Sprout Officially Announces Partnership with Wright Partners for Indonesia and Asia Market.
A well-known end-to-end digital consultancy company in Indonesia, Sprout Digital Labs has officially partnered with Wright Partners, a Corporate Venture building company headquartered in Singapore and Indonesia established six months ago. This partnership focuses on helping corporations to set up investible digital ventures as a new growth platform and moat creation versus startups that can disrupt them.
This partnership was announced by the Founder and CEO of Sprout Digital Labs, Egg Arnold Sebastian who is also a founding partner at Wright Partners. According to the man familiarly called Arno, Sprout’s assistance in Wright Partner is specifically in prototyping, build to pilot, and MVP for digital product needs, design set-up or UI/UX, product build, and support in the market rollout. Sprout support is not only limited to the Indonesian market but also open for the global market.
“Indeed we are very happy to officially announce our partnership with Wright Partners. Wright Partners fits perfectly with Sprout’s philosophy. Sprout wants to help companies on their digital journey that should touch all parts of an organization which should result in expanding and/or improving their business. Wright takes this to the next level to include also the possibility of building and running ventures end-to-end. Sprout is specialized in the Indonesian market. But because of this partnership with Wright Partners, we can expand our business across borders. As an example we already successfully helped develop the product for a pilot for a new fintech venture in Malaysia that got successfully funded.” he explained.
Arnold added that Sprout focuses more on digital product consultancy, design, build, pilot, MVP, and full Product Development. However, with Wright Partners, Sprout can cover more parts of the digital venture building journey including market research to identify opportunities, business development, funding, and day-to-day management of the business.
Normally, bringing a new venture from idea, pilot to pitch, and funding is around four months which is the design phase that is run by Wright Partners.
“Currently there are multiple ventures that already successfully got funded, which are active in the following categories: AgTech, Fintech, EduTech. As for Wright Partners, the company hasn’t received any investment itself yet but Wright Partners is setting up their fund to be able to actively co-invest in these ventures.” Arno said.
At the moment, Wright Partners is currently active in 3 countries: Indonesia, Singapore, Malaysia, and soon plans to open in Thailand and Vietnam.