Young Entrepreneurs, Inventors Showcase at INCU Festival

The INCU Festival at the Student Centre was held from 3 to 4 December 2016, featuring incubatees under the UBD School of Business and Economics (UBDSBE) that showcased innovative products and services as part of the Incubation Programme.

Officially launching the two-day festival on 3 December was Associate Professor Dr Mohammad Ayub Sadiq, Assistant Chancellor (Academic Affairs).

Nazurah Noor, a representative from the organising committee, in her welcoming remarks pointed out that this semester  produced outstanding incubatees whose businesses were close to and even surpassed the $1,000 monthly sales mark. "These incubatees utilised and benefitted from the trainings provided by UBDSBE and Entrepreneurship Village," she said. "The Incubation Programme offered by UBDSBE is indeed the right platform to deliver the call by His Majesty for youth empowerment and more entrepreneurs in a bid to secure the country's development."

The "Innovation Corner" at the INCU Festival highlighted innovative prototypes from 13 groups of incubatees, which were a result of the innovation assignment introduced this semester. In five weeks, they created their products and services, carried out marketing validation and received feedback in order to make further improvements.

As part of the festival's launch, two invited speakers shared their success stories in a sharing session. They were Adlina Azlan, Founder and owner of Butik Noor Adlina, and Haziq Sahminan, Principal Photographer of Ministry of Moment Brunei and co-founder of Visionary Project.

Also part of the INCU Festival, sports tournaments were held on the second day for invited higher learning institutions. A futsal tournament was organised for the men and a netball tournament was organised for the women.

This year, there are 74 incubatees divided into six clusters; Handicraft & Tuition, Retail Product, Retail Fashion, Retail Services, Food & Beverages and Event Management. Four incubatees under the Event Management Cluster were committee members of the INCU Festival.

The Incubation Programme offered by UBD School of Business and Economics (UBDSBE) is one of the  activities under the Discovery Year programme, requiring students to set up their own businesses to experience first hand starting, running and growing a business.

In line with the nation’s aspirations, UBDSBE plays a critical role in nurturing young entrepreneurial minds, as reflected by its role in Entrepreneurship At Campus (EAC), incubation projects, entrepreneurship training programmes and the support it provides to other entrepreneurial agencies.

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