Business incubators at universities create new young entrepreneurs

Jakarta (ANTARA) – Business incubators at universities can be an entry strategy for the development of new young entrepreneurs who could penetrate the global market, according to an official of the Coordinating Ministry for Economic Affairs.

“Business incubation at universities is an entry strategy for the development of young entrepreneurs who can compete in the global market,” said Deputy Coordinating Ministry for Digital Economy, Manpower and Micro, Small and Medium Enterprises Coordination, Mohammad Rudy Salahuddin, according to a statement received here. , on Friday.

In order to promote the government’s programs for young entrepreneurs, the ministry recently organized a national seminar titled “Developing an Entrepreneurial Spirit among Innovative and Competitive University Students” under the Coordinating Ministry of Economic Affairs’ on-campus event at Udayana University in Bali.

The ministry official stated that Indonesia should take advantage of the potential arising from the great interest of members of the young generation to become entrepreneurs by collaborating with various stakeholders, including universities.

Young entrepreneurs are currently facing various challenges, such as product suitability for the target market, understanding the dynamics of entrepreneurship, access to business capital, marketing and networking, he noted.

To help young entrepreneurs and address the challenges they face, the government provides various forms of assistance through the provision of pre-employment cards, small business loans (KURs), affordable research and certification facilities and easy permit applications, Salahuddin explained.

The government has also provided a super-micro KUR scheme that offers a business loan of up to Rp 10 million (US$670) to students who want to start a business, he said.

Meanwhile, the head of the Ministry’s Communications, Information and Judicial Bureau, Haryo Limanseto, noted that the event of the Coordinating Ministry of Economic Affairs is going to the campus aimed at strengthening the interest of members of the young generation to become new entrepreneurs.

Moreover, Udayana University Chancellor I Nyoman Gede Antara also praised the ministry’s program that can benefit the young generation in the future.

“As the chancellor of Udayana University, I commended the organization of this seminar today. I hope the event will be successful and have a positive contribution in the future,” Antara said.

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