Berakas – A prize presentation was held for the winners of the BIMP EAGA Entrepreneur Competition held at The Lecture Theater of School of Aviation, IBTE Sultan Saiful Rijal Campus on the 28th April 2022. The competition was held at The School of Energy and Engineering, IBTE Mechanical Campus on the 21st April 2022.
The winners of the competition get to receive cash prizes from the guest of honour for the event, Yang Berhormat Dato Seri Setia Awang Haji Hamzah bin Haji Sulaiman, Minister of Education. The winning team received $2000, second place received $1500, third place received $1000, and consolation place received $200.
First prize went to Gamification, whom designed an educational board game especially to assist students age 12 years old and above to overcome difficulties in the students learning. Second prize went to SES Cares, a start-up that focused on providing ladies what they needed during their menstruation and empowering them with knowledge of women’s health and body. And the third prize went to Mended Design, whose business proposal aimed to eliminate fabric waste from used clothing by repurposing them into a new product that they could market.
43 teams submitted their proposal for the competition and 9 team were shortlisted to participate in the competition. Each team were mentored by various entrepreneurs to prepare them for the five minutes live pitch to a panel of judges that comprised of Awang Adna Shatriremie bin Hj A. Abd Rahman, Head of Entrepreneurship Innovation Centre, Ministry of Education; Hj Abdul Yusrin bin Dato Seri Laila Jasa Hj Mohd Salleh, Programme Director, Shell LiveWIRE Sdn Bhd; Jason Tse Tow, Financial Specialist, Darussalam Enterprise (DARe); member of the Brunei Darussalam BIMP-EAGA Business Council 2021-2024; and Awang Haji Syed Mohammad Yassin Haji Syed Anayatullah Shah, Young Entrepreneurs Association Brunei (YEAB).
The BIMP-EAGA Entrepreneurship Competition 2022 was developed as a continuation of BIMP-EAGA Entrepreneurship Camp that was held from 6th to 8th of December 2021. The goal of the Competition was to cultivate local economic development by inspiring and supporting local entrepreneurs. By stimulating entrepreneurial activity and to encourage small businesses to create strong business pitches, this was to encourage the creation of new companies and the expansion of existing businesses in Brunei Darussalam.