UNDP helps small business

UNDP helps small business

JAKARTA (JP): The Bandung-based Indonesian Cooperative
Management Institute, in cooperation with the United Nations
Development Program (UNDP), set up a business incubator yesterday
for developing small and medium enterprises.

Harry Haryanto Hartono, project coordinator at the UNDP's
Private Sector Advisory Council, said here that the new business
incubator is the seventh to be set up in Indonesia, in addition
to those in Solo of Central Java, Surabaya of East Java and Bogor
of West Java.

The UNDP has allocated grants totaling US$1.65 million for the
development of small and medium enterprises in the country since
1990. Of the amount, $485,000 has been channeled through business
incubators. (rid)