Minister Maman Abdurrahman of Indonesia’s Micro, Small, and Medium Enterprises (MSMEs) recently introduced the RISE To IPO program, aimed at providing an alternative financing solution to support the growth of medium-sized businesses. The program addresses the challenge faced by medium enterprises in Indonesia, not just in accessing capital but also in obtaining long-term, sustainable financing options tailored to their specific needs. Minister Maman highlighted the potential of Indonesia’s capital market as a promising source of alternative funding during the launch event of the RISE To IPO program in Jakarta. The initiative is designed to serve as a transformative bridge for medium enterprises, enabling them to transition from private entities to publicly listed companies that are structured, transparent, and competitive. Data from the Indonesia Stock Exchange (IDX) revealed that 42 medium-scale companies were listed on the acceleration board by the end of 2024, mainly from sectors such as consumer goods, technology, and property. Minister Maman emphasized the role of these medium enterprises as anchors for millions of micro and small businesses across Indonesia, fostering economic growth through supply chain partnerships. This initiative aligns with President Prabowo Subianto’s vision of industrial downstreaming and strengthening productive sectors. By going public, medium enterprises not only enhance their business resilience but also create opportunities for micro and small businesses to expand and scale up their operations.
Minister Launches RISE To IPO: New Financing Breakthrough for Medium Enterprises
