In his inaugural address on Sunday, resident Prabowo Subianto stressed that despite Indonesia being a member of the Group of 20 (G20), poverty remains widespread in the country. He identified the lack of decent employment as the main factor contributing to Indonesia’s poverty levels.
Like other important economic factors, youth and women’s entrepreneurship forms the backbone of future employment and therefore plays a key role in driving Indonesia’s economic growth.
Unfortunately, the recent United Nations World Youth Report highlights that NEET (not in education, employment or training) rates among the world’s young people remain a concern, with traditional approaches to entrepreneurship and employment. It shows that a ‘business as usual’ approach is still insufficient. This is the level of job creation that many people had hoped for.
The introduction of new technologies may offer promising solutions. In this context, the newly rebranded Ministry of Communications and Digital under President Prabowo’s administration, together with other ministries, can play an important role in promoting digital youth and women’s entrepreneurship.
For example, social media has enabled companies like Indonesia’s Amartha.com to offer peer-to-peer lending platforms, allowing rural women to secure funding to start and grow local businesses. I did. Platform technology is enhancing access to capital by youth and women entrepreneurs, and facilitating similar initiatives could help remove barriers they face in launching and scaling their ventures. There is.
But technology also poses challenges to youth and women’s entrepreneurship.
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One of the main challenges lies in the transition from traditional entrepreneurship to digital entrepreneurship. While this change brings great opportunities, especially for women and young people, it also brings new challenges.
