Light-Touch Regulation to Optimize the Startup and SME Ecosystem in Indonesia
Dwi Ratna Indri Hapsari- Nur Putri Hidayah

Faculty of Law, University of Muhammadiyah Malang

Abstract

Startup is a newly business entity based on digital technology which is currently a new breakthrough to provide alternative solutions to problems and ease the burden of modern life. Almost the same as Startup, Small and Medium Enterprises (SME) in Indonesia experience problems in terms of access to capital. Apart from that, the complexity of business licensing procedures, regulations and unclear institutions that regulate startup and SMEs in Indonesia fail even before they develop. This research aims to restore regulations in Indonesia in the field of startup and SMEs. the type of research used is normative legal research with a statue approach and a conceptual approach. From the results of the study it can be concluded that the Light Touch Regulation in the field of startup and SMEs is expected to improve the start-up and SMEs ecosystem, such as ease of business trials, legal protection for new entrepreneurs, access to financing, or protection of intellectual property as has been proven implemented by several countries such as America, Japan, Germany, Swiss, South Korean, etc.

Keywords: Startup- SME- Regulation

Topic: Law on Business, Business Competition, and Prohibition of Monopoly