Indonesian coalition launches I-HIVE venture network with 26 partners
The alliance links regulators, investors, and universities to assist Sharia-compliant startups.
A coalition of public and private organizations has formed the Indonesia Halal Innovation and Venture Ecosystem (I-HIVE) to channel capital and operational support to the country's halal businesses [1]. The alliance was introduced at the Indonesia Sharia Economic Festival in Jakarta [1].
The grouping unites 26 partner entities, spanning state regulators such as Bank Indonesia and KNEKS alongside venture investors, commercial banks, and universities [1]. The partnership plans to coordinate deal flow, manage incubation programs, verify Sharia compliance standards, and open commercial pathways for startups [1]. Helma Agustiawan, deputy director of Islamic business incubation at KNEKS, noted that "access to investors who understand Sharia-compliant business" remains an obstacle for founders [1].
The initiative comes as Indonesia's national halal certification phase-in window for micro and small businesses concluded on Oct. 17 [1]. Private capital providers participating in the ecosystem include HASAN.VC, which has financed 15 Indonesian companies across the past two years, and Jakarta investment firm Moria Ventures, which initiated venture allocations six months ago [1].
Questions and answers
What is the primary function of I-HIVE?
I-HIVE organizes startup incubation, coordinates deal flow, and helps companies navigate Sharia compliance and early funding channels.
Which organizations form the coalition?
The group consists of 26 partner institutions, including Bank Indonesia, KNEKS, OJK, Bappenas, universities, and venture firms like HASAN.VC and Moria Ventures.
Companies & investors in this story
Sources
- 1.HASAN.VC, Moria Ventures bet on Gulf capital to rescue Indonesia’s halal startups — e27, Oct 30, 2026
