Understanding The Triple Helix Model from The Perspective of the Developing Country: A Demand or A Challange for Indonesian Case Study?

This paper is based on the conceptual and theoretical analysis regarding the triple helix model as the demand or a challenge for developing country, particularly the Indonesian case study under investigation. The paper will discuss the essential stages required to establish a robust synergy between three different actors: the university, the industry and the government alongside the local context in Indonesia, mainly the role of university in providing help for SMEs in Indonesia together with the government or other institutional developing agencies. This paper will also explore the promotion of SMEs by clustering approach as the fact that Indonesian SMEs are scattered across the region. Furthermore, this paper will analyse the potential strengths and weaknesses within Indonesian SMEs, of setting up appropriate strategic movements for the future of the triple helix paradigm itself. It will start with the lessons, learned from the implementation of the triple helix implementation in the developed countries then it will look at the local Indonesian context in order to bridge the gaps within the actors involved