Minister Launches RISE To IPO: Financing Breakthrough for Medium Enterprises

Minister of Micro, Small, and Medium Enterprises (MSMEs) in Indonesia, Maman Abdurrahman, recently introduced the RISE To IPO program, a financing solution aimed at supporting the growth of medium-sized businesses. The Minister highlighted that medium enterprises in Indonesia often struggle with access to capital and lack sustainable financing options tailored to their specific needs. The launch event for the RISE To IPO program took place in Jakarta on July 9, 2025, where Minister Maman emphasized the potential of Indonesia’s capital market as a viable funding source. The program is designed to bridge the financing gap by encouraging medium enterprises to transition from private companies to publicly listed entities, promoting a more structured, transparent, and competitive business environment. Data from the Indonesia Stock Exchange (IDX) indicates that 42 medium-scale companies were listed on the acceleration board by the end of 2024, primarily operating in consumer goods, technology, and property sectors. Minister Maman believes these medium enterprises can play a crucial role in supporting millions of micro and small businesses across the country, acting as anchors in the supply chain and driving economic growth. This initiative aligns with President Prabowo Subianto’s Asta Cita vision, emphasizing the importance of industrial downstreaming and strengthening productive sectors. By going public, medium enterprises can enhance their resilience and create new opportunities for the growth and expansion of micro and small businesses.

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