| Danial Norjidi |
THE DARe (Darussalam Enterprise) Industry Business Academy started its first module yesterday on ‘Getting Financing’, facilitated by Bank Islam Brunei Darussalam (BIBD), at the iCentre.
The Industry Business Academy (IBA) is a development and learning programme for small and medium enterprises (SMEs), and is open to all levels of business with different maturity levels from startups to established companies.
The IBA aims to pave the way for SMEs to successfully achieve their goals in starting, running and expanding their business.
Speaking to reporters at the event, the BIBD Deputy Head of Retail Banking, Hajah Nurul Akmar binti Haji Mohd Jaafar said that yesterday’s module was about the discipline and fundamentals of financing.
“From today’s class what we aim to provide is for the participants is to be really be disciplined and have an understanding of the fundamentals in business startup and business operations,” she said.
A total of 42 SMEs attended yesterday’s module, which was facilitated by the BIBD Senior Manager for SME Corporate Banking, Pengiran Sanusi Iskandar bin Pengiran Haji Ismail.
In his presentation he highlighted the various services at BIBD, particularly for SMEs, while also sharing the necessary criteria for the services provided.
Pengiran Sanusi Iskandar bin Pengiran Haji Ismail. – PHOTOS: AZROL AZMI
‘Getting Financing’ presentation facilitated by Bank Islam Brunei Darussalam
The IBA programme is categorised into three SME maturity levels: IBA Level 1 for startups and micro SMEs, IBA Level 2 for SMEs, and IBA Level 3 for established companies.
For all levels of IBA, a set of modules is to be taught and is categorised in two parts: general curriculum and special topics.
The general curriculum will provide a general overview on starting a business for IBA Level 1, running a business for IBA Level 2 and expanding a business for IBA Level 3.
Some of the modules that will be taught in the upcoming weeks include writing a business plan, getting financing and entering overseas markets.
Special topics will elaborate on business opportunities in different industry sectors, as well as the regulations and policies surrounding respective industries.
DARe itself is a statutory body that looks to nurture and support local enterprises, with the aim of fostering their growth and enabling them to contribute to the country’s GDP.
DARe also develops local enterprises by assisting in capacity building, facilitating access to funding, access to international markets as well as providing industrial spaces for SMEs to grow.
The IBA will be continuing on with a module on ‘Writing a Business Plan’ today at the iCentre.
For further information on DARe’s IBA, contact the hotline 8363442, or email dare@ei.gov.bn.
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