Five (5) local entrepreneurs who are currently part of the 2nd cycle of BIBD Catalyst were given the opportunity to attend a Mentoring Session with the co- founders of FashionValet, Fadzarudin Shah Anuar and Vivy Yusof. The aim of the mentoring session was to provide an opportunity for the BIBD Catalyst participants to understand the challenges that the duo has faced as well as the strategy that has allowed FashionValet to grow at such a rapid pace.
BIBD Catalyst is a corporate social responsibility initiative under BIBD that focuses on providing acceleration programs for up and coming entrepreneurs. Baitaal Hijab, Mumtaz Collections, Rozai Hijab, Mukaku Cosmetics and Mudaser were selected based on their ability to export their products, to be trained by FashionValet and have a proven track record of growing and marketing brands successfully through their platform. These businesses were also given the opportunity to sell their products to the public at the FashionValet pop-up store, which ran from 1st to 4th May.
Head of Retail Banking, Hjh Nurul Akmar binti Hj Mohd Jaafar said that “Alhamdulillah, the sharing session today is part of BIBD’s continuous commitment to supporting our local entrepreneurs and providing them with the tools that they need in order to go beyond our borders. This is also one of the ways that BIBD is supporting His Majesty’s Vision 2035, of diversifying the economy and produce highly skilled human assets. Through the BIBD Catalyst program, we want to see more of our local entrepreneurs break into the regional market and carry our flag internationally; these 5 fashion and beauty businesses have been selected on their potential to grow and it is hoped that this program and the invaluable mentoring from FashionValet will be the push that these entrepreneurs need. Our hope is that the BIBD Catalyst program will be one of the best in region, and we are working closely with DARe to refine the objectives with this in mind”.
Commenting on the BIBD Catalyst program, FashionValet’s CEO and co-founder, Fadzarudin Shah Anuar, said that FashionValet shares many common values with BIBD, especially in their desire to encourage and support entrepreneurship. Fadzarudin added that it is a privilege for them to be able to give back to the community, by sharing their experiences and the ups and downs that FashionValet has faced.
Meanwhile, Chief Creative Officer and co-founder, Vivy Yusof shared that they have always seen great potential in Bruneian designers but unfortunately, none have been able to fully penetrate the market outside of Brunei, and this is the challenge that the duo hopes to overcome by working with local fashion and beauty entrepreneurs through the BIBD Catalyst program.
The BIBD Catalyst program is in line with BIBD’s social enterprise role within its Corporate Social Responsibility pillars of entrepreneurship, education and community, and it just one of the many ways that BIBD aims to contribute to the community.