TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) has planned to work with Bank Mandiri in facilitating startup companies to be registered as IDX members.
IDX president director Tito Sulistio said that Bank Mandiri's CSR Unit had been in communications with the relevant authorities to build an office on a 600-square-meter land near the Bapindo building.
"We will build a place containing 60 platforms. Startup companies may register there, but they have to pay. We will also help them on how to create a limited company, legal account and others," Tito said at the IDX in Jakarta on Thursday, October 20, 2016.
Tito added that the startup companies would be introduced to venture capitalists, so that they would have capitals used for expansions.
"Our target is to make them exist, can conduct an IPO, and get listed at the IDX," Tito said.
IDX’s assessment director Samsul Hidayat said that the initiative would not only target startup companies, but also small and medium businesses to promote their growth.
Therefore, the IDX will prepare a special regulation and treatment so that the developing companies can be listed in accordance with regulations set by the Financial Services Authority (OJK).
"So, there will be a full coordination between the IDX and the OJK to promote SMEs and startup companies to go public," Samsul said.
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