Brunei Economic Development Board
The Brunei Economic Development Board (BEDB) is a government agency focused on promoting economic development in Brunei through grants, incubation, and market access initiatives. It supports local businesses and startups, particularly in technology and manufacturing sectors.
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Overview
The Brunei Economic Development Board (BEDB) was established in 2001 as a statutory body under the Ministry of Finance and Economy. Its mission is to foster a resilient and diversified economy in Brunei, aligned with the Wawasan Brunei 2035 vision. BEDB aims to catalyze sustainable growth by attracting both foreign and domestic investments, creating jobs, and developing industrial infrastructure. The organization focuses on enabling private sector growth, increasing internationalization, and enhancing BEDB capabilities through various programs, including the iCentre incubation program and the Co-Matching Scheme for local businesses.
Focus
BEDB invests in a variety of sectors, including technology, manufacturing, and services. It provides support through business assistance programs, financing options, and market access initiatives, aiming to create opportunities for local enterprises and stimulate economic growth.
Support
BEDB adds value to portfolio companies by providing access to grants, incubation support, market access initiatives, and resources for digital enablement. Its programs are designed to help local businesses grow, innovate, and expand their reach in both local and international markets.
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