Indonesia provides support for creation of startups
Indonesia’s Cooperatives and Small and Medium Enterprises (SMEs) Ministry has initiated a Business Incubation Bootcamp that is aimed at creating 100 startups across seven regions, namely Yogyakarta and Semarang in Central Java; Bogor, Depok, and Bandung in West Java; Tangerang in Banten; and Padang in West Sumatra, reports Antara.
The bootcamp allows startups to build a strategy to develop and launch their products in domestic and foreign markets, in addition to having strong financial fundamentals, legal aspects and intellectual property.
It also targets startups with creativity and technological advantage and measurable business projections, according to the director for entrepreneurship fostering and development at Indonesia Islamic University (UII).
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The first phase of the programme was held from August 4-6, in collaboration with the Business Incubation and Joint Innovations Unit (IBISMA) of UII.