Report Launch Event
An Overview of Support for Women
Entrepreneurs in Indonesia and
Canada: Focus on SMEs and Start-Ups
Jakarta, 27 March 2019
About TPSA Project and ANGIN
TPSA is a five-year, C$12-million project funded by the Government of
Canada through Global Affairs Canada and executed by The Conference
Board of Canada.
The overall objective of TPSA is to support greater sustainable economic
growth and reduce poverty in Indonesia through increased trade and
trade-enabling investment between Indonesia and Canada.
ANGIN is the first and largest angel network in Indonesia. The
organization supports Indonesia’s economic development by
facilitating angel investment in the next generation of
entrepreneurs and by bringing best-in-class practices to
Indonesian early-stage investment.
Research Highlights
An Overview of Support for Women
Entrepreneurs in Indonesia and
Canada: Focus on SMEs and Start-Ups
What does the report cover?
‣ The state of women entrepreneurs in Indonesia and Canada
(i.e. general landscape, characteristics, barriers)
‣ Government’s interventions (i.e. policies and regulation) to
promote and support women entrepreneurs in Indonesia and
Canada
‣ Women-focused programs by the government, academia,
and private sector in Indonesia and Canada
‣ Women-focused financing products by the government and
private sector in Indonesia and Canada
4
What does the report cover?
‣ The state of women entrepreneurs in Indonesia and
Canada (i.e. general landscape, characteristics, barriers)
‣ Government’s interventions (i.e. policies and regulation) to
promote and support women entrepreneurs in Indonesia and
Canada
‣ Women-focused programs by the government, academia,
and private sector in Indonesia and Canada
‣ Women-focused financing products by the government and
private sector in Indonesia and Canada
5
Summary: General landscape and characteristics of women entrepreneurs in
Indonesia and Canada
• Women entrepreneurs in Indonesia and
Canada are underrepresented in SMEs
• They tend to operate a service business
• They are opportunity-driven and primarily
motivated by their interest to be independent
(or “be their own boss”)
!6
Challenges: On top of general business barriers, women entrepreneurs from
Indonesia and Canada are also facing gender-specific barriers (cont.)
!7
Challenges: On top of general business barriers, women entrepreneurs from
Indonesia and Canada are also facing gender-specific barriers
!8
What does the report cover?
‣ The state of women entrepreneurs in Indonesia and Canada
(i.e. general landscape, characteristics, barriers)
‣ Government’s interventions (i.e. policies and regulation) to
promote and support women entrepreneurs in Indonesia
and Canada
‣ Women-focused programs by the government, academia,
and private sector in Indonesia and Canada
‣ Women-focused financing products by the government and
private sector in Indonesia and Canada
9
Majority of government policies in Indonesia are gender-neutral
EXAMPLES OF GOVERNMENT’S POLICY ACTIONS IN INDONESIA
Bank Indonesia:
• 20% of commercial banks’ total loan facility should be set aside for SMEs
• Banks must open a new branch in remote areas (e.g., West Papua, West
Sulawesi, etc.) for every three branches in Jakarta
LKPP (Goods and Service Procurement Agency of Indonesia)
• Train officers on gender-equitable procurement process
• Educate women entrepreneurs on procurement systems
!10
Meanwhile, the Government of Canada has a number of women-focused policies
EXAMPLES OF GOVERNMENT’S POLICY ACTIONS IN CANADA
Federal Government
• In Federal Budget 2018, C$ 1.97 billion was earmarked to promote and
support women’s entrepreneurship
Municipal Government
• City of Toronto implements Supplier Diversity program
Provincial Government
• Childcare subsidy in Quebec and Ontario
What does the report cover?
‣ The state of women entrepreneurs in Indonesia and Canada
(i.e. general landscape, characteristics, barriers)
‣ Government’s interventions (i.e. policies and regulation) to
promote and support women entrepreneurs in Indonesia and
Canada
‣ Women-focused programs by the government, academia,
and private sector in Indonesia and Canada
‣ Women-focused financing products by the government and
private sector in Indonesia and Canada
12
In Indonesia, there are few programs that are women-focused or women-
friendly.
PROGRAMS SUPPORTING AND PROMOTING WOMEN ENTREPRENEURS IN INDONESIA
Accelerator, Incubator Business Association, Network Others: Trainings, Advisory Centre
Government
Private
Sector
None of the existing programs appears to be women-focused and there is no information whether or not they implement
Academia women-friendly practices. Several prominent universities known for their entrepreneurship programs would be 1) Gadjah
Mada University, 2) Institut Teknologi Bandung, 3) Binus University, and 4) Multimedia Nusantara University
!13
In Canada, there is an extensive number of women-focused programs run by
the government, private sectors, and academia
PROGRAMS SUPPORTING AND PROMOTING WOMEN ENTREPRENEURS IN CANADA
Accelerator, Incubator Business Association, Network Others: Trainings, Advisory Centre
Government
Private
Sector
Academia
Women Founders Program
!14
While programs in Indonesia are centralised in Jakarta, programs in Canada
are distributed across regions
Geographical distribution of
the 40 identified programs:
15%
10%
0%
48%
10%
18% Region unidentified (N/A)
!15
Case Study: DMZ Women Founders Program
A four-month accelerator program for tech startups with at least 1 full-time women founder/co-founder.
