Jakarta, CNN Indonesia —
Minister of SOEs Erick Thohir mentions President Joko Widodo (Jokowi) will launch the Red and White funding pool fund in mid-December. The goal is to fund digital companies or unicorns made in Indonesia.
“We are now preparing Red and White fund, which we will launching by the President, hopefully if it doesn’t miss mid-December,” he explained at the Technopreneur Fesh event of the Indonesian Young Entrepreneurs Association (Hipmi), Friday (11/19).
He said the initiation was made because various digital companies made by the nation’s children were already dominated by foreign investors.
“We ourselves have never intervened in this digital activity, that’s why welaunching Red and white fund,” added Eric.
To be funded through Red and White fund, Erick explained that there are three conditions that must be met by digital companies.
First, inventor or founderit is Indonesian. Second, the company operates in RI. Third, must go public on the domestic stock exchange board. “Just like MSMEs, there must be funding, assistance and support off taker,” he explained.
Agreeing with Erick, Trade Minister Muhammad Lutfi stated that various Indonesian unicorns, such as Tokopedia, Gojek, OVO, Magic, Bukalapak, Traveloka, et al, have been controlled by Singapore.
He said don’t be happy that RI has a lot unicorn, because after all, those who have dominant shares are not Indonesian investors.
“But don’t be happy just yet, who’s in control over unicorn-unicorn this? It’s not Indonesia, which is actually Singapore,” he said.
He said that the potential of Indonesia’s digital economy would be very large, if today it is only around US$44 billion, then in 2030 it has the potential to grow about 8 times to US$323 billion.
(wel / sfr)
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