Zahra Nashirah Team Was Named the Best Idea Finance in IDEAS Summit 2016
The team of students of Faculty of Economics and Management of Bogor Agricultural University (FEM IPB) participated the Indonesia Studentpreneur (IDEAS) Summit 2016. The team consisted of Zahra Nashirah and Kharisma Fitri were from the Department of Management. The other member, Rachma Syafira, was of the Department of Agribusiness, the tem submitted their Tartalas business (tarts made from taro).
This IDEAS Summit is a series of program of the 10th Management’s Event organized by the Ikatan Mahasiswa Manajemen (Ikamma – The Association of Management Students) of Faculty of Economics and Business Universitas Gadjah Universitas Gadjah Mada (FEB UGM) in Yogyakarta. The three-day event, 8-10 March 2016, in Yogyakarta, was participated by 20 teams from various universities in Indonesiea who had passed the first selection stage.
The aims of the unique competition were to promote the creative industries in their local respective areas. As students, they are required to assist their local communities by promoting the existing home industry using local wisdom of such areas.
Itinerary of the program was as follows, the first day, 8 March 2016, participants were invited to attend the insight session seminar on the basic science of finance and human resources. On the same day, each team were given opportunities to present their written essay project ideas on the creative industry business. The second day, 9 March 2016, was grouping of the Team participants, they were grouped according to the title they had taken in the conference, then the teams were taken to desa wisata Pentingsari (special toruism village), for field trips and home stay. The objectives of this program were to provide the Team participants to analyse the condition of their field works for further process. Then the third day or the final day, 10 March 2016, village tour for participants. During which the participants presented their recommendations based on their previous field works and their presentation, then they had to decide their conclusions. q
In the conference stage the participants were required to present applicable ideas to promote a creative industry in their respective local areas. In this session, especially for finance group, participants were required to present innovation in exploring source of funds for their business project they had expressed. As Zahra’s group falls in this group, they presented Crowdfunding method in this section. Crowdfunding is one of the creative ways to obtain capital funds.
The crowdfunding method is a new method and it is still unknown for most people. Crowdfunding is the practice of funding a project or venture “Patungan” in Indonesian by raising monetary contributions from a large number of people, it is the popular alternative business funding. However, the procedure to develop the joint venture somewhat different from the ‘joint’ that we regularly developed. In this method, the platform “crowdfunding website” is required as a meeting point for supporters and the project owner. Supporters mean those who support the operations of a project proposed by proprieter, the support for this project is actually the capital funds or other partnership program. Crowdfunding platforms are motivated to generate income by drawing worthwhile projects and generous funders. These sites also seek widespread public attention for their projects and platform The idea makes Zahra managed to get the award "Best Finance Idea". (Wied)
