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)