Brunei has been grooming its tech-savvy entrepreneurs to establish start-ups as part of efforts to strengthen the country’s economy. Most of these technopreneurs are based at the Incubator Centre (iCentre).
Activities provided to the prospective start-ups at the centre include outreach programmes, workshops and seminars. They are also given work space, business skills, exposure, mentorship, market access, start-up grants, technology transfer facilities and job networking opportunities, as well as various options to raise capital including via equity investment and overseas placement.
The vision of the iCentre is to grow start-up firms in accordance with international standards. It aims to make them multi-national companies that are comparable with major globally-listed
companies and capable of strengthening the economic development of Brunei creating more job opportunities, making advances in science and technology and contributing to the Gross Domestic Product (GDP) increasing exports and financial return to the government through taxes. Dozens of start- ups undergo the incubation programme.
Some of the major start-up firms in the country include DotRoot Teknologi, which develops telephone applications, and XID Teknologi Pte Ltd, which is involved in XID Next Generation Biometric Algorithm.
Last September, several start-ups took part in the China-Asean Expo (CAEXPO) in Nanning, China.
Nornezi Rozita binti Omar, the founder of Betye, one of the firms that participated in the expo, said the company received an encouraging response to its herbal and aromatic merchandise at the event. She hoped to gain a similar response in 2017 as well as to further promote her company’s cosmetic products in China, Japan and Korea.
Meanwhile, Mona Salleh, Executive Manager of Seri Pakatan Sdn Bhd, said the food manufacturing company specialises in ready-to-eat seafood crackers, adding that its products are fast getting popular in Asian markets.
“We hope to do networking with potential suppliers for our best-selling crackers and conduct our own market study during the expo,” said Mona. “We know that the global demand for Halal products is on the rise and we will bring food products from Pakatan to the expo to test out the market.”
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