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Source: The Conversation â Indonesia â By Inka B. Yusgiantoro, Head of the Supervisory Board, The Purnomo Yusgiantoro Center
Indonesiaâs increasing internet penetration is a boost for crowdfunding, which gathers small amounts of capital from a large number of individuals to finance a new business venture. Itâs a powerful tool to gather funds quickly, cheaply and easily from the general public.
A study by Statista estimates the value of crowdfunding transactions in Indonesia will grow by 3.6% to US$7.5 million in 2025.
Given the huge opportunities crowdfunding presents, we argue that Indonesia could resort to this strategy to fund green projects and help overcome the countryâs stalled development of renewable energy.