Indonesia allocates US$564 million KUR for creative sector - ANTARA News
Jakarta (ANTARA) - Creative Economy Minister Teuku Riefky Harsya said the government has allocated Rp10 trillion (US$564.5 million) in subsidized People’s Business Credit (KUR) for intellectual property-based creative businesses in 2026.
“The intellectual property certificates issued by the Ministry of Law can be used as collateral,” Harsya said at a press conference on the Indonesia Animation Report 2026 in Jakarta on Tuesday.
He said the government approved the Rp10 trillion KUR allocation for 2026, offering loans of up to Rp500 million (about US$28,225) for creative-sector startup entrepreneurs.
However, Harsya noted that intellectual property certificates will initially function only as supplementary collateral rather than primary guarantees.
He added that applicants must operate active businesses for at least two years and generate average monthly revenue of at least Rp50 million (around US$2,822).
According to Harsya, access to financing remains the main obstacle for Indonesia’s animation industry, with around 85 percent of animation studios still facing capital constraints.
To support the financing program, the Ministry of Creative Economy has inaugurated Indonesia’s first 64 intellectual property appraisers, or IP valuators.
“For the first time in Indonesian history, we now have IP valuators,” Harsya said.
“They will help the domestic creative industry assess intellectual property assets,” he added.
The Indonesia Animation Report 2026 was launched as a comprehensive study mapping the condition, opportunities, and challenges facing the national animation industry.
The industry expanded from around Rp240 billion (US$13.5 million) in 2015 to Rp800 billion (US$45.2 million) in 2025, reflecting average annual growth of 13 percent over the past decade.
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Indonesia allocates US$564 million KUR for creative sector
May 19, 2026 20:23 GMT+700
Creative Economy Minister Teuku Riefky Harsya delivers remarks at the launch and press conference of the Indonesia Animation Report 2026 in Jakarta on Tuesday (May 19, 2026). (ANTARA/Farika Nur Khotimah)
Translator: Farika Nur, Raka Adji