Antara News·Indonesia·Thursday, October 29, 2026 at 09:27 AM UTC

Govt helps 50 Batam entrepreneurs unlock Rp4.8 bln in Sharia financing

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Fitra Ashari, Uyu Liman

Jakarta (ANTARA) - Indonesia’s Ministry of Creative Economy has facilitated 50 creative entrepreneurs in Batam, Riau Islands, to access potential Sharia-compliant financing worth Rp4.8 billion (approximately US$264,594) through the Islamic Creative Economy Founders Fund (ICEFF).

The initiative aims to expand access to Islamic capital through capacity building, business mentorship, and direct matchmaking with Sharia financial institutions.

Creative Economy Minister Teuku Riefky Harsya emphasized in an official statement received here on Wednesday (October 28) that access to capital must be matched by business readiness to ensure sustainable enterprise growth.

"The ministry continues to ensure that creative economy players possess not only viable ideas and creative products, but also business maturity and suitable access to financing," Harsya said.

Organized by the ministry’s Directorate for Access to Funding, Financing, and Investment, the ICEFF bootcamp — held on October 20–21 — was designed to help entrepreneurs prepare their funding requirements, from drafting comprehensive business plans to pitching proposals to prospective financiers.

The ministry’s Director of Access to Funding, Financing, and Investment Development, Anggara Hayun Anujuprana, stated that the program bridges the gap between small business owners and Sharia financial institutions.

"Proper financing stems from well-prepared businesses. ICEFF equips entrepreneurs to draft comprehensive business plans, clearly articulate their capital requirements, and explore suitable financing opportunities," Anujuprana explained.

During the two-day bootcamp, participants attended workshops covering creative economy financing avenues, Islamic capital mechanisms, and pitch-deck formulation. On the second day, participants pitched their plans directly to financiers to align their expansion needs with available funding schemes.

The event was held in collaboration with the Young Entrepreneur Academy (YEA) and seven Sharia financial institutions: Bank Syariah Indonesia (BSI), Bank Syariah Nasional (BSN), Pegadaian Syariah, Maybank Syariah, BRK Syariah Batam, BPRS Syariah Madani, and BPRS Vitka Central.

The ministry’s Deputy for Strategic Development of Creative Economy, Mohammed Ali Berawi, noted that business readiness and close synergy with financial institutions are critical pillars in strengthening regional creative ecosystems.

Echoing this view, Head of the Batam Culture and Tourism Office Ardiwinata highlighted that cross-sector collaboration among the government, business communities, and financial institutions is vital to elevating the competitiveness of local creative players.

Following the bootcamp, the ministry is encouraging prompt follow-ups to realize the financing potential according to formal risk and eligibility assessments conducted by the participating financial institutions.

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