Introducing Program Elevate

Darussalam Enterprise (DARe) is rolling out a new growth program called Program Elevate, where DARe will facilitate, nurture, drive and monitor promising MSMEs to achieve continuous growth in 5 years.

Program Elevate is a structured program, which provides customized assistance where selected participants will develop tailored strategic roadmaps, provided various business coaching sessions and mentorships, networking, funding advice and solutions as well as access to other development programs.

Program Approach

  • Business Review is the first phase of Program Elevate where our appointed consultants will conduct deep dive analysis into each business to identify gaps and opportunities for growth, and develop a mutually agreed strategic roadmap.

  • Subsequent phases (depending on the business’ roadmap) may also include:

    • Capacity Building Program to increase knowledge and business skills as identified in Phase 1 (Business Review).

    • Immersion Program to understand better their target market, import requirements, various funding options and solutions, and key information for successful market entry.

    • Franchise Development Review to evaluate the readiness of a business before developing a franchise strategy and system.

    • Export Facilitation Program to assist businesses to be more export-ready and penetrate international market.

  • Program Elevate participants will also have access to other DARe initiatives such as the Standards Consultancy Programs, Industry Business Academy, Co-Matching Scheme, DAReLINKS, Bruneian Made, and opportunities to participate in overseas expos, trade fairs, business matching and networking session.

 

 

Who are the target participants?

For the first cohort, the target participants will be 20 businesses that are involved in the Food and Beverage sector.

General Eligibility Criteria

  • A locally owned business registered in Brunei Darussalam.

  • Are in active business operation for at least 2 years.

  • Have a minimum annual revenue of around BND $100,000.

  • Demonstrate progressive financial growth (in terms of revenue) in the past years.

  • Possess the aspiration and commitment to pursue growth of the business.

  • Have competitive opportunities in domestic and international market.

How much?

Selected participants are required to pay a one-time commitment fee subject to terms and conditions.

How to apply?

Complete the program’s application form and submit it to program.elevate@dare.gov.bn no later than 9th January 2020

Application form is downloadable at http://bit.ly/ElevateFORM 

Kindly note that only shortlisted participants will be notified.

When does the program start?

The first phase of the program, which is the Business Review, is targeted to begin in February 2020.

For more information contact DARe by email us at:

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