Head of BKPM: Bureaucracy Reform Develop Digital Sector Innovation

INDUSTRY.co.id - Bali, Head of the Investment Coordinating Board (BKPM), Thomas Lembong, said that the ease of bureaucracy and regulation or light touch regulation will make innovations in the sector of the digital economy grow indefinitely.

"The percentage of the possibility of the pioneering business in the digital field has failed so greatly, therefore, the government needs to support them through this bureaucratic reform," he said in his opening speech in the opening of The 1st Nexticorn International Summit at Nusa Dua Convention Center, Bali (9/5/2018).

According to Thomas Lembong, the presence of pilot companies should be supported by regulations that open opportunities for innovation and new breakthroughs.

"This regulation intends to regulate with leniency that opens up innovation space and experiments to make the innovation real," he said.

The choice of policy is not without reason, the Head of BKPM always try to make sure that the bureaucracy system is simpler and not complicate the investor through the application of light touch regulation.

He also believes together Minister of Communications Rudiantara can facilitate the bureaucracy of the digital economic sector that has been stealing the attention of the Head of State.

"Our President also understands and has realized this. Therefore the government is reforming the bureaucracy, "he added.

Thomas Lembong who represents the President of the Republic of Indonesia in the opening of The 1st Nexticorn International Summit said that the government will provide a conducive regulation in order not to distress the pioneer business. Because the digital economy sector in this e-commerce has attracted the second largest global investor after the mining sector. Indonesia is considered quite ogled the world's investors, especially in the field of digital startup.

With the theme "Voyage to Indonesia as Digital Paradise", the activity
1st Nexticorn International Summit has brought 98 investors from 67 venture capital firms. The forum targets to facilitate meetings between investors and potential startups from Indonesia.

On the first day alone has booked more than 2000 scheduled meetings. Attending the event were Minister of Communication Rudiantara and Shailendra Singh from Sequoia Capital, a venture capital company that has funded 2 of 4 Unicorn Indonesia.