BPPT to set up business center

BPPT to set up business center

JAKARTA: The Agency for the Assessment and Application of Technology (BPPT) signed on Wednesday a memorandum of understanding with venture capitalist PT Bahana Artha Ventura and the Bandung Institute of Technology (ITB) to establish a business technology center.

The center is aimed at developing small- and medium-scale enterprises (SME) through the application of science and technology.

BPPT chairman M. Hatta Radjasa, who is also State Minister of Research and Technology, said the center would provide SMEs with assistance in accounting, legal affairs, communication, promotion and marketing.

ITB is supporting the program with technology and experts, while Bahana will raise funds and manage the finances of enterprises assisted by the center.

Bahana has earmarked around Rp 2 billion in initial capital for the program. -- JP