UGM’s efforts in providing financial assistance to local start-ups is equipped with a comprehensive support system designed to help emerging entrepreneurs grow and sustain their businesses.
UGM’s Directorate of Business Development and Incubation plays a strategic role in enhancing the productivity of businesses, particularly local MSMEs and startups, as well as accelerating incubation and downstreaming of research outcomes. The Directorate handles the management of science and technology areas through the UGM Science Techno Park (UGM STP), which is a productive platform based on research and innovation. Several government grants are facilitated, among them the Matching Fund and Promoting Research and Innovation through Modern and Efficient Science and Technology Parks Project (PRIME STeP) schemes.
The PRIME STeP produces three kinds of grants; the Innovation Grants, which is given to researchers from UGM, the Startup Grants, and the Tenants Grant. The Startup Grant Program was launched in partnership with the Asian Development Bank. This grant provides startups with a wide array of resources, including mentorship, shared workspaces, networking opportunities with UGM’s business units, industry players, and government bodies, multi-year financial backing, and access to UGM’s labs and research facilities. In 2024, 10 local startups were given the Startup Grant and 17 UGM researchers received the Applied Research Grant.
The Directorate of Community Service organized the UMKM Class Series, training programs aimed at enhancing MSME resilience and promoting sustainable economic growth. The materials covered topics such as Business Planning using the Business Model Canvas (BMC), Financial Management, and Strategies to strengthen consumer trust and ensure food safety.
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