22.2 C
Brunei
Monday, December 5, 2022
22.2 C
Brunei
Monday, December 5, 2022
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    MSMEs learn about angel investing

    In the continuous collaboration between Darussalam Enterprise (DARe) and Baiduri Bank to grow local Micro, Small and Medium Enterprises (MSMEs), a second Angel Investing Workshop was held at DARe’s main auditorium, Design & Technology building in Anggerek Desa Technology Park.

    By way of introduction, angel investing occurs at the start of an entrepreneur’s journey when access to finance and resources are difficult to come by.

    An angel investor would play a very important role not only to provide time and capital but also to share their wealth of experience and resources pivotal to help the MSMEs scale.

    The inaugural workshop on angel investing was held at the Baiduri Headquarters, Community Space on May 17 in a closed-door session with some of Baiduri’s guests. It was an opportunity to generate awareness on the activities within DARe’s ecosystem as well as to share angel investing. This second workshop was aimed at educating the public where individuals and MSMEs in attendance could learn insights on how an angel investor would view their businesses and how they would evaluate them upon interest.

    Acting Chief Executive Officer of DARe Daniel Leong explained, “One of the core aspects of being an entrepreneur is to learn the ability on how to speak to investors or any other financial organisation.

    Attendees at the workshop. PHOTO: DARUSSALAM ENTERPRISE

    “If the entrepreneur is able to articulate the right tone in their business pitch to them, there is a higher chance of securing the right support from these organisations in order to take the company to the next level.”

    He elaborated that although the financial support is one part of angel investing, generally it is the knowledge and expertise that they bring to the table which can be more valuable and can determine the overall success for the business in terms of scale and sustainability.

    Meanwhile, Deputy CEO, Compliance, Corporate Governance and Legal Support at Baiduri Bank Manuel Bulens in his welcoming remarks said, “At Baiduri Bank, we are committed to supporting the national aspiration of building a dynamic and sustainable economy under Brunei Vision 2035.

    “The Angel Investing Workshop is one of the initiatives we launched, in partnership with Darussalam Enterprise, to connect high potential start-ups with prospective private investors which we hope will help bridge the funding gap for start-ups and even those small businesses looking to scale up.”

    The workshop facilitated by Adam Flinter from Golden Equator and Meredith Carson from Epic Angels , covered several topics including the different types of angel investors and risk factors of each type; roles and expectations of angel investors, pre and post investment.

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