Investors in startups have expressed hope that the new government will encourage the growth of the industry by issuing progressive regulations.
The expectation is for regulations that support the growth of startup industries, especially those heavily reliant on regulations, such as financial services, healthcare, climate, and agriculture.
Investors are particularly interested in new regulations regarding corporate taxes and company permits that are more efficient.
Aldi Hartanto, Partner of Ascent Ventures (a subsidiary of Telkom), expressed the hope that the government will provide progressive and business-friendly regulations for founders and businesses, especially in industries dependent on regulatory frameworks.
Meanwhile, Agung Bezharie, Partner of Antler Indonesia, mentioned that the long-term vision of the previous Indonesian government was good and only needs to be executed properly.
The recent quick count results show that Prabowo Subianto-Gibran Rakabuming Raka pair is leading in the 2024 presidential election. The winning candidates have promised to provide credit for startups and support digital downstreaming.
Gibran has mentioned earlier their plan to add more credit for millennial startups, focusing on businesses based on innovation and technology. However, specific details about the startup credit program were not provided.
Gibran emphasized that the startup credit program would complement existing services, such as People’s Business Credit (KUR), Mekar Credit, micro endowments, and ultra-micro credits.
Additionally, the pair also plans to pay attention on the development of the younger generation, supporting millennials, Generation Z, and students. The exact details of the startup credit program, including the involvement of state-owned enterprises (BUMN) and the private sector, are yet to be revealed.
