Wirausaha Muda Mandiri WMM

03 Company at a Glance 04 Management Discussion and Analysis on Companys Performance 05 Review of Business Support Function 01 Main Highlights 02 Management Report Entrepreneurship Education and Self-Sufficiency Program As a second pillar, Entrepreneurship and Education were used as a basis to generate young leaders who are independent and have high competitiveness in facing the challenges of global competition that gets tougher in future generations. In realizing this second pillar, Bank Mandiri has two strategic programs, as follows:

1. Wirausaha Muda Mandiri WMM

Started from the awareness that one of the main pillars of countrys economy are entrepreneurs in addition to the concern on seeing our industrys limited ability to absorb the labor force, especially in the productive age, in 2007 Bank Mandiri launched WMM program that focuses on fostering the entrepreneurial spirit of the young generation in Indonesia by giving appreciation and sustainable development to those who are courageous to be involved in the entrepreneurship world so the business continuity to the next level is guaranteed. Young entrepreneurs who are successful will be the agent of Bank Mandiri to spread the spirit and inspiration to the younger generations across Indonesia. The WMM program implementation is in unison with the strategic position of Small Micro and Medium Enterprises SMEs in the national economics growth. As has been proven, the SME sector is able to survive through economic and monetary crisis. In addition, in developing a business requires knowledge, good education, and skills to create sustainable businesses. Above this, the WMM program is designed to support SMEs, especially students that received higher education. This program have received more than 36,000 young entrepreneurs from all over Indonesia and continues to synergize with stakeholders such as corporateprivate sector, media, academia and government. Through this program we hope to create a friendly ecosystem to all entrepreneurs in Indonesia, creating a platform to answer any issues in regards to social, economic, or employment that are being faced by the country. The WMM program is originally designed to provide an appreciation for young entrepreneurs in Indonesia that continues to innovate in delivering wide impact for the community. The WMM program innovations that have been developed include:

a. Entrepreneurship Workshop

A workshop aims to inspire and give new perspectives for Indonesias young generation especially to those who aspires in becoming entrepreneurs, or even to those who already are entrepreneurs, about business issues and the global trend. Activities include several speakers from within and outside the country. More than 3,000 young people who aim to be successful entrepreneurs in the future attend the workshop.

b. Entrepreneurship Coaching

Many entrepreneurs failed in running their business due to lack of experience and knowledge in business. Unlike other award programs, in addition to receiving great appreciation, the winners are also involved in training programs and business assistance especially to those whose dreams are to become a successful and ethical entrepreneurs. By providing business coaching and mentoring program, the alumni of WMM programs are prepared with skills in conducting business. It is for these reasons that Bank Mandiri synergizes with other parties such as professional business coaches, corporations, state- owned enterprises and the government. Besides providing training and competence development support, Bank Mandiri also strives to promote the products of the winners and the WMM program alumni in the form of an exhibition and publication support via print media, social media and the WMM website.

c. The entrepreneurship module

Launched in 2009, the entrepreneurship module is a development of the WMM program that aims to 10 Consolidated Financial Statements 09 Cross Reference of Annual Report Award 2016 Criteria 08 Corporate Social Responsibility 07 Integrated Corporate Governance 06 Corporate Governance provide entrepreneurship curriculum to assist students in developing business strategies and framework for starting business at the earliest possible age. In preparation phase, Bank Mandiri synergizes together with business practitioners and academics from various universities. This intellectual work is expected to give contribution in the development of entrepreneurship around Indonesia. Until now the Entrepreneurship Module has been used in more than 100 universities throughout Indonesia.

d. WMM Goes to Pesantren

Bank Mandiri continues to realize its commitment in generating young entrepreneurs who are brave enough to boost the countrys economy. After successfully developing the entrepreneurial spirit in universities, Bank Mandiri also conducted an activity WMM Goes to Pesantren. The background of the implementation of these activities is to promote the role of pesantren in the national economy, remembering the existence of Pesantren in the community has strategic significance in order to develop economic centers that can improve peoples welfare. The development of entrepreneurship in Pesantren can also foster economic centers that can improve life quality of people around Pesantren. Through the program of WMM Goes to Pesantren, Bank Mandiri also wants to upgrade all santri skills in terms of fostering their sense of business in order to generate young entrepreneurs. In 2012, the activity of WMM Goes to Pesantren has been held at five pesantren, namely Pondok Pesantren PP Martapura, PP Dormitory Islamic University API Tegalrejo Magelang, PP Tasikmalaya Manonjaya, PP Qodratulloh Palembang and PP Bago Mataram Lombok, Mataram.

e. Wirusaha Mandiri Forum

Entrepreneurs must establish relationships and networks in order to develop its business. Understanding these needs, as one form of innovation the WMM program, in 2014 had formed Wirusaha Mandiri Forum. Organizations formed by joint initiative of Bank Mandiri and alumni WMM can provide a variety of benefits to its members such as opportunities in doing business visits to a national company, an entrepreneurial class, networking with young entrepreneurs from accross Indonesia, business matching and others. Wirausaha Muda Mandiri Forum aims to embody aspirations and support young entrepreneurs who are members of the WMM program and disseminate entrepreneurial spirit for Indonesian youths. In the long- term, this organization is expected to provide multiplier effect for WMM program in spreading the spirit of entrepreneurship to the Indonesian young generation.

f. Mandiri Inkubator bisnis

In order to build a supporting ecosystem for start-up businesses, Bank Mandiri launched Mandiri Inkubator Bisnis MIB in 2015. The MIB program is designed to provide ongoing coaching and support by co-working space. Motivated by Bank Mandiris attention to the young entrepreneurs that possess great potential to be developed into a large enterprise as well as the development concept of a business incubator as one solution to accelerate the growth of start-up business globally, the MIB program continues to improve as a support system for WMM alumni program and other young entrepreneurs.

2. Mandiri Sahabatku