JABAR EKSPRES – The Education Fund Management Institution (LPDP) launched a new activity program called 5ME2045: LPDP Business Competition 2023 to call on start-up entrepreneurs and those with business ideas to compete to offer and develop their innovations.
LPDP Scholarship Director, Dwi Larso said, that Indonesia needs entrepreneurs with opportunity-based businesses, which are businesses supported by technology, knowledge, networking aspects of capital, and human resources. Increasing the number of opportunity-based entrepreneurs is very important because it contributes to increasing gross domestic product (GDP) per capita.
“LPDP wants to support all Indonesian people to achieve economic democracy, one of which is by sowing the seeds of entrepreneurs to the younger generation and forming an entrepreneurial ecosystem, bringing together potential investors, mentors, and inspiring entrepreneurs,” Dwi Larso said at the launch event, as quoted from an official statement, on Monday (5/15).
Five Million Entrepreneurs or 5ME for short is the LPDP Business Competition’s achievement target to create five million entrepreneurs by 2045. At its inaugural launch, the LPDP Business Competition 2023 targets to grow the seeds of 5,000 young Indonesian entrepreneurs.
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He explained that there are two business categories held in the LPDP Business Competition, namely Business Initiation Plan and Business Growth Plan. A business Initiation Plan is intended for entrepreneurs who have an idea or business plan and have been running it for a maximum of two years.
This category is open to entrepreneurs who have been in business for less than two years. SMA/SMK/MA/equivalent students can participate in this category.
Meanwhile, the Business Growth Plan category is for entrepreneurs whose business has been running for two to five years and has the potential to grow bigger. Participants in this category are also asked to show a clear and detailed business and growth strategy.
