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DARe launches eighth cycle of Accelerate virtually

DARe (Darussalam Enterprise) launched the eighth cycle of Accelerate virtually yesterday with its new programme facilitator StartupX, an innovation, start-up, and venture enabler based in Singapore.

This year, 21 businesses were shortlisted to be a part of the programme – eight from the ICT industry; five from the manufacturing industry; five are providing services, while the other five are from the food and beverage industry.

The programme will see participants undergo 15 weeks of workshops and consultations on identifying market opportunities; building a team and setting targets before delving into marketing; developing a minimum viable product; mapping out financial projections and pitching.

Executive Officer Muhammad Saiful Azzam bin Haji Sarpudin said the first bootcamp was when it first started to help a number of start-ups scale rapidly.

“From there, we saw the potential of local start-ups expanding and catering to more industries.”

Meanwhile, StartupX Principal Consultant and Chief Operating Officer Raymond Doraisamy said, “We are incredibly honoured by the opportunity to work closely with DARe to grow the early-stage startup ecosystem in the Sultanate. We aim to drive a spirit and culture of innovation and enterprise among the locals through the Accelerate platform and beyond, bringing our decade of experience working with global startups to the local ecosystem. We look forward to bridging together the Singapore and Brunei ecosystems to create greater collaboration opportunities and market access for both sides.”

The Accelerate, one of two business bootcamps run by DARe, is a 100-day programme aimed at helping early-stage businesses grow by leveraging on technology, raising investment and building innovative business models.

The DARe business bootcamp programmes, which include Micro and Accelerate bootcamps, are designed to give participants a focus on start-up initiation and business development. The micro bootcamp assists individuals in starting their business journey, while the Accelerate bootcamp assists business growth.

DARe representatives and bootcamp participants. PHOTO: DARE