By: Nikkei Asian Review
March 5, 2015
Rudiantara, Indonesia's new minister of communications and information technology, unveiled plans in February for a $1 billion national fund for tech startups. The ministry is trying to convince several domestic conglomerates to pledge this amount by the end of the year. Afterward, it plans to invite private venture capital firms to help manage the funds.
The minister has also promised to reduce the red tape companies have to overcome when they apply for business permits and licenses.
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