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Renewed, revamped: Industry Business Academy’s Cycle 2

Six core business processes taught across three levels of increasing complexity

Productivity, financial management, marketing, customer service, corporate governance and HR capability. These six fields are ever present in business – whether you’re an aspiring entrepreneur or an established company – and the revamped Industry Business Academy (IBA) will put them at the forefront of their new cycle starting this month.

Darussalam Enterprise (DARe) kicked off IBA last July as an integral component of their developmental programme to provide businesses with the knowledge they need to start, grow and export.

Subject matter experts from the public and private sector were brought in to teach aspiring entrepreneurs in level one and small and medium enterprises in level two. In this cycle, a third level will be added – catering to established businesses with an eye on expansion and export.

The concepts taught in the six core modules will become more advanced with each increasing level. A module consists of one to two classes, taught once across half to a full day. All classes for this cycle, which runs until June, are free.

Those registering are not tied to any specific module or level; they have the freedom to join in any class as long as they RSVP when the class list is emailed out.

Classes typically seat 50 people, and space is reserved on a first come first serve basis. You can also bring up to two guests with notice.

To register send us an email at dare@ei.gov.bn or contact our hotline at 8363442 expressing your interest and we’ll shoot you back a simple registration form to fill up. We’ll email to notify you about the classes in advance.

What is Industry Business Academy? 

Industry Business Academy (IBA) is a SME development and learning programme developed by DARE (Darussalam Enterprise). It was created after analyzing present day issues related to capabilities and knowledge of the local entrepreneurial environment. DARe has identified a need to provide a platform where enterprises can increase their skills and knowledge in starting, running and expanding a business. 

What are IBA Levels?

​IBA Programmes
​IBA Levels
​IBA Level 1
(Startups and Micro SMEs)
​IBA Level 2
​IBA Level 3
(Established companies)
​General Curriculum
​Objective​Increase general knowledge of how to start a business, and how to ensure business is sustainable.​Increase knowledge and appreciation of how to ensure sustainability in a growing company.​Increase knowledge and appreciation of how to successfully expand a company overseas.
​Special Topics
​Focused on business opportunities and increasing knowledge and understanding of government regulations and policies on specific industrial sectors.

Who Can Register for IBA?

The IBA programme is open to any aspiring and existing entrepreneurs of all levels. Participants will be allocated in levels according to their requirements and are also welcomed in other levels should they see the need for it.

Whether the participants are at ideation stage or on the edge of exporting their products to another region, the IBA programme provides the kind of guidance and training that enables the participant to confidently set their business on the path towards achieving their goals.

What Modules are available in IBA?

There are two categories classified in IBA

​​General CurriculumSpecial Topics

Skills development for SMEs. Modules will cover topics such as:
  • IBA Level 1- Starting a Business
  • IBA Level 2 - Running a Business
  • IBA Level 3 - Expanding a Business

Participants will gain new information and knowledge on specific topics:
  • Opportunities in upcoming projects / value chain opportunities
  • Regulations & Policies

General Curriculum


Startups & Micro SMEs

  • Preparing to start a business

  - Writing a Business Plan
  - Validating Your Idea
  - Who and Where is Your Market

  • Creating the right team

  • Getting Financing (Angel Investment, Own Financing)

  • Financial Management (Basic)

  • Presentation & Pitching

  • Marketing


  • Financial Management (Advanced)

- Bookkeeping
- Record Keeping
- Financial Forecasting 
- Accounting

  • Getting Financing (Banks and Venture Capitalists)

  • HR Management

  • Marketing & Building Brand Equity

  • Managing Customer Service

  • Knowing your Sales Channels or Strategies


  • Corporate Governance

  • How to Enter Overseas Markets

  • Preparing your Investor Pitch

  • Utilizing TPP and AEC to your Advantage

  • Managing Risks Overseas 

Special Topics

​Business Opportunities in Specific Industry Sectors

​Regulations & Policies

​Opportunities in Upcoming Projects or Value Chain Creation

  • Construction Industry

  • Aquaculture

  • Agriculture

  • Retail

  • Logistics

  • Food

  • ICT

  • Healthcare

​Surrounding specific Industries

  • Starting & Running a Business

  • Starting & Running an ICT Business / Online Shop

  • Participating in projects for the Government

- How to Tender
- How to Make Claims
- How to Run an NGO

  • Certification of Halal Food

  • Social Entrepreneurship

  • How to run a Franchise