Metro, Suara.com- The Ministry of Cooperatives and SMEs (KemenKopUKM) held an incubation program titled Business Incubation Bootcamp to increase the capacity of startups in seven cities to create startups that are innovative, sustainable, and absorb the workforce from young entrepreneurs.
The IBISMA UII Business Incubation Bootcamp was held intensively for 3 days (fullday) 4-6 August 2022 at Crystal Lotus Hotel, Yogyakarta.
“In this regard, KemenKopUKM has prepared a Startup Facilitation and Guidance program. Startups really need incubation to increase their survival rate,” said the Assistant Deputy for Information Technology Development and Business Incubation, KemenKopUKM Deputy for Entrepreneurship Christina Agustin, at the opening of the Business Incubation Bootcamp in Yogyakarta, Thursday (04/08/2022).
The program is intended to support the improvement of incubation services for startup tenants. “This program is expected to create startups that are innovative, sustainable, and absorb the workforce from young entrepreneurs,” said Christina.
As part of a series of implementations of this national-scale facilitation program, in 2022 KemenKopUKM will carry out Startup Capacity Building activities in 7 seven regions including Yogyakarta, Bogor, Depok, Tangerang, Padang, Bandung, and Semarang, with an output target of 100 new startups.
The first Startup Capacity Building activity was held in the DIY Province. In this case, KemenKopUKM collaborates with the business and technology incubator institution IBISMA Universitas Islam Indonesia (IBISMA UII) to provide capacity building through the ‘Business Incubation Bootcamp’ program for startups.
IBISMA UII is also one of the startup ecosystem builders in Yogyakarta that has synergized with the DIY UKM Cooperative Office in recent years through various INBIS UMKM Upgrading incubation programs and also FoodBiz Innovation.
“So, it is hoped that a harmonious collaboration can be created in the development of regional and national entrepreneurship,” said Christina.
The Business Incubation Bootcamp, which is attended by novice entrepreneurs and startups/potential businesses, aims to enable each startup to be able to test products that will be accepted by the market (Product Market Fit) that have been developed previously.
In addition, to ensure that the startup/business has good financial fundamentals as well as strong legal and intellectual property aspects, build a strategy to launch products, and be able to develop these products so that they are ready to be marketed to the public on a national and international scale.
Meanwhile, UII’s Director of Entrepreneurship Development and Development Arif Wismadi said that the target of this activity is startups that have the advantages of innovation, creativity, technology, and measurable business projections, prioritized on technology-based, environmentally sound, export-oriented or substitution-oriented businesses. imports, and/or creative industries.
According to Arif, UII’s entrepreneurship development program is an effort to increase the ratio of entrepreneurship at the university level and also in Indonesia. The contribution that has been achieved is the increase in the ratio of UII alumni who are entrepreneurs from 4.74 percent in 2017, to 14 percent in 2021.
This is achieved through the development of institutional capacity and incubator services with the support of the Erasmus + GITA and Erasmus + Angel Programs from the European Union.
Head of the IBISMA UII Business Incubator Amarria Dila Sari added, “This Bootcamp presents expert speakers and practitioners in various fields. Starting from the business mindset, startup 101, product testing and validation, financial performance evaluation, business legality, standardization and Intellectual Property as well as export preparation and facilitation.
