Jakarta (VNA) – The Indonesiangovernment has established a new directorate to support the country’sstart-ups, said Indonesian Research and Technology Minister Bambang Brodjonegoro.

Speaking on the sidelines of the NextICornInternational Summit 2019 recently held in Bali, the minister affirmed that thedirectorate was set up to help achieve the target of 1,000 startups put forwardearlier by the Communication and Information Technology Ministry.

The technology start-up directorate istasked with bringing into existence as many start-ups as possible and helpinglocal start-ups look for global investments.

It was founded jointly by the Indonesiangovernment, the Venture Capital Association for Indonesian Start-ups(Amvesindo) and consulting firm Ernst & Young.

Minister Bambang Brodjonegoro added thenext Indonesian unicorn start-ups are expected to be born from this program,which is currently fostering around 700 pre-start-ups and 500 start-ups.

Former Minister of Communication andInformation Technology Rudiantara, initiator of the “1,000 startups” programme,said Indonesian start-ups have big potential with a spacious room to grow inSoutheast Asia’s biggest economy./.