Are you a business looking to provide products or services to Large Companies in Brunei Darussalam?
DARe has introduced the DARe Links programme to develop the technical and business skills of micro, small and medium enterprises (MSMEs) and prepare them to perform adequately on contracts with Large Companies through a series of assessments, mentoring and training.
What is the objective of the programme?
1. To increase economic activities for positive growth of MSMEs by maximizing local purchasing of Large Companies and facilitate import substitution when possible.
2. To allow more skill and technology transfer into MSMEs from Large Companies.
3. To help develop domestic industry by upgrading local MSMEs to meet international standards.
4. To grow MSMEs that create job opportunities.
What is the duration of the programme?
The programme will be an ongoing programme whereby MSMEs can register as a vendor through the DARe LINKS Portal at any time.
What is the DARe LINKS Portal?
The DARe LINKS Portal is where the linkage activities will happen. MSMEs can register as a vendor to have access to a directory of opportunities offered by Large Companies, including projects, tenders and procurement requests.
Through the portal, vendors can:
• Submit their proposals for projects, tenders and procurement requests.
• Apply for Vendor Development training offered by DARe.
• Increase their credibility and visibility to Large Companies.
Large Companies can also benefit through the portal as it provides a one stop platform to advertise opportunities and to gain access of registered vendors from various business sectors in Brunei.
What is Vendor Development Training (VDT)?
To ensure that vendors are prepared to compete for awards, be it by tender or procurements, the DARe LINKS programme require registered vendors to attend a minimum of 3 training courses provided by IBA under Vendor Development Training upon registration. VDT will be used to assess their capabilities to verify their commitment in order to be recommended for a potential linkage opportunity.
What modules can you expect through Vendor Development Training (VDT)?
As all vendors must attend at least 3 modules under VDT to be eligible for recommendation for linkage, please find the offered modules below:
1. Financial Management, including procurement processes and best practices
2. Organisational Strategies through business plan writing
3. Leadership courses – related to organisational change
4. High-impact Powerpoint Presentations Training
5. Pitching & Negotiations Skills Training
6. Digital Transformation Training, including Data Analysis
How often will Vendor Development Training be available (VDT)?
VDT will run the relevant modules within the span of 2-3 months for each cycle. Upon registration, vendors can attend modules at any cycle subject to their availability. Vendors are free to attend any other modules they feel fit to further develop their business skills.
Who is eligible for the programme?
Criteria for MSME:
• Locally registered company under ROCBN
• Minimum 1 year of business operations
• No. of employees less than 100 with annual revenue between B$100K and B$5M
• Strong team members, be self-motivated and willing to change
• Demonstrate the potential to deliver on the work contract
Criteria for Large Businesses:
• Must be either FDI/GLC/MNC and/or corporate organisation that is locally registered under ROCBN
• Large Companies can be from any industry
• Has the resources to provide coaching/mentorship to linked MSMEs
What information will be collected from the companies during the programme?
• Milestones / KPI achieved
• Effectiveness of DARe’s assistance
• Revenue from linkage
*KPIs can be tracked based on the following areas: employment, quantity of contracts, the size of contracts, change in turnover, etc.
• Satisfaction rating
• Programme feedback via survey
How many companies are eligible for the programme?
DARe LINKS welcomes unlimited number of MSMEs to register as a vendor.
How is this different from iUsahawan?
iUsahawan is a programme organized by MEMI that caters specifically to the following criteria:
• Brunei Citizens from the 7 inidigenous groups within the ages of 18-40 years old
• No prior contract with the Government, GLCs or Statutory Bodies.
• Incorporate as Sdn Bhd in Brunei (upon award of contract)
• Projects are limited to low-risk contracts from minimum of 3 years, worth minimum $100,000
DARe LINKS will offer linkages for eligible MSMEs through tenders with participating large companies, as well as procurements opportunities and subsidized services (where available).
Who are the participating Large Companies
If there are other large companies interested to take part, how do they register?