Darussalam Enterprise's (DARe) fourth cycle of the Start-up Bootcamp will be concluding its 100-day programme with a Demo Day where the top three start-ups will pitch to a panel of investors at Golden Equator in Singapore.
The three start-ups that will be pitching are Memori – a legacy planning platform; Rotuku – an online marketplace; and essentials.ai – an insurance technology service. These start-ups were selected out of a pool of 18 start-ups who pitched before a panel from BIBD, Progresif and this cycle's Startup Bootcamp facilitator – Golden Equator – in Brunei Darussalam.
Coming towards the end of the programme, the selected start-ups have made progress of their own; Memori secured USD100,000 from 113 Venture Growth Fund and have gained access to a pool of potential customers from 2 insurance agencies and Asia's largest bereavement service provider; essentials.ai are looking to use a chatbot service that can communicate more effectively with digital-savvy populations on insurance and will launch a closed beta product in a month; and Rotuku have begun to internationalize their platform adding 25,000 new products to their website from China, Malaysia and Indonesia next month and has also opened up a shop in Brunei to further validate the existing products with the Brunei market.
Pg Zainul Asri Pg Abd Razak, Manager at DARe shared that, "The variety of start-ups developed from DARe's Startup Bootcamp programmes have ranged from smart farming, Islamic education, social enterprises, sport activities, transportation services, F&B, and many more. We encourage our local startups in all industries to join any one of our programmes. The programmes that we build for the startups is only part of their entrepreneurial journey, if anything, it is only the beginning."
Adam Flinter, Managing Partner for Golden Equator Consulting and one of main facilitators for the bootcamps, said, "We are really thrilled to see the strong progress these startups have made in 100 days and to be able to equip them with the foundational knowledge to maximise their growth potential and achieve long-term business sustainability. Together with Golden Equator Capital, we have lined up key investors that will help open up opportunities for potential investment and collaboration for these Bruneian startups."
The three startups will be pitching on Thursday, 10 January 2019 to a bench of early-stage investors and venture builders such as Rekanext, Gree Ventures, and REAPRA at Golden Equator Group's office located in Singapore. Included in the panel of investors is also Fundnel, an investment platform that lists high-growth startups and companies for qualified network of investors to invest in.
DARe's Startup Bootcamp is a 100-day training programme designed to help entrepreneurs shape their businesses provide them with skills and opportunities to scale their businesses rapidly. The first three cycles of the Startup Bootcamp saw 46 local startups collectively raise 919K in investment and provide employment to more than 360 people.