We help them develop their business and then connect them with investors
Jakarta (ANTARA) - Cooperatives and SMEs Minister Teten Masduki affirmed that his administration pursued efforts to develop digital start-ups in Indonesia, including through the Entrepreneur Financial Fiesta (EFF) 2022.

"We help them develop their business and then connect them with investors," he noted at the closing of EFF 2022 here on Monday.

Through this event, it was expected that finalists could get investors, who were committed to aiding start-ups, he noted.


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Deputy for Entrepreneurship at the Cooperatives and SMEs Ministry Siti Azizah stated that during the course of the event, from July to November 2022, her administration had brought together start-ups with investors. As many as 115 matchmakings were made between venture capital partners and start-ups.

"Hence, we think we have quite a lot of (matchmaking), and tonight, we will end our (series of) activities," she remarked.

The EFF program, which lasted for six months over seven phases, led to 10 start-ups being elected as finalists: Automa, Atur Kuliner, Bangbeli, Bengkel mania, byru, dotX, Inspigo, Kukerja, nectico, and Surplus.

Hear me and Accessive.id -- start-ups for people with disabilities -- were also two special finalists.


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This program focuses on building a sustainable MSME ecosystem through access to funding and business development for early-stage startups that focus on empowering national MSMEs by inviting foreign investors.

The program by the Cooperatives and Small, Medium Enterprises Ministry aimed to support the agendas of transformative recovery, as stipulated in Presidential Regulation Number 2 of 2022 on National Entrepreneurship Development.


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Translator: Sinta Ambarwati, Mecca Yumna
Editor: Fardah Assegaf
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