Bekraf Deputy for Capital Access, Fadjar Hutomo, and AVPN CEO, Naina Subberwal Batra, signed a memorandum of understanding (MoU) between the two institutions here on Monday.
"Cooperation with the AVPN is expected to increase startup opportunities, and creative economic players get additional capital while increasing their skills in the creative industry," Hutomo remarked.
He explained that the development of the creative economy through the "startup" development approach has been constrained by funding sources.
"The `startup` requires different funding in every phase of its life. So it takes the role of government and `angel investors` or `philanthropy ventures` to be able to help their development," he remarked.
In the MoU, Bekraf and AVPN are committed to fostering opportunities for the growth of skills and livelihoods of creative economic actors in Indonesia, increasing employment and exports, and facilitating stakeholders to support creative economic development in the country.
Both institutions will mobilize social investment capital from various stakeholders, provide opportunities for capital collaboration that have a sustainable social impact, and improve the quality of life of Indonesian people with the creative industry.
In the next stage, the two institutions will work together to conduct research, publish reports on existing funding, and increase employment in Indonesia`s creative industry.
In the meantime, Batra welcomed the collaboration to support the creative economy sector in Indonesia. Even so, he claimed he would still study which projects could be funded by the philanthropists.
He stressed the importance of such cooperation because it can encourage the creation of jobs not only in Jakarta but throughout Indonesia.
"We will identify fund owners who are interested in supporting the creative economy in Indonesia. So we cannot mention the amount," he noted.
Batra also pointed out that the cooperation will not only be limited to funding in the form of money capital but also intellectual capital and capacity building.
Reporting by Ade irma Junida
Editing by Otniel Tamindael