February 26, 2024

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Indonesia strengthens support for start-up businesses

Indonesia’s Ministry of Industry continues to strengthen its strategies to meet the needs of Industry 4.0, according to a recent press release.

One of its strategic efforts is focusing on and encouraging the development of technology-based start-up business incubation through capital incentives and infrastructure facilities.

This effort is made possible through the collaboration and synergy among the government, the academia and the entrepreneurial start-ups.

In a recent event, with the theme “Preparing Competitive Resources in the Industrial Era 4.0”, it was highlighted that it is through the start-up incubation where technology-based businesses are able to create and test ideas.

This program will also enable the start-ups to enter their ideas in the market.

Among the universities which the Ministry collaborated with for this program are the Bandung Institute of Technology and the Institute of Technology Sepuluh Nopember.

Opportunities are also open for other universities that wish to cooperate on this program.

The Ministry of Industry aims to produce 20,000 new entrepreneurs by the end of 2020.

The government has already provided incubator centres in different regions of the country.

Some of these centres are the Bandung Techno Park, the Bali Creative Industry Centre (BCIC), the Business Incubator Centre in Semarang, the Makassar Technopark, and the Mobile Design Centre in Batam.

The training programs being provided by the Ministry in these incubator centres are updated with the signs of the times.

In the Bandung Techno Park and BCIC, for instance, there are available trainings on big data analysis and Internet of Things (IoT) for prospective Industry 4.0 companies.

Aside from developing start-ups through incubation, the Government’s other strategic effort to spur digital economic growth is to improve on the country’s human resources (HR).

To prepare the people for the Industry 4.0, trainings should be given to the people in order for them to be equipped with the skills needed for the latest technology.

Among the efforts done were redesigning the curriculums to include Industry 4.0. There are programs that support the development through research at the polytechnics.

Master’s degrees and double degrees are being offered as well as study programs and online learnings.

The curriculums have also included the younger generation by providing vocational education with specialisation, workshops, laboratories and teaching factories.

Having good and competent human resources are vital and the driving force of the industrial sector in this revolution.

This is important because having a sophisticated technology will not be enough for Indonesia to be competitive if the technology is not supported by skilled and qualified human resources.

Therefore, everyone is being encouraged to participate and to take an active role in realising the aspirations of Making Indonesia 4.0 by becoming competent and adaptive to the disruption brought about by the Industry 4.0.


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