DARe - Darussalam Enterprise

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1 2016/SMEWG42/040 Agenda: 21.6 DARe - Darussalam Enterprise Purpose: Information Submitted by: Brunei Darussalam 42 nd Small and Medium Enterprises Working Group Meeting Ho Chi Minh City, Viet Nam April, 2016

2 Establishment of DARe DARe (Darussalam Enterprise) is a Statutory Body with the mandate to: Nurture and support local enterprises from start-up to growth Foster growth of business enterprises, and contribute to (GDP) and exports Work closely with government and non-government agencies locally and abroad 1 2 1

3 DARe Board Members 84% Private Sector Representation Key Functions of DARe CHAIRMAN BOARD MEMBERS Minister of Energy and Industry at the Prime Minister s Office, YB Pehin Datu Singamanteri Colonel (B) Dato Seri Setia Haji Mohammad Yasmin bin Haji Umar DEPUTY CHAIRMAN Deputy Minister of Finance, YM Dato Paduka Dr Hj Mohd Amin Liew Abdullah PUBLIC SECTOR & GLC BANKING SHIPPING/LOGISTICS CONSTRUCTION FOOD Permanent Head of Supply CFO and Deputy Chairman of Executive Principal Architect Secretary Chain Managing Director, BIBD Shipping Chairman Eco Bumi (Industry), PMO Management, Hjh Noraini Hj Sulaiman Association ASAFF Group Rozaimeriyanty Adi Shamsul BSP Brunei Hj Abdul DSLJ Hj Abd Hj Sabli Hjh Rosita Hj Mr Lim Jin Yong Saman Hj Rahman Hassan Ahmad Private Managing Sector Director Representation Future Form (B) Sdn Bhd Fazlan Hj Othman Chairman Ideal Group Holdings Sdn Bhd YB Hj Awang Ahmad Morshidi POKDGSDR Dato Laila Utama Hj Abd Rahman OIL & GAS YOUNG ENTREPRENEURS ASSOCIATION INT L ADVISORY CONSULTING TECHNOPRENEUR Promote growth of Brunei enterprises Providing an environment that nurtures and grow enterprises Focused development of specific sectors Driving sector specific development and growth aligned with Wawasan Brunei 2035 Access to funding for enterprises Facilitating access to funding and investments Facilitate market access Facilitating regional and global market access for local SMEs services and products Capacity development & advisory services Providing business advise and tailored training programs Operate the Business Support Centre Managing Director PTAS Group Hj Amir Hj Osman Managing Director Sahid Sdn Bhd Pg Adanan PSI Pg Hj Ismail Director LVK Group of Companies and APEC Business Advisory Council Member Hafimi Abdul Haadii Founder & CEO Itsybytes Ikmalina Hakimah Hj Md Yunos Young Entreprenuer Association Brunei Del Goh President Malay Chamber of Commerce & Industry Dr Hj Kamaruddin Dato Hj Talib CEO DARe and Managing Director of Seri Venture Capital Soon Loo President BICPA, Partner Deloitte and Touche Brunei Pg Moksin Pg Hj Yusof CEO Chrends, MeSixty and Expansys Technologies Keeran Janin 3 Provide industrial space and facilities 4 2

4 Enterprise Ecosystem Enterprise Development Programme DARe is a part of the puzzle in building a friendly and attractive ecosystem for businesses that support the overall economic eco-system Ministries Services from agencies such as: -Labour - Immigration -Customs (RCED) -ABCi Industrial Development EIDPMO - Promote industrial and policy development Look After FDIs after-sales service (operational stage) - Promote positive business environment R&D Brunei Research Council (BRC) - Develop research attractiveness DARe Promote enterprise development, ensure supply of industrial facilities and operate the Business Support Centre Quality & Standards EIDPMO - The development and promotion of local and international standards - To regulate and enforce the weight and Measure Act - To provide accreditation services Foreign Direct Investment BEDB -Promote inflow and investment destination FDI Committee - Facilitate pre-setup stage of FDIs & getting approvals International Trade MOFAT - Promote international trade 5 Initial stage High Volume Traditional sectors General support to SME via schemes & programs Level O Pre-entry Outreach Competitions Talks/Workshops i.dare Creating Awareness for selfemployment and entrepreneurship Level 1 Entry Business Registration Working space Networking Grants Level 2 Basic Industry Business Academy (IBA) Level 1 Capacity building for entrepreneurship Level 3 Intermediate Registration of a Company as Sdn. Bhd Incubation Hands-on guidance &mentorship Seed funding Industry Business Academy (IBA) Level 2 Sustaining and developing business Level 4 Advance Turnover > B$1 million Growth stage Low Volume High Impact Hands-on with account officers (relationship management approach), Level 5 Global Market Access Equity investment Industry Business Academy (IBA) Level 3 Expanding business for the international market 6 3

5 DARe Industrial Sites Business Support Centre 10 SME sites 7 FDI sites 2 Specialised sites Key Functions: Providing a consolidated single portal/venue for businesses to: Access and Submit Business Applications (Permit, Licence, Registration) Obtain Business Advice and Information Learn About and Apply for SME programmes 7 8 4

6 Business Support Centre THANK YOU 9 5