BSD City, March 11, 2025 – Living Lab Ventures (LLV), the corporate venture capital arm of Sinar Mas Land, aims to strengthen LLV’s commitment to cross-border collaboration, especially in high-impact sectors such as healthcare, for global companies to enter Indonesia, LLV participated in the Indonesia-Japan Fast Track Pitch organized by the Japan External Trade Organization (JETRO). The program successfully connected innovative Japanese startups with leading Indonesian companies, creating long-term cooperation and market expansion opportunities.
One of the key outcomes of this initiative was LLV’s partnership with MEDRiNG Corporation (MEDRiNG), a Japanese medical technology company specializing in digital healthcare solutions. As part of this initiative, LLV has signed an agreement with MEDRiNG to support the establishment of Indonesia’s first medical facility where Japanese doctors will practice. Located in the Banten International Education, Technology, and Health Special Economic Zone (SEZ), this facility aims to enhance healthcare standards, introduce international best practices, and expand patient access to high-quality medical services.
Hiroshi Ishikawa, Executive Director of JETRO stated, “This collaboration is an excellent example of Co-Creation as outlined in “ASEAN-Japan Economic Co-Creation Vision”. It represents a highly significant initiative where a Japanese startup contributes to enhancing Indonesia’s healthcare ecosystem while gaining access to major growth opportunities. I sincerely hope for its success. Moving forward, we will continue our efforts to generate such collaboration cases through the Fast Track Pitch Initiative.”
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Bayu Seto, Partner of Living Lab Ventures explained, “We are fostering a global innovation pipeline that enables businesses to seamlessly expand into Indonesia through our partnership with JETRO. The Fast Track program was a crucial step in identifying and engaging with pioneering companies like MEDRiNG that align with our mission to enhance Indonesia’s healthcare ecosystem. LLV’s role extends beyond investment—we act as a bridge for global enterprises, providing them with local market expertise, regulatory navigation, and strategic connections to ensure successful market entry and long-term growth.”
The collaboration between LLV and JETRO is part of a larger effort to accelerate Indonesia’s healthcare transformation by bringing international expertise and cutting-edge medical solutions to the region. The Banten International Education, Technology, and Health Special Economic Zone (SEZ) offering regulatory incentives and an innovation-friendly environment, this cooperation is set to attract more global healthcare players to Indonesia and establish the city as a premier destination for world-class medical services.
Kazuma Abe, Founder and CEO of MEDRiNG Corporation added, “JETRO’s Fast Track Pitch provided us with the opportunity to explore the Indonesian market and align our digital healthcare solutions with the country’s growing demand for high-quality medical services. Through LLV’s support, we are able to navigate Indonesia’s healthcare sector effectively and introduce Japanese-style medical expertise to BSD City, contributing to the broader healthcare development strategy.”
As part of this collaboration, MEDRiNG will assist Japanese medical institutions in establishing a new clinic located within the Banten International Education, Technology, and Health SEZ. This effort enables foreign doctors with the opportunity to practice following the applicable regulations. The initiative also includes supporting M&A activities to facilitate clinic openings and operations, particularly in digital healthcare services. LLV and MEDRiNG are set to conduct extensive market research to determine the most needed medical specializations, to launch the first clinic by the end of 2025. LLV continues to strengthen its role as a gateway for international businesses looking to expand in Indonesia and to position BSD City as a dynamic, innovation-driven economic hub, and highly competitive. BSD City, a mega township development by Sinar Mas Land, spans 6,000 hectares and is home to approximately 500,000 residents. As one of Indonesia’s most ambitious smart city projects, BSD City integrates cutting-edge infrastructure across multiple sectors, including education, technology, and healthcare.