In the spirit of building collaborations, the Association of Indonesian Venture Capital and Startups (AMVESINDO) is established as a forum that brings together Venture Capital, both conventional and tech-based companies, as a funding source, and startup, as a funding receiver. Amvesindo was founded in Jakarta, May 17th, 2016 by the five pioneers of Venture Capital firms,, PT Astra Mitra Ventura, PT Celebes Artha Ventura, PT Mandiri Capital Indonesia, PT Pertamina Dana Ventura, and PT Ventura Giant Indonesia. Later, AMVESINDO was granted the permit from, Otoritas Jasa Keuangan (OJK) on October 4th, 2016. Currently, AMVESINDO has 85 members from various companies, consist of Venture Capital (VC Tech, Venture Capital / Perusahaan Modal Ventura (PMV), Area-focused Venture Capital / Perusahaan Modal Ventura Daerah (PMVD), Sharia-based Ventura Capital / Perusahaan Modal Ventura Syariah (PMVS), and Startup.