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Jakarta Post

Bekraf, IDX sign agreement on startup development

  • Anton Hermansyah
    Anton Hermansyah

    The Jakarta Post

Jakarta   /   Tue, April 3, 2018   /   01:17 pm
Bekraf, IDX sign agreement on startup development Creative Economy Agency (BEK) deputy for capital access Fadjar Hutomo speaks to journalists after signing a memorandum of understanding at the IDX Building in Jakarta on April 3. (JP/Anton Hermansyah)

The Creative Economy Agency (BEK) and the Indonesia Stock Exchange (IDX) on Tuesday signed a memorandum of understanding (MOU) to make a joint effort to facilitate startups to develop.

Under the MOU, BEK supports the bourse's startup incubator to organize training and development programs, said Bekraf deputy for capital access Fadjar Hutomo after the signing ceremony at the IDX building in Jakarta.

"Bekraf has startup networks and the IDX has an incubator program that facilitates digital-based startups to develop. We will help each other to scale up these startups to contribute more to the economy," Fadjar said.

IDX president director Tito Sulistio said the IDX Incubator that was established to support digital-based startups had already had two batches of trainings and had established 42 companies in Jakarta.

He said the IDX incubator would also organize similar events in Bandung and Surabaya.

"The training is organized so that the startups have wider access to financing," he said. (bbn)