“ The government should also realise the potential for the application of nanotechnology to advance a wide-range of industries that are integral to Indonesia’s economy. ”
Nanotech Group was established because we saw a lack of industry presence for nanotechnology in Indonesia considering the country’s potential for this type of technology. Our main focus lies on utilising nanotechnology for areas such as minerals extraction, functional foods such as supplements, herbal products, cosmetics, and pharmaceuticals among others, as a means to improve and even revolutionise industries in Indonesia. As a country abundant in natural resources, we are still importing raw materials for many of our sectors such as pharmaceuticals. Nanotechnology can be implemented to decrease this dependency and aid Indonesia to self-sustainability. We are looking at further research and development for the use of nanotechnology in herbal products. With Indonesia being one of the world’s richest nations in terms of biodiversity, the use of nanotechnology for this aspect can help propel our herbal products onto the global stage as well as sustain the environment for the future.
Our main strategy going forward is to find the best partnerships as we cannot develop and advance on our own. There are more than 32 nanotechnology clubs across Indonesia located in various universities and college campuses. Our aim is to develop a Nano Centre with state-of-the-art IT infrastructure in order to provide online classes and educate aspiring engineers and scientists on the potential of nanotechnology. Through this, we can develop technopreneurs and initiate start-up businesses in the field of nanotechnology; this will hopefully encourage innovation and the development of other products and services that can be applied to our industries or even export to the global markets.
For the short and medium-term, I see a positive outlook as the potential for this technology is still relatively untapped in Indonesia. Nanotechnology can be applied in cosmetics, pharmaceuticals, energy and mining, healthcare, food and beverages, as well as in manufacturing. With Indonesia’s large domestic consumption, businesses are seeking strategies to improve efficiency and increase production. Nanotechnology can help in this regard and it is slowly being utilised by several companies but it is still underserved in Indonesia.
Furthermore, nanotechnology-based products have yet to be fully registered with the National Agency of Drugs and Foods Control (BPOM). Once nanotechnology-based products receive the necessary approvals from BPOM, we expect a shift in the industry as more companies venture into this new area of technology. This will help nanotechnology businesses like ours enter the food and beverages industry and capitalise on Indonesia’s biodiversity. In the long-term, we can use nanotechnology for many areas of manufacturing and even for the production of paint and coating products.
Nanotechnology is a unique and specific industry which the government should better focus on. Currently the government’s priorities are on infrastructure and courting investors into the country; this will certainly help our industry in the long-term but the government should also realise the potential for the application of nanotechnology to advance a wide-range of industries that are integral to Indonesia’s economy. Moreover, the Indonesian government should streamline regulations that often hinder the progress of technology companies. This will encourage more people to initiate technology start-up companies that can produce innovative products and services.
We believe that within the next 10 years, nanotechnology will be an important industry in Indonesia, as the country aims to be more technologically advanced and improve the socioeconomic aspect of the community.
We have had many clients from ASEAN countries such as Malaysia and Singapore. We aim to expand not just in ASEAN but also the Asian region, especially in countries that are familiar with nanotechnology such as Japan and South Korea. The AEC will give us the opportunity to promote Indonesian products abroad as well as share our upper-hand in the field of nanotechnology to companies in the AEC. Furthermore, this will allow us to establish our own subsidiaries abroad and strengthen our core for innovation.
We are open to working with international investors especially for technology transfer in the form of knowledge sharing and capital investment. The nanotechnology industry is a research-driven industry and thus the transfer of knowledge is vital for the development of our group. This will build the foundations of the nanotechnology industry in Indonesia in addition to advancing our group to the next level. Without partners, our growth trajectory will be at a slower pace, however, with the right partners that share our mission and vision, all parties can benefit mutually.
We are a unique company as there are not many businesses in our field in Indonesia. Our in-depth insights and know-how in the local context coupled with the large domestic market make our group the ideal partner for international investors. This is evident from our book which includes individual profiles of 300 nanotechnology scientists from wide-ranging sectors in Indonesia so thus we can ensure that foreign investors will not experience difficulties in carrying nanotechnology-related business ventures with us. For carrying out business activities, having a reliable partner is essential for international partners to succeed in Indonesia.