Jakarta, 17 September 2025 – Standard Chartered Foundation, through its global initiative Futuremakers by Standard Chartered, in collaboration with Instellar Impact as the implementing partner and Youth Business International (YBI), officially launched the InnoFund programme in Indonesia.
The programme aims to provide financing access and tailored business support for micro, small, and medium enterprises (MSMEs) as well as social enterprises, with a special focus on young entrepreneurs aged 18–35. It also prioritises women entrepreneurs, persons with disabilities, and businesses operating beyond major cities such as Jakarta, Bandung, Yogyakarta, Surabaya, and Makassar.
Addressing Barriers to Financing and Capacity Building
MSMEs are the backbone of Indonesia’s economy, yet they continue to face significant challenges, including limited financial literacy, inadequate training opportunities, and restricted access to financing. InnoFund is designed to bridge these gaps by offering affordable financing facilities, from IDR 50 million to IDR 160 million with interest rates ranging from 0-2%, along with customised financial literacy and capacity-building support.
Over the next three years, this programme aims to support 100 MSMEs and social enterprises, contributing to the creation of new employment opportunities and advancing inclusive economic growth.
Programme Structure and Support
Participants in the first cohort will undergo a six-month journey consisting of financial literacy training, operational capacity building, one-on-one mentoring sessions, and access to financing facilitated by partner institutions. The programme is designed to strengthen financial resilience, improve investment readiness, and support business growth for long-term sustainability.
Voices from the Partners
The organisers and partners reaffirmed their commitment to building a more inclusive entrepreneurial ecosystem:
As part of Standard Chartered’s commitment to supporting inclusive growth in Indonesia, we believe that empowering MSMEs and social enterprises is key to strengthening the national economy. Through InnoFund, we are proud to help young entrepreneurs overcome financial barriers while enhancing their capacity to build sustainable businesses.
— Puni Ayu Anjungsari, Head of Corporate Affairs, Brand and Marketing, Standard Chartered Indonesia
Many young entrepreneurs, especially women and persons with disabilities, have enormous potential to grow but continue to face challenges in accessing financing and training. Through InnoFund, Instellar Impact is committed to supporting these entrepreneurs so they can not only survive but thrive, scaling their impact for their communities and the environment.
— Romy Cahyadi, CEO Instellar Impact
At YBI, we recognise the transformative power of young entrepreneurs in driving inclusive and sustainable economic growth. We are delighted to partner with Standard Chartered and Instellar Impact to launch InnoFund in Indonesia, empowering young entrepreneurs — especially women, people with disabilities, and those outside major cities — to grow their businesses and create new jobs.
— Anita Tiessen, CEO Youth Business International (YBI)
Participant Voices
I’m truly grateful to be one of the 12 participants in the first cohort of InnoFund. The two-day bootcamp offered me countless lessons — not just from the sessions, but also from my fellow participants. What makes this programme truly unique is its emphasis on self-awareness and helping founders understand themselves first, so they can build stronger and more resilient businesses.
— Sabrina Farah Salsabilla, CEO ReservoAir
InnoFund represents a collaborative effort between funders, facilitators, and ecosystem players to expand access to inclusive financing while building long-term capacity for young entrepreneurs. MSMEs and social enterprises interested in joining future cohorts can apply at instellar.id/innofund.
First Cohort: 12 Selected Entrepreneurs
Following a competitive selection process, 12 promising young entrepreneurs were chosen to embark on the six-month InnoFund journey. Participants will receive financial literacy training, tailored mentorship, and access to catalytic financing distributed through partner institutions.
Meet the first cohort of InnoFund 2025:
- Nasho: A consumer-focused, innovation-driven business developing nanotechnology-based self-cleaning and anti-fog products.
- Pinaloka: Produces a variety of pineapple-based products from naturally sweet local pineapples, supporting peatland-friendly farming and local farmers.
- Bengok Craft: Transforms water hyacinth into handcrafted lifestyle products, empowering local communities and expanding to global markets.
- Electric Wheel: Provides affordable, eco-friendly mobility solutions in Bali through electric motorcycle sales and conversion services.
- Katara Water: A renewable energy and IoT-powered water management startup developing smart water meters, water quality sensors, and real-time monitoring systems.
- ReservoAir: A climate-tech and water sustainability enterprise combining innovative products, consulting services, and digital tools to deliver measurable impact.
- Ocean Pure: A halal skincare brand transforming tuna bone waste into marine-based halal collagen products.
- Kampung Inspirasi: A community-based educational tourism ecosystem engaging local communities.
- WeLove4Earth: A circular economy startup tackling beauty industry waste. Through Bumeeco, it offers full-cycle waste management and consumer engagement programmes.
- Bilik Mapan: A one-stop platform supporting MSMEs and startups in Indonesia with business legality services, education, incubation, consulting, and market access.
- Perfect Fit: A social enterprise providing sustainable menstrual products and education to empower women, combat period poverty, and reduce environmental waste.
- Ulur Wiji: An eco-fashion social enterprise preserving Indonesian batik heritage, producing eco-friendly products, and empowering marginalised women in Mojokerto to create and thrive together.