Indonesia’s Minister of Micro, Small, and Medium Enterprises (MSMEs), Maman Abdurrahman, officially launched the RISE To IPO program, an alternative financing solution designed to support the growth of medium-sized businesses.

According to Minister Maman, one of the biggest challenges faced by medium enterprises in Indonesia today is not just limited to access to capital, but also the lack of long-term, sustainable financing schemes tailored to their needs.

“At the same time, Indonesia’s capital market continues to grow as a promising source of alternative funding,” said Minister Maman during the launch event for the RISE To IPO: Empowering Medium Enterprises to IPO program in Jakarta, Wednesday (July 9, 2025).

He emphasized that the RISE To IPO initiative is a concrete answer to this financing gap.

“This program serves as a transformative bridge, encouraging medium enterprises to upgrade — from private companies to publicly listed ones that are more structured, transparent, and competitive,” he added.

Minister Maman cited data from the Indonesia Stock Exchange (IDX), showing that by the end of 2024, 42 medium-scale companies had been listed on the acceleration board, the majority from the consumer goods, technology, and property sectors.

“These medium enterprises are expected to become anchors for millions of micro and small businesses across Indonesia,” he said.

He explained that a robust and competitive medium enterprise can act as both off-taker and aggregator in a supply chain partnership, creating a multiplier effect on the national economy.

This effort aligns with President Prabowo Subianto’s Asta Cita — a vision that underscores the importance of industrial downstreaming and strengthening productive sectors.

“By becoming public companies, medium enterprises will not only enhance their own business resilience but also open up greater opportunities for micro and small enterprises to grow and scale up their operations,” the minister concluded.