Jakarta (ANTARA) - Minister of Micro, Small, and Medium Enterprises (MSMEs) Maman Abdurrahman said his ministry is prepared to facilitate easier access to financing for MSME players in the creative industry."We are currently initiating and building communication to provide access to financing for creative industry players, especially those with intellectual property (IP)," he said in Jakarta on Friday.
He explained that IP, found in creative products such as music and films, is an intangible asset that could be used as collateral for financing.
"IP is an intangible asset. Songs, music, and films are based on IP, which so far may not have been able to be used as collateral for financing," he noted.
Abdurrahman acknowledged that using IP as collateral requires further study and preparation.
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To this end, he said the Ministry of MSMEs is coordinating intensively with relevant ministries and agencies, including the Ministry of Law and the Ministry of Creative Economy, to realize this goal.
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"We have started to intensify coordination to provide greater opportunities for creative industry players, expand financing access, and use IP as a collateral asset," he remarked.
Earlier, in May, the Ministry of MSMEs and the Ministry of Creative Economy established a strategic collaboration to launch the Accelerating Indonesia Creative Exports (AKSI) 2025 program as a concrete step to boost creative economy product exports from MSMEs.
