SME Featured Southeast Asia

Indonesia’s ministry of communications brings “10×1000” fintech program to SMEs

Jakarta, Indonesia – The Ministry of Communication and Informatics in Indonesia (Kominfo) today announced its partnership with fintech training platform 10×1000 Tech for Inclusion (10×1000) to recruit local talents to enrol in 10×1000’s ‘Flex’ Fintech Foundation Program.

This partnership forms part of Kominfo’s Digital Entrepreneurship Academy (DEA) program, which aims to prepare and nurture talents to accelerate digital transformation in the field of entrepreneurship and to improve the digital economy, with a target of 60,000 people being trained in 2022.

According to Hary Budiarto, head of HR & research agency at Ministry of Communication and Informatics, the results of the program are expected to improve the quality of MSMEs and promote the digital economy in Indonesia. 

With the vision to train 1,000 emerging talents and tech leaders each year for ten years, 10×1000 saw a total of 1,067 learners from 66 countries and regions complete its “Flex” Fintech Foundation Program and Fintech Leadership Program in 2021. Of which, more than 150 learners were from Indonesia, making the country the second-largest globally in terms of learner intake.

“We are deeply encouraged by the overwhelming responses from Indonesia last year, and excited to partner with Kominfo to further expand the reach in Indonesia and make ‘Flex’ available to more local entrepreneurs and professionals to enhance their fintech mindset, knowledge and skills to better allow them to drive digital economic growth,” said Jason Pau, program lead of 10×1000.

“Technology pervades nearly every aspect of our lives, and we hope this partnership will help Indonesia bridge its digital skills gap while empowering and improving the lives of local communities. Together with Kominfo and other local partners, we look forward to contributing more to Indonesia’s digital development goals,” added Pau.

Registration for the ‘Flex’ Fintech Foundation Program is now open through Kominfo’s Digital Entrepreneurship Academy website. The first batch of training is slated to start on 6 June. 

The partnership with Kominfo is the latest effort by 10×1000 to deepen its collaborations with partners worldwide. Globally, 10×1000 has forged partnerships with the IFC, United Nations Economic Commission for Africa, UN World Food Programme, SME Finance Forum Managed by the IFC, Dubai International Financial Centre as well as MDEC and KPMG, among others.