This research will discuss about the concept of system of partnership between every parties which include in the funding system by the venture capital. | The system of partnership conducted by the venture capital company as the alternative funding for the MSME in Medan study case in PT. Sarana Sumut Ventura Medan International Journal of Management IJM Volume 11 Issue 3 March 2020 pp. 208 219 Article ID IJM_11_03_022 Available online at http ijm JType IJM amp VType 11 amp IType 3 Journal Impact Factor 2020 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication Scopus Indexed THE SYSTEM OF PARTNERSHIP CONDUCTED BY THE VENTURE CAPITAL COMPANY AS THE ALTERNATIVE FUNDING FOR THE MSME IN MEDAN STUDY CASE IN PT. SARANA SUMUT VENTURA MEDAN Zulfi Chairi Afrita Eko Yudhistira Universitas Sumatera Utara Medan Indonesia Corresponding Email zulfi@ ABSTRACT The alternative funding with the venture capital fund is a new solution to solve the funding problem which is often being faced by the entrepreneurs who have no enough capital or asset as a guarantee to ask for fund from the funding institution. It called MSME in its practice MSME is proven contributive to boost the nation economy especially to absorb the human resources. One of the obstacles in the MSME development is the difficulty to get the fund capital. In general society will feel the impact if the government can help a lot of MSME. In Sumatera Utara there are more than million MSME but only 20 of its number which is registered in the Cooperation and MSME department. one of the example of venture capital company is PT. Sarana Sumut Ventura in Sumatera Utara Medan. It provides capital but the MSME doer need to be guided to manage its business to make it better. This research will discuss about the concept of system of partnership between every parties which include in the funding system by the venture capital. This research will discuss about the rights responsibilities and how is the protection to each parties which are included in the funding system. Keywords Venture Capital .
