Minister Launches RISE To IPO: Financing Breakthrough for Medium Enterprises

Maman Abdurrahman, Indonesia’s Minister of Micro, Small, and Medium Enterprises (MSMEs), recently rolled out the RISE To IPO program, offering an alternative financing solution to aid the growth of medium-sized businesses. In his statement, Minister Maman highlighted the challenge faced by medium enterprises in Indonesia, not only in accessing capital but also in obtaining long-term, sustainable financing options tailored to their specific needs. During the launch event for the RISE To IPO program in Jakarta, Minister Maman pointed out the promising growth of Indonesia’s capital market as a viable alternative funding source. He emphasized that the RISE To IPO initiative aims to fill the financing gap by serving as a transformative bridge for medium enterprises to transition from private companies to publicly listed entities that are more structured, transparent, and competitive. Minister Maman also referenced data from the Indonesia Stock Exchange (IDX) indicating that by the end of 2024, 42 medium-scale companies had been listed on the acceleration board, primarily in the consumer goods, technology, and property sectors. These medium enterprises are envisioned to serve as pillars for countless micro and small businesses throughout Indonesia, contributing to the national economy as off-takers and aggregators in the supply chain. This endeavor aligns with President Prabowo Subianto’s Asta Cita vision, emphasizing industrial downstreaming and empowering productive sectors. Minister Maman concluded by stating that through becoming public companies, medium enterprises can reinforce their business resilience while fostering growth opportunities for micro and small enterprises to expand and scale up their operations.

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