New venture capital firm

Sat, 28 Oct 1995, 00:00 WIB | Source: JP

JAKARTA (JP): Minister of Finance Mar'ie Muhammad inaugurated
yesterday PT Sarana Sulut Ventura, a venture capital company
based in Manado, North Sulawesi.

According to the company's director, A.N. Mokodompit, Sarana
Sulut Ventura has a paid-up capital of Rp 3.4 billion (US$1.49
million) and is owned by 16 shareholders.

Mar'ie was quoted by Antara as saying that venture capital
will play an increasingly important role in helping small
companies with high growth prospects.

Venture capital firms help to reduce the gap between small and
big businesses, he said, adding that many small firms in
developing countries have used venture capital to become solid
companies.(pwn)

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