Jakarta – During this 4.0 industrial revolution era, which requires people to master technology, Indonesian start-up companies are urged to have the ability to innovate to compete with rivals from other countries. It is therefore important to nurture newcomers through the incubation process.

The Technology Business Incubator (IBT) is an intermediary agency that seeks to develop new entrepreneurs in techno-based business during a particular period. IBT’s roles – assistance and service – are based on two regulations on business incubation issued in 2013 and 2015.

The directorate for science, technology and higher education organisation at the ministry of research, technology and higher education teamed up with the Indonesian Business Incubator Association (AIBI) to hold the National Forum for Technology Business Incubation recently. The event was held at Hotel Ayana in Jakarta on December 3 and was opened by minister for research, technology and higher education Mohamad Nasir.

Nasir said in his opening speech that it was important to gather inventors, innovators and incubators at a same event. A country can be considered developed if its small- and medium-scale enterprises are over 5 percent, while Indonesia’s figure is still 1.6 percent.

“This is still far away from our target. That’s why we need to spur the innovation that lead to the creation of industry, as instructed by the president,” said Nasir.

Nasir said university-made research prototypes should also be applied in the industry. He said he believed that it could advantage the society. Therefore, incubation is needed to nurture new players.

“A great research and innovation culture is nothing without incubation,” said Nasir.

Nasir said universities should establish their own incubation units in the future. The aim is to create more techno-based companies.

Until 2018, the ministry has been able to develop 44 IBTs and establish five new IBTs outside Java.

Patdono Suwignjo, director for science, technology and higher education organisation, said: “IBT is important in the development of start-up companies in Indonesia.”

At the same occasion, AIBI head Asril Syamas expressed his appreciation to the ministry for its assistances in the effort to create new businessmen.

Nasir also bestowed on six IBTs awards for best incubators. They were:

  1. Incubie from Bogor Agricultural University (IPB)
  2. University of Indonesia’s directorate for business innovation and incubation (DIIB UI)
  3. Yogyakarta State University’s agency for research and service (LPPM UNY)
  4. Skystar Venture from the Multimedia Nusantara University (UMN)
  5. The Central Java’s innovation and business incubator (Inwinov Jateng)
  6. Maleo Techno Centre