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Monday, November 28, 2022
August 04, 2022 13:08

ITS Receives the Most Funding for Student Entrepreneurship Programs

Oleh : adminwebits | | Source : its.ac.id
Announcement of P2MW and IWDM funding released by Kemendikbudristek

Announcement of P2MW and IWDM funding released by Kemendikbudristek

ITS Campus, ITS News – A total of 10 business proposals made by students of the Institut Teknologi Sepuluh November (ITS) in the Entrepreneurial Student Development Program (P2MW) and the 2022 Student Digital Entrepreneurial Innovation (IWDM) program qualify for funding. Thus, ITS obtained the most funding in the program organized by the Indonesian Ministry of Education, Culture, Research and Technology (Kemendikbudristek).

The Head of the Entrepreneurship and Counseling Guidance Section of the ITS Directorate of Student Affairs (Ditmawa) Muchammad Nurif SE MT, revealed that P2MW is a business development program through financial assistance and coaching to all students who already have businesses. “Not much different, IWDM is also a business development program but is engaged in the digital field,” said the lecturer, who is familiarly called Nurif.

The 53-year-old man added that the six proposals submitted for five business categories in P2MW successfully passed all of them. The business categories include Food and Beverage, Production or Cultivation, Creative Arts, Culture and Tourism, Services and Trade, and Applied Technology. “As for the IWDM program, four out of five ITS student proposals have successfully passed the funding selection,” he explained.

Head of the Entrepreneurship and Counseling Guidance Section of the ITS Directorate of Student Affairs Muchammad Nurif SE MT

Head of the Entrepreneurship and Counseling Guidance Section of the ITS Directorate of Student Affairs Muchammad Nurif SE MT

According to Nurif, the amount of assistance approved by the Ministry of Education and Culture for P2MW varies, ranging from Rp 10 million to Rp 16 million. The funds will be allocated 80 percent for student business development and 20 percent for aid management. “As for IWDM, we have not received any information regarding the amount of assistance given that the funding announcement was only made last Tuesday (2/8),” he said.

Nurif said that the aid funds should only be used for business purposes, such as the production process and product development, legality, licensing, certification, and standardization. “In addition, the funds are also allocated for the honorarium for assistants and supervisors, the honorarium for resource persons, as well as relevant management costs,” he explained.

Meanwhile, the use of funds that are not allowed includes the fees and consumption of team members, internet package fees, transportation costs, and other things that are not relevant to business development. “All requirements related to each program’s aid funds have been conveyed through socialization and documents provided to us,” he explained.

Six ITS student teams that successfully passed P2MW funding (above) and four teams receiving IWDM funds (bottom)

Six ITS student teams that successfully passed P2MW funding (above) and four teams receiving IWDM funds (bottom)

Nurif said that the achievements of these ITS students have gone through a long series of processes, starting from the administrative selection, presentation, to the interview stage. Unlike the previous year, this time the selection of proposals was carried out using an internal system. “This means that the campus has full power to decide which proposals will be submitted for this program,” he explained.

The lecturer of the Department of Development Studies again said that the determination of the proposal was carried out together with practitioners by looking at the business of each team. “We focus on teams whose businesses are already running and have customers, so it’s not just an idea,” said the lecturer who was born on June 14, 1969.

For additional information, Nurif said that the P2MW and IWDM programs will be closed and packaged in the Indonesian Student Entrepreneurship (KMI) Awards. “For that, we hope to dominate the championship this year, so that we can win the overall title,” he said optimistically. (ITS Public Relation)

 

Reporter: Erchi Ad’ha Loyensya

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