MSME Ministry Targets 3.6% Entrepreneurship Ratio by 2029
Jakarta (ANTARA) - The Ministry of Micro, Small and Medium Enterprises (MSMEs) is striving to raise the national entrepreneurship ratio to 3.6 per cent by 2029 through strengthening the entrepreneurial ecosystem, including collaboration with universities to produce more young entrepreneurs.
Deputy for Entrepreneurship at the Ministry of MSMEs, Riza Damanik, said in a press statement in Jakarta on Monday that the ecosystem strengthening is being carried out through the implementation of Presidential Regulation Number 38 of 2026 on National Entrepreneurship Development.
The regulation serves as a guideline for building the entrepreneurship ecosystem through collaboration between ministries and agencies, regional governments, universities, the business community, communities, and various other stakeholders.
“This major policy is directed at accelerating the increase of the national entrepreneurship ratio to 3.6 per cent by 2029 and achieving the optimistic target of 8 per cent by 2045,” said Riza at the Wirausaha Muda Mahasiswa (Wibawa) Grow Day 2026 event at Sebelas Maret University (UNS) in Surakarta, Central Java, on Saturday (18/7).
According to him, entrepreneurship development cannot be carried out by the government alone, but requires synergy among various parties, including universities as the birthplace of young entrepreneurs.
“Universities are not enough merely producing graduates who are ready to work. Campuses must also become places where innovators, entrepreneurs, and job creators are born,” he said.
He added that not all graduates need to become entrepreneurs, but every graduate needs to have an entrepreneurial mindset, such as being sensitive to problems, daring to take measured risks, being able to present solutions, and creating value for society.
To support this target, the Ministry of MSMEs is running the Collaborative Productive PRO-KESRA Programme through Wibawa Grow Day 2026 to strengthen the capacity of young entrepreneurs so they become productive, innovative, and competitive business players.
The Ministry of MSMEs is also integrating entrepreneurial coaching with the SAPA UMKM platform, which is designed to reach around 57 million MSME players in Indonesia. Through the platform, business players can access various services, ranging from financing, certification, business licensing, and training, to business development information.
In addition, the government is strengthening the role of 754 business incubator institutions in various regions to assist prospective entrepreneurs, startups, and MSMEs so they can develop more innovative and competitive businesses.
Riza expressed hope that the synergy between the government and universities through this programme can serve as an inspiration for other campuses across Indonesia to give birth to more resilient, innovative, and competitive young entrepreneurs capable of driving national economic growth.