & Industry Priorities 🔧

  • Focus Areas: Creative industries, Education technology (EdTech), E-commerce, and Sustainable Tourism.
  • Government Initiatives: Significant emphasis on integrating technology with local cultural and creative sectors.

Business Culture 🏙️

  • Language: Bahasa Indonesia is primarily used; however, English is gaining traction among young entrepreneurs.
  • Work Environment: Collaborative and supportive culture, with a focus on local and sustainable business practices.

General Pros and Cons ⚖️

Pros:

  • Affordable living costs with an artistic and educational atmosphere.
  • Strong community support and local government initiatives for startups.
  • A rich talent pool from nearby universities.

Cons:

  • Limited access to large-scale funding compared to bigger cities.
  • Bureaucratic processes may still pose challenges for quick responses.

Initiatives for Female Entrepreneurs 👩‍💼

  • Growing organizations and initiatives focused on empowering female entrepreneurs.
  • Networking sessions and funding programs dedicated to women-led startups, fostering an inclusive environment.

Yogyakarta presents an inviting and unique atmosphere for entrepreneurs seeking to establish themselves in a culturally rich and supportive environment. 🚀

MeanCEO Index for Yogyakarta 🌟

Yogyakarta is emerging as a vibrant startup ecosystem that beckons female entrepreneurs with its unique blend of culture, support, and opportunity. Let’s dive into the MeanCEO Index score based on ten critical factors to see how Yogyakarta stands for women in business.

1. Weather ☀️

  • Score: 7/10
    • Yogyakarta enjoys a warm climate, albeit with a rainy season. While not as sunny as some coastal regions, overall it offers decent weather for year-round activities, making it a comfortable place to live and work.

2. Location 🏖️

  • Score: 5/10
    • Though not directly on the coast, Yogyakarta is relatively close to beaches within a short drive. The access is decent, but it lacks the immediate beachfront lifestyle found in more coastal cities.

3. Women Friendly 👩‍💼

  • Score: 6/10
    • Indonesia is gradually improving in terms of women’s rights, and Yogyakarta reflects this evolution with several local initiatives aimed at empowering women in business. However, some cultural norms still present challenges.

4. Foreigners Friendly 🌍

  • Score: 7/10
    • Generally welcoming, the local population is friendly, and many young people are open to making new friends with foreigners. However, some may find it challenging to fully integrate due to language barriers.

5. English as a Business Language 📚

  • Score: 5/10
    • English is becoming more prevalent, particularly among the younger generation and in business contexts, but it’s not the primary communication mode. Many entrepreneurs may still need to brush up on Bahasa Indonesia.

6. Delicious Cuisine 🍽️

  • Score: 8/10
    • Yogyakarta boasts phenomenal cuisine, rich in flavor and variety with many healthy options available. Though onions are used, the local flavors and ingredient quality earn it good culinary marks.

7. Ease of Getting Married and Starting a Family 💍

  • Score: 5/10
    • The dating culture is not as vibrant as in larger cities, but Yogyakarta’s charming atmosphere and community-oriented lifestyle make it appealing. There are certainly attractive and family-oriented individuals; however, societal expectations can complicate things.

8. Medicine 🏥

  • Score: 6/10
    • Access to healthcare is generally acceptable, but it may lack the speed and sophistication found in larger cities. Basic medical facilities are available, but specialized care might require travel.

9. Ease of Transportation & Traveling 🚍

  • Score: 6/10
    • Transportation is manageable, with local transport options, but the infrastructure could be better. An international airport in the vicinity aids travel, though public transport options can be limited.

10. Startup Mindset 💡

  • Score: 8/10
    • The local community is increasingly embracing entrepreneurship, with a positive attitude towards innovation and taking risks. There’s a supportive vibe that encourages startups, especially in tech and creative sectors.

MeanCEO Index Score: 58/100 🎊

Yogyakarta is cultivating an inviting and supportive ground for female entrepreneurs, with a rich cultural milieu and promising startup ecosystem. Although challenges remain, particularly regarding social norms and language barriers, the city’s warm community and growing resources make it a compelling option. With continuous improvements, Yogyakarta is poised to enhance its appeal further for ambitious women ready to embark on their entrepreneurial journeys. Happy exploring! 🌈🚀