Venture capital for firms

Venture capital for firms

BANDUNG (JP): PT Sarana Jabar Ventura (SJV) said yesterday it
had given financial help to 130 small to medium companies since
it was established three years ago.

"The amount we allocate varies but does not exceed Rp 500
million (US$205,676)," the company's president Yani Rodyat
Panigoro said.

Yani said the company received thousands of requests from
companies wanting financial assistance, but only innovative and
marketable proposals were accepted.

He cited as an example a company that suggested making a
catalyst for septic tanks, "this kind of innovation is very
marketable".

But only five out of the 130 firms used technology like that,
he said.

Yani said Sarana Jabar had Rp 85.75 billion in capital and 705
shareholders. (ahy/das)