Registration for Industry Business Academy now open

National 1 minute, 49 seconds


REGISTRATION is open for budding and existing entrepreneurs interested in joining programmes under the Industry Business Academy (IBA).

The IBA is part of Darussalam Enterprise’s (DARe) SME development and learning programme for entrepreneurs to learn and strengthen their fundamentals in starting, running, and growing a business.

Minister of Energy and Industry at the Prime Minister’s Office Yang Berhormat Pehin Datu Singamanteri Colonel (Rtd) Dato Seri Setia (Dr) Hj Mohammad Yasmin Hj Umar said, in a recent interview, that registration has opened on April 14.

To date, about 15 to 20 entrepreneurs have already registered their interest to participate in the programme.

“These programmes under IBA will explore the potential of the value chain in businesses,” said YB Pehin Dato Hj Mohd Yasmin.

Programmes under the academy will begin in May and DARe is currently talking to partners to help them run the programme.

The programme will encompass three modules – how to start a business, how to run a business and how to grow a business – and will span between six to eight months with a cohort of about 20 entrepreneurs.

Participants can also choose to take additional modules such as financial management.

The minister said they will make sure the programme is not done on a full-time basis, so that people can continue with their day-to-day businesses.

Previously, DARe Chief Executive Officer Soon Loo said the IBA will be rolled out in stages, with the first one in May.

He said the developmental needs of businesses depend on the stages of the business life cycle.

“On one hand, managers and founders of younger businesses might need to learn how to develop business plans in order to start and run their businesses. On the other hand, leaders and managers of more mature businesses might wish to learn how to improve their human resource and financial management, as well as being able to better understand the global financial and distributional market in order to expand overseas,” the CEO had said.

He said DARe will work with the various entrepreneurial programmes in Brunei – and overseas if needed – to deliver a platform of programmes that will develop the business acumen of businesses in Brunei.

The Brunei Times