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Jakarta Post

Govt, private companies push for digital transformation of MSMEs

  • News Desk

    The Jakarta Post

PREMIUM
Jakarta   /   Thu, September 5, 2019   /  02:09 pm
The Jakarta Post Image
Initiators and participants of the Ayo UMKM Jualan Online (Let SMEs Sell on Line) movement pose for a photograph during the launch of the movement in April, 2018(JP/Riza Roidila Mufti)

The government and private sector actors such as banks and financial start-ups are making fresh efforts to further promote the digitalization of micro, small and medium-scale enterprises (MSMEs), which have become the backbone of the country’s economy. The Industry Ministry recently launched Startup4Industry, an application that gives MSMEs easier access to affordable and feasible technological solutions from technology start-ups. The program is one of several initiatives taken by the ministry in pushing for the digital transformation of MSMEs, which, due to their weak financial and technological capacity, are still unable to take advantage of digital technology to boost their businesses.      “Through Startup4Industry, technology start-ups can provide MSMEs with digital technology to solve managerial, production and marketing issues,” Indus...