Jakarta \u2014 Hendry Munief, a member of Commission VII of the Indonesian\nHouse of Representatives, has expressed support for the creative economy\nsector to access people\u2019s business credit (KUR) funds and to use\ncreative works as collateral or business guarantees.<\/p>\n
This statement was made by Hendry in response to the Ministry of\nCreative Economy\u2019s plan to distribute KUR funds based on intellectual\nproperty with a total value reaching Rp10 trillion. He welcomed the\ngovernment\u2019s initiative.<\/p>\n
\u201cThis is excellent because it opens opportunities for creative\neconomy practitioners to grow and develop. One of the things we are\npromoting is how local creative economy practitioners can utilise this\nto sell local culture and wisdom at the national and global level,\u201d he\nsaid in a statement received in Jakarta on Wednesday.<\/p>\n
According to him, local creative economy practitioners should be\nfacilitated to obtain collective intellectual property rights as a\nheritage of Indonesian culture. He stated that local creative economy\npractitioners have so far operated independently without maximum\nfacilitation.<\/p>\n
He gave an example that Riau Province possesses considerable cultural\nheritage and local wisdom, but creative economy practitioners have not\nyet been reached in terms of banking access. Local creative economy\npractitioners in Riau are said to operate mainly out of their love for\nMalay cultural heritage.<\/p>\n
\u201cI have found many creative economy practitioners in Riau, in\nparticular, operating on a self-help basis. Yet the potential of Riau\u2019s\ncreative economy is quite good for development,\u201d said the legislator\nfrom the Riau electoral district.<\/p>\n
He is convinced that the same situation occurs in other regions.\n\u201cTherefore, with the Ministry of Creative Economy\u2019s policy, there is\ncertainly an opportunity for local creative economy practitioners to\ngrow and develop,\u201d he said.<\/p>\n
On the other hand, he assured the banking sector that creative works\nare Indonesian cultural wealth worthy of being used as collateral or\nbusiness guarantees.<\/p>\n
In this regard, Hendry hopes that the banking sector will consider\nproviding capital access to creative economy practitioners and be\nwilling to consider intellectual property as primary collateral in loan\napplications.<\/p>\n
He cited that countries such as South Korea, Japan, the United\nStates, and China also apply the same approach.<\/p>\n
\u201cIt should be noted that according to data, Indonesia ranks third in\nthe world in the creative industry. This is certainly an important asset\nfor us because Indonesia possesses tremendous potential to compete on\nthe international stage,\u201d he concluded.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/parliamentary-commission-vii-member-supports-creative-economy-sector-access-to-peoples-business-credit-and-1773205027", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }