Sub-initiatives
Foodie
Vending Machine Project for Elevate
DARe Links
Franchising
FOODIE
Launched in May 2022, the Food Development and Innovation for Enterprises (FOODIE) is a joint Research and Development (R&D) initiative between DARe and UTB CrAFT (Centre for Research on Agri-food Science and Technology). This initiative aims to address the R&D needs of businesses in the areas of food science and innovation.
Bridge Industry Needs with Academic Resources
Connect Institutes of Higher Learning (IHL) resources with the specific needs the industry.
Promote R&D for Business Growth
Enhance product quality and innovation to keep businesses competitive and support growth.
Enhance Employability and Skill Development
Boost job prospects for students and develop a skilled MSME workforce.
Boost Process Efficiency
Accelerate research to drive new discoveries and insights that enhance product quality.
What are the Key R&D Focus Areas?
Vending Machine Project for Elevate
Elevate companies have the opportunity to expand their reach by showcasing their products through vending machines, providing a unique platform at a low cost to broaden their distribution channels.
DARe Link
An initiative designed to enhance Brunei’s In-Country Value (ICV) by increasing the participation of local enterprises in the local supply chain through facilitating linkages between businesses and opportunities.
Franchising
Franchising is a business model in which a franchisee is granted the rights to run a business using the brand, systems, and support of an established company (the franchisor). In return, the franchisee pays upfront and ongoing fees. This approach allows the franchisor to grow their brand while giving the franchisee the opportunity to operate a business with a tested and successful structure.
In 2023, BEDB hosted two Franchising Workshops and organised a market exploratory visit to Manila, Philippines.
Key Features of our Franchising Programme
Workshop
Designed for businesses looking to expand and grow through franchising, providing comprehensive knowledge from the fundamentals to advanced insights. It covers everything needed for skill development, whether you are aiming to become a franchisor or a franchisee.
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Market Exploratory Visit
Tailored for companies with high potential and interest to expand overseas through franchising. In 2023, BEDB organized a market exploratory visit to Manila, Philippines.
A market exploratory visit will enable the Brunei businesses to:
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Experience business environment first-hand and understand all relevant associated costs with establishing a franchise business;
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Connect with prospective business partners (franchisees) and key stakeholders that can assist in developing viable business plans;
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Ascertain the required local processes for franchise arrangements;
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Conduct market research and competitor analyses to define target market and determine ideal products/services, price, placement and promotion needed;
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Assess real estate and physical spaces for potential business location.
