Venture capital in Ambon

Venture capital in Ambon

JAKARTA (JP): Minister of Finance Mar'ie Muhammad and Minister
of Cooperatives and Small Enterprises Subiakto Tjakrawerdaya
inaugurated a venture capital company, PT Sarana Maluku Ventura,
in Ambon, Maluku, yesterday.

"The establishment of the venture capital firm is aimed at
helping finance small and medium enterprises as well as
cooperatives," Mar'ie said.

Sarana Maluku Ventura, the 19th venture capital company in
Indonesia, was set up with Rp 3 billion (US$1.2 million) in
capital from 24 businesspeople, 12 companies, and the state-owned
venture capital company, PT Bahana Artha Ventura.

Bahana Artha Ventura has a Rp 18.65 billion stake in
Indonesia's 19 venture capital firms, equal to 22 percent of the
19 firms' total capital of Rp 84.5 billion.(kod)