📋 Tender Overview
The Asian Development Bank ADB has approved a loan equivalent of 138.52 million to support a Government of Indonesia strategy to commercialize research and development RD and improve start-up success at four science and technology parks STPs in Indonesia.The Promoting Research and Innovation through Modern and Efficient Science and Technology Parks Project will support STPs at the public higher education institutions of Bandung Institute of Technology in Bandung Gadjah Mada University IPB University and University of Indonesia. The project will help upgrade RD and start-up incubation facilities provide grants to conduct applied research and incubate start-ups and upgrade the expertise of STP researchers and capability of research administration staff.Limited technological sophistication by industries and a lack of absorptive capacity for new technology can reduce productivity and constrain economic growth said ADB Senior Social Sector Specialist for Southeast Asia Fook Yen Chong. With this project Indonesian industries working with universities STPs will gain the know-how needed to better use resources create new products and expand into new markets. We expect that the adoption of new technologies in Indonesia could add 0.55 percentage points to annual average gross domestic product growth over the next 2 decades pushing Indonesias economy into the high-income group.The project will help the STPs focus on various disciplinary fields aligned with Indonesias priority economic sectors such as energy renewal energy and storage technology transport electric and autonomous vehicles information and communication technology smart technology agro-processing and food functional food and halal food products and pharmacy and medicine. It will also strengthen publicprivate RD collaboration increase workforce competitiveness and productivity particularly as new technologies are developed and adopted and promote youth entrepreneurship and job creation.ADB has incorporated international best practices in designing the project. It will deliver demand-driven RD in tandem with private enterprises and communities to create a sustainable start-up ecosystem. To align research areas with national priorities and improve the RD ecosystem the project will create synergies with several ADB projects in Indonesia.ADB brings substantial experience and knowledge in human capital development RD and innovation from Indonesia and across the region to add value to this project. It will also explore nurturing start-up incubation through its Open Innovation Platform and ADB Ventures.The project is in line with the governments National Medium-Term Development Plan 20202024 which emphasizes human development and mastery of science and technology and ADBs country partnership strategy 20202024 with Indonesia.ADB is committed to achieving a prosperous inclusive resilient and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty. Established in 1966 it is owned by 68 members49 from the region.
