JABCHOR PROGRAM

RMA-BCCI PARTNERSHIP

line

To supplement the Royal Government of Bhutan’s initiative to promote Cottage and Small Industries (CSIs) towards economic transformation, the Royal Monetary Authority of Bhutan (RMA) and the Bhutan Chamber of Commerce & Industry (BCCI) shall partner as spearheading organizations to facilitate the continuity of the Jabchor platform for equity financing from angel investors.

Additionally, BCCI shall also establish and host the Business Information and Facilitation Centre for enabling the grooming sessions, legal support, business information and other necessary technical know-how capacity support.

“Jabchor” is a pilot initiative inspired by the concept of Angel Investors. Jabchor was initiated by Royal Monetary Authority of Bhutan in 2018 creating a unique platform for mapping the investors to potential businesses. It inspires scalable businesses to further explore funding opportunities and matching business partners.

The platform has already hosted 10 entrepreneur’s pitches in two seasons and has proven to be popular with much buy-in from prospective investors circle. The platform gave opportunities to young entrepreneurs to explore a different business model with solutions to alternate access to finance. The platform shall continue to provide and facilitate a holistic and inclusive support services that engages business planning, project proposal developments, legal technicalities, financial statements and preparation for the Jabchor pitch.

The entire facilitation structure shall reinforce robust collaboration within the highly valued network of key government agencies, private sectors, financial institutions, NGOs and other key stakeholders.

To further safeguard the efficiency of the platform, RMA in partnership with BCCI has formulated this SOP outlining clear procedures for conducting the Jabchor events, operation of the business information and facilitation Centre and shall also highlight roles for the implementing partners.

Partnership

Rational Scope

line

  1. Royal Monetary Authority of Bhutan and Bhutan Chamber of Commerce & Industry shall be the lead partners in facilitating the Jabchor partnership program.
  2. RMA in pursuance to promoting inclusive access to finance as one of the key pillars to RMA’s strategic plan and BCCI’s overall drive to enhance private sector development aligns to the rationale and scope of the key partner’s engagement to this partnership program.
  3. The standard operating procedure (SOP) for the partnership program shall serve as a guiding document to the implementing partners for ensuring close coordination, smooth operation and achieving quality output from the Jabchor platform and Business Information & Facilitation Centre.

Key Objectives

line

  • Identify, build capacity and accelerate potential, viable and scalable small businesses to the next level;
  • Provide access to business information, networking opportunities and connect to potential business partners.

Business Information &

Facilitation Centre

line

Business information and facilitation Centre is established at the BCCI office equipped with relevant infrastructure and resources. It shall aim to provide one stop information and other business support services. It shall also coordinate and facilitate Jabchor orientation and grooming activities.

The Centre shall extend support through mobilizing key technical expertise, networking opportunities to enhance key connections and capacity building sessions. Mentorship, advisory services, financial modeling, pitch preparation, incubation support, marketing strategy and rehabilitation services are some of the identified support areas.

The center shall also facilitate co-working space equipped with necessary facilities at the BCCI head office. The Centre shall act as “one stop center “ that will coordinate all required business support services through its collaboration with local key stakeholders and established international networks.

The center shall also offer Human Resource Capacity Development services to the mentors, investor’s, relevant stakeholders and other members from the private sector. On certain days, the Centre shall open its services to the public in general

Target Business Firms

The Centre shall extend the following services based on the need and relevance

line

  1. Business incubation support
  2. Business Advisory & information services
  3. Reviewing of business plan and pitching deck preps
  4. Shall host a database of business contacts for reference
  5. Matching with relevant and experienced business mentors
  6. Access to legal and technical advice from relevant partners
  7. Practical experience of business pitching to prospective investors
  8. Development of media related promotional resources including AV clips
  9. Shall guide and support business planning and consultation activities
  10. Shall provide platform to share knowledge, experience, networking and B2B Meet
  11. Shall conduct workshops/training for the entrepreneurs and provide platform for the entrepreneurs to have access to internet and web browsing facilities
  12. Practical experience sharing of business pitching both at the local and international level with Webinars facilities with international experts and counterparts