The Indonesian government is taking action. They are building an ecosystem to support start-up growth. The plan involves increasing the number of micro, small, and medium enterprises (MSMEs).
Teten Masduki, the Cooperatives and SMEs minister, has spoken. He stated that Indonesia has 2,600 start-ups. This ranks sixth in the world. But he recognizes a need for acceleration. Masduki wants the start-ups to become strong. He aims for success in both domestic and foreign markets. He shared these views at a summit. It was the 2023 Road to Indonesia start-up ecosystem summit.
He also spoke about integration. He mentioned the financing system, incubators, and trade policies. They must work together. The government has a goal. They want to raise the number of new entrepreneurs. The increase will be from 3.47% to 3.95% of the total population. Masduki explained the roadmap. It’s part of becoming a developed country. There must be a minimum of 4% entrepreneurs.
He mentioned collaborations. His ministry is working with private companies and universities. They are creating new incubators. This means better quality products from entrepreneurs. Creative Gorilla Capital has launched a fund. It’s a $20 million fund named Gorilla Silverback Fund. It came in January.
The fund aims at investing in potential startups. The focus is on consumer-oriented businesses in Indonesia. Creative Gorilla Capital backs start-ups with creative and marketing expertise. Benz Julio Budiman is a key player. He is the founding & managing partner of Creative Gorilla Capital. He stressed the importance of encouraging Indonesian startups. The goal is to provide the best service and make a positive impact.
The Indonesian government is committed. They are fostering innovation and growth. They are building an ecosystem for start-ups. The collaboration, integration, and investment are paving the way.
This news is based on Marketing Interactive.