ABM built ABM HUB Business Incubator

We are grateful, because Malangkucecwara School of Economics (ABM) received Erasmus+ International Grant from European Union. ABM is one of the colleges which joined a consortium which received the grant. There are 4 universities from Europe and 7 universities from Indonesia.

This grant is directed to create a college resource which can bridge between education institute with business world.

ABM Hub is a resource created by ABM which functioned as business incubator. One of the functions is to give a consultation referring to detailed business problems, mainly to the Small and medium-sized enterprises (SMEs) or known an UMKM. If needed, ABM Hub can also give capital access facility.

Problems that SMEs faced is that most of them reluctant to enter the campus is because of the procedural problems. ABM Hub know will ease the small medium enterprises to synergize between education institute and the investors.

ABM Hub has been made to become a comfortable place to do a discussion, do a meeting, do a consultation and also to improve a business. A number of PC, laptop, tablet, and high-speed internet already prepared. Therefore, UMKMs are expected to use the facilities already provided in ABM Hub.

In the academic side, lecturers can also do a service duty, improve the network and entrepreneurship, so the surrounding community can also receive the advantage. Entrepreneurship now become the pillar for the economic growth. It means that every time the government has problem to create a new field of work, while the

number of graduates increased. With the coming of Startup company as a result of this program, it is expected to prepare themselves when they face a problem. When they already familiar in solving that problem, then they will what to do when taking the steps. It is all about mentality. Not only the involvement of SMEs, but the involvement between lecturers and students is also needed, so the academics can directly intersect with entrepreneurship world and discern the real problems and issues.

The future hope is the involvement of students and lecturers in entrepreneurial program can be smooth and maximum. Thereupon not only know the theoretical issue, but also the practical issues. Lecturers can also do research for the global needs and produce useable products such as a model or guide book.

ABM Hub which has been officially unveiled (soft opening) on 11th April 2019, is an implementation form of Erasmus+ International grant from European Union. In the unveiling of ABM Hub, an exhibition of UMKM from students, alumni, staffs guided by ABM which some of them were funded by a grant from Erasmus+ Funded Project Supporting Entrepreneurial Capacity Building. Participant of SMEs exhibition are
Topeng Malangan (belong to ABM alumni), soKress fruit chips, Perca Pelanusa, Donomulyo bamboo glass, Lukis Kerudung (Unit guided by ABM), and Cutting Sticker Abimanyu (belong to ABM student).

After the unveil ceremony attended by each college representatives of the consortium, the event was proceeded with a Partnership Meeting 5 which was held from 11.00 until 18.00 at STIE Malangkucecwara.

The meeting was organized to view how the progress of GITA (Growing Inonesia – a Triangular Approach) program was and the future plan from each consortium member, and also a discussion of curriculum development about Entrepreneurial Learning Outcome. On that occasion, the development of GITA Project Portal online service which is managed by STIE Malangkucecwara also presented.

This event also offered a sharing knowledge presentation from alumni of Brawijaya University and ABM about their business trip from the beginning until become a successful business, they also describe the use of knowledge they learned while studying in the university which support their own business. Participant from ABM alumni, Mr. Erwin Jassapal, the owner of Royal ATK. Royal ATK is very well known in the city of Malang, as the largest and most comprehensive office and stationary equipment provider in the city.

translator: david