four students discussing student matters
Play Video
the most innovative program in bali

Bali Business Foundation Program

Study Entrepreneurship and Leadership in Bali and Become a Next-Generation Leader!

Explore entrepreneurship and leadership in the new, innovative Bali Business Foundation study program (BBF), where you’ll get to launch your entrepreneurial career in an exotic, international environment! You can freely choose courses from Bachelor or Master level and additionally cross-select courses from Warmadewa University’s WIP programApplying to the program is easy and you can get accepted even within a day.

Instead of learning in the traditional concept, you get the chance to escape the classroom and get hands-on experience with various startups, co-working spaces and other well-established companies all over Bali, today´s digital nomad hub, called by some the Silicon Bali. The island’s entrepreneur community is now well-formed and its reputation is developing from a cheap lifestyle haven for bootstrappers into the start-up hub of Indonesia.

Program Overview


Spring (April – July),
Autumn (Sep – Dec)

Max. Credits

30 ECTS /
18 US credits

Program Content

Lectures, guest lectures, company visits and projects

Levels of Study

Bachelor and Master


1790 EUR tuition fee / semester
+ 50 EUR application fee*

Study Fields

Business, entrepreneurship, leadership, project management and digital marketing



  • Semester dates
  • September 4th – December 18th
  • Orientation
  • September 4th
  • Application deadline
  • August 28th
  • Holiday
  • October 19th – October 25th

SUMMER 2021*

  • Semester dates
  • April 2nd – July 16th
  • Orientation
  • March 21st
  • Application deadline
  • February 28th
  • Holiday
  • May 24th – May 30th

AUTUMN 2021*

  • Semester dates
  • September 3rd – December 17th
  • Orientation
  • September 3rd
  • Application deadline
  • August 1st
  • Holiday
  • October 25th – October 31st

*) Dates still tentative

We accept applications for Autumn 2020 also after the application period, but please contact us first.

Experience the Future of Education

The Bali Business Foundation Program is different, innovative and simply better! Escape the traditional classroom environment and learn directly from the most successful entrepreneurs in Bali. 75% of