Key takeaways:
• Tailored to women: program’s time are suitable for women entrepreneurs, especially mothers.
• Academe-private partnership: Financially supported by Scotiabank and Tangerine
!16!16
What does the report cover?
‣ The state of women entrepreneurs in Indonesia and Canada
(i.e. general landscape, characteristics, barriers)
‣ Government’s interventions (i.e. policies and regulation) to
promote and support women entrepreneurs in Indonesia and
Canada
‣ Women-focused programs by the government, academia,
and private sector in Indonesia and Canada
‣ Women-focused financing products by the government
and private sector in Indonesia and Canada
17
In Indonesia, there is a growing number of financial service providers (FSPs) that
address entrepreneurs’ barriers in accessing capital. Three are women-focused
SELECT CASE STUDIES OF EXISTING FINANCIAL SOURCES FOR WOMEN ENTREPRENEURS IN INDONESIA
ANGIN Women Fund Investing in Women Fund SEAF Women’s Opportunity Fund
Indonesia’s largest angel network A fund targeted for women-owned and A fund targeted for women-owned and
Description with a small fund by women high women-led SMEs in Vietnam, the women-led SMEs in Vietnam, the
net-worth individuals for women Philippines, and Indonesia by Patamar Philippines, and Indonesia by SEAF and
entrepreneurs and DFAT’s Investing in Women DFAT’s Investing in Women
Non-collateralized loan, equity,
Instrument Equity and convertible note Equity and convertible note
convertible note
Funding size US$ 50,000 - 150,000+ US$ 200,000 - 300,000 US$ 1- 2.5 million
# of women 11 in total (5 by Women
2 N/A
invested Fund, 6 by individual angels)
!18
In Canada, there is a vast number of FSPs targeting women entrepreneurs
FINANCIAL SERVICE PROVIDERS TARGETING WOMEN ENTREPRENEURS IN CANADA
Government Private Sector
• Business Development Bank of Canada (BDC) • SheEO
• Women Entrepreneurs of Saskatchewan (WESK) • Femmessor
• Women’s Enterprise Centre of Manitoba (WECM)
Loan
• Alberta Women Entrepreneurs (WECM)
• Women Enterprise Centre BC (WEC BC)
• BDC Capital Women in Technology Fund • Femmessor
• StandUp Ventures Fund by MaRS IAF • Pique Fund
Equity
• Women Entrepreneurship Fund • Fierce Founders Accelerator
• “Pitch for the Purse” by Forum for Women
Entrepreneurs
Grant
• The Momspreneur Award
!19
Case Study: Femmessor (private sector)
Femmessor offers loans and equity for Key takeaway
women entrepreneurs in Quebec. • Government and corporate support:
The loan, ranging from C$ 20,000 to C$ : Government of Quebec
150,000, matures in five year.
: Cooperative financial group
It also provides access to networks, individual
coaching/ mentoring. : Canada’s pension fund
*) WD is a Canadian federal department that works as regional development agency in Western Canada
!20
Case Study: SheEO (private sector)
SheEO gathers 500 women (“Activators”) per cohort, who each
donates C$ 1,100 to a fund that makes 0% interest loans for 5
women-led businesses (“Ventures”).
Vicki Saunders,
SheEO Founder
The loan will mature in 5 years and will be loaned out again for
another 5 Ventures (‘Perpetual Fund”).
Selected ventures receive monthly coaching and access to
500 Activators, who might be their potential advisors,
customers, suppliers, or follow-on investors
Key takeaways:
• Presence of a local champion
• Sustainable model
!21
Thank You!
Download the report here:
bit.ly/TPSAANGINwomenreport
Audience Discussion
What are the most critical changes each
stakeholder should make to advance
women’s entrepreneurship in Indonesia?
Recommendations
• Initiate gender-inclusive or women-focused entrepreneurial
programs
Academia
• Collect data, produce studies, and recommend solutions on
women entrepreneurship matters in Indonesia
• Leverage local champions and encourage potential ones to
support women entrepreneurs (e.g., mentor, invest, advocate)
Private Sector
• Tailor financial product to suit women’s needs
• Adopt gender inclusive policies in entrepreneurship program
• Support the development of women-friendly financial products
Government • Enhance access to trade information and assistance for women
• Reshape the perception of men’s and women’s responsibilities
!25
