BANKING INDICATORS IN DOING START-UP FUNDING FOR CREATIVE INDUSTRY IN INDONESIA
Keywords:
Creative Industries, Start-up funding, bank loans, Creative industry start-up funding.Abstract
The development of creative industry start-ups has impacts on several aspects of the Indonesian economy. However, this industry has an obstacle, namely the difficulty of getting access to funding, including from the bank. The purpose of this study is to find out the indicators that are considered by banks from the loan/credit/funding variable. The indicators are business stage, investment period and financing model. The object of this research is banking which is part of the State-Owned Enterprises (SOE).This study is used qualitative data methods. The methods that is used in this study to get the data is semi-structured interview. This study is used triangulation of sources, to reduce the subjectivity. The result is that the loan/credit/funding variable influences the decision on access to funding. The implication of this research is to make ease the start-up especially for creative industry to get the funding from the bank.
References
Daubaraitė, U., &Startienė, G. (2015). Creative Industries Impact on National Economy in Regard to Sub- sectors. Procedia - Social and Behavioral Sciences, 213, 129–134. https://doi.org/10.1016/j.sbspro.2015.11.415
BadanEkonomiKreatif. (2017). Data StatistikdanHasilSurveiEkonomiKreatif. Jakarta: BadanEkonomiKreatif. BadanEkonomiKreatif. (2018). Data StatistikdanHasilSurveiEkonomiKreatif. Jakarta: BadanEkonomiKreatif. Solo, K., &Galih, B. (2019). EkonomiKreatifSumbangRp 1.105 Triliunke PDB,
BekrafHarapJadiTulangPunggung. Available from: https://regional.kompas.com/read/2019/10/06/08160801/ekonomi-kreatif-sumbang-rp-1105-triliun-ke- pdb-bekraf-harap-jadi-tulang [Accessed 1 November 2020]
Lokadata. (n.d.). PDB ekonomikreatif, 2010-2019. Lokadata [online]. Tersedia: https://lokadata.beritagar.id/chart/preview/pdb-ekonomi-kreatif-2010-2019-1563263171 [9 April 2020]
Simorangkir, E. (2018). Mimpi RI Jadi Negara EkonomiKreatifTerbesar di Dunia. Available from: https://finance.detik.com/berita-ekonomi-bisnis/d-4291774/mimpi-ri-jadi-negara-ekonomi-kreatif- terbesar-di-dunia [ Accessed 5 April 2021]
Miky. (2018). 6 Hal MengenaiBekraf yang HarusDiketahuiPelaku Usaha. Available from: https://blog.mokapos.com/2018/03/31/6-hal-mengenai-bekraf-yang-harus-diketahui-pelaku-usaha [Accessed 1 November 2020]
Ihsanuddin. (2019). BekrafDileburkeKementerianPariwisata. Available from: https://nasional.kompas.com/read/2019/10/23/16164681/bekraf-dilebur-ke-kementerian-pariwisata [Accessed 3 November 2020]
Kemenparekraf. (2021). MengenalStrategiIklanKekinian, Digital Marketing Periklanan. Available from https://kemenparekraf.go.id/ragam-ekonomi-kreatif/Mengenal-Strategi-Iklan-Kekinian%2C-Digital- Marketing [Accessed 4 July 2021]
Kemenparekraf. (2021). 5 Brand Fashion LokalMerambahKancahInternasional. Available from https://kemenparekraf.go.id/ragam-ekonomi-kreatif/5-Brand-Fashion-Lokal-Merambah-Kancah- Internasional [Accessed 4 July 2021]
Hatammimi, J., Rizal, N. A. (2018). Funding the Creative Industries Start-up in Emerging Market. 1–12. Hatammimi, J., Isnaeni, N., & Rizal, N. A. (2019). Creative Industry’s Startup: How Can Investors Indicate
Important Factors To Fund It?.Third International Conference on Sustainable Innovation 2019 – Humanity, Education and Social Sciences, 168–172. https://doi.org/10.2991/icosihess-19.2019.28
Ache, P. (2017). 4 Reason Your Startup Won’t Get Financing. Available from: https://ventureburn.com/2017/03/4-reasons-startup-wont-get-financing/ [Accessed 12 March 2021].
Cunningham, S. D., Ryan, M. D., Keane, M., & Ordonez, D. (2008). Financing creative industries in developing countries. In D. Barrowclough, & Z. KozoulWright. Creative industries and developing countries: voice, choice and economic growth. 65-110.
