Minister Launches ‘RISE To IPO’: Financing Breakthrough for Medium Enterprises

Maman Abdurrahman, the Minister of Micro, Small, and Medium Enterprises (MSMEs) in Indonesia, has introduced the RISE To IPO program, an innovative financing solution aimed at supporting the growth of medium-sized businesses. He highlighted that medium enterprises in Indonesia are facing a challenge in accessing long-term, sustainable financing options specific to their needs. Minister Maman pointed out that the capital market in Indonesia is rapidly expanding as an attractive alternative funding source for these businesses. The RISE To IPO initiative is positioned as a crucial response to the financing gap identified by the minister. By encouraging medium enterprises to transition from private companies to publicly listed entities, the program aims to enhance their structure, transparency, and competitiveness. Minister Maman referenced data from the Indonesia Stock Exchange (IDX), revealing that 42 medium-scale companies were listed on the acceleration board by the end of 2024, predominantly from the consumer goods, technology, and property sectors. These medium enterprises are envisioned to play a pivotal role in supporting millions of micro and small businesses throughout Indonesia. The minister emphasized that strong and competitive medium enterprises can serve as key off-takers and aggregators in supply chain partnerships, generating a positive ripple effect on the national economy. This initiative aligns with President Prabowo Subianto’s Asta Cita vision, emphasizing industrial downstreaming and the strengthening of productive sectors. Minister Maman concluded by stating that as public companies, medium enterprises can boost their business resilience and create new growth opportunities for micro and small enterprises.

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