๐ Tender Overview
Source of Funding / Amount: Loan: promoting research and innovation through modernization and enhancement of science and technology park (prime step)
Ordinary capital resources: US$ 135.00 million
Macroeconomic context. In 2020, indonesia was the worlds 4th most populous nation with over 260 million people and the 7th largest economy in terms of purchasing power parity. Indonesias annual gross domestic product (gdp) growth has averaged 5. 0% since 2015, and poverty levels fell to single digits in 2018 for the first time. However, due to the coronavirus disease (covid-19) pandemic and the restrictions put in place to contain the spread of the virus, its gdp growth contracted by 2. 1% in 2020, grew at a slower rate of 3. 7% in 2021 and estimated to grow at 5. 0% in 2022. To sustain economic recovery, indonesia has to safeguard health and human development; reopen the economy, create jobs, and boost consumption; and pursue broader and deeper structural reforms to raise productivity and growth. Importance of research and development and innovation. Prior to the pandemic, the main factor constraining economic growth had been a flat productivity rate partly attributed to limited technology sophistication in indonesian industries. Technology sophistication means using more advanced operations and technologies with extensive research and development (r&d) in production and industry processes. There is also a lack of absorptive capacity for technology and innovation knowhow among indonesias workforce. A study by the asian development bank (adb) and the ministry of finance indicates that the adoption of new technologies could result in an additional annual gdp growth of 0. 55 percentage points over the next two decades, thereby putting indonesias economy in the high-income group. Governments strategy. Indonesias policy on science and technology, and innovation is framed under the national medium-term development plan (rpjmn), 2020-2024, especially its pillar 1 and pillar 2. Pillar 1 emphasizes human development and mastery of science and technology, while pillar 2 focuses on sustainable economic development. The development of science and technology parks (stps) is part of the vision and mission of the president of the republic of indonesia and is affirmed by the presidential regulation number 18 of 2020 issued on 27 january 2020. Rpjmn 2020-2024 prioritizes the development of five stps under the following higher education institutions (heis): bogor agriculture university (ipb), institute of technology bandung, gajah mada university, university of indonesia, and institute of technology sepuluh nopember. Indonesia has also taken important steps to strengthen its innovation system through new fiscal incentives for r&d, large investments in digital infrastructure, and new funding mechanisms to support research.
Key government stakeholders. The ministry of education, culture, research and technology (moecrt) is mandated to formulate and determine polici