Ariyanti, F. (2019). Bunga KUR TurunJadi 6% di 2020, Begini Cara Mengajukannya di Bank BUMN. Available from: https://www.cermati.com/artikel/bunga-kur-turun-jadi-6-di-2020-begini-cara- mengajukannya-di-bank-bumn [Accessed 4 March 2021].
Richard, M. (2021). 5 Bank TerbesardariSisiAset: BRI TetapJuara, BCA TembusRp. 1.000 Triliun. Available from: https://finansial.bisnis.com/read/20210103/90/1337914/5-bank-terbesar-dari-sisi-aset-bri-tetap- juara-bca-tembus-rp1000-triliun [Accessed 5 April 2021].
UNCTAD. (2008). Creative Economy Report 2008. The Challenge of Assessing the Creative Economy: towards Informed Policy-making. In Harvard Business Review (Vol. 8, Issue 9). Available from http://unctad.org/en/Docs/ditc20082cer_en.pdf%5Cnhttp://www.oecd.org/dataoecd/35/56/2101733.pdf% 5Cnhttp://unctad.org/en/pages/PublicationWebflyer.aspx?publicationid=1595%5Cnhttp://www.isc.hbs.e du/Innov_9211.pdf (Accessed 8 July 2021)
BadanEkonomiKreatif. (2018). Opus EkonomiKreatif Outlook 2019. Jakarta: BadanEkonomiKreatif. BapendaJabar. (2017). ApaituEkonomiKreatif?. Available from:
https://bapenda.jabarprov.go.id/2017/05/24/apa-itu-ekonomi-kreatif/ [Accessed 8 July 2021].
Pangestu, M.A. (2008). PENGEMBANGAN EKONOMI KREATIF INDONESIA 2025.
DepartemenPerdaganganRepublik Indonesia.
Purnomo, R.A. (2016). EkonomiKreatifPilar Pembangunan Indonesia. Nulisbuku.com.
Jaya, M. A., Ferdiana, R., &Fauziyati, S. (2017). AnalisisFaktorKeberhasilan Startup Digital di Yogyakarta.
Jurnal.Umk.Ac.Id, 4(1), 167–173. https://jurnal.umk.ac.id/index.php/SNA/article/view/1261
Yudhanto, Y. (2018). Information Technology Business Start-up. https://books.google.co.id/books?hl=en&lr=&id=10uHDwAAQBAJ&oi=fnd&pg=PP1&dq=startup+men urut+para+ahli&ots=OEuvqjYY1F&sig=yYblL7Aj0LhBcgfQySbX02PRPXQ&redir_esc=y#v=onepage &q&f=false
CB Insight. (2019). The Top 20 Reasons Startups Fail. Available from https://www.cbinsights.com/research/startup-failure-reasons-top/ [Accessed 20 October 2020]
Dumitrescu, A. L. (2014). SMALL AND MEDIUM SIZED ENTERPRISES AS THE DRIVING FORCE OF
ROMANIAN ECONOMIC GROWTH. Knowledge Horizons - Economics , 6(2), 49–53.
Hisrich, R. D., Peters, M. P., &Sepherd, D. A. (2017). Enterprenuership. In Mc Graw Hill Education (Vol. 10, Issue 9).
Cremades, A. (2016). The art of startup fundraising : pitching investors, negotiating the deal, and everything else entrepreneurs need to know. New Jersey: John Wiley & Sons, Inc.
Cervatius, M. (2021). Startup loans: how can banks deal with their high credit risk?. Available from https://earlymetrics.com/startup-loans-how-can-banks-deal-with-their-high-credit-risk/ [Accessed 4 July 2021].
O’Connel, B., and Curry, B. What Are Angel Investors?. Available from https://www.forbes.com/advisor/investing/what-are-angel-investors/ [Accessed 4 July 2021].
Shah, C., & Shah, P. (2017). Influence of Crowdfunding on Innovative Entrepreneurship Eco-Systems in India.
Journal of Asia Entrepreneurship and Sustainability, XIII, 3–29.
Kuschel, K., & Espinosa, F. (2016). Funding challenges of Latin American women start-up founders in the technology industry. Cross Cultural & Strategic Management, 24 (2), 310-331. https://doi.org/10.1108/CCSM-03-2016-0072
Stankevičienė, J., &Žinytė, S. (2011). VALUATION MODEL OF NEW START-UP COMPANIES :
LITHUANIAN Case. Verslas: Teorijairpraktika Business: Theory and Practice, 12(4), 379–389.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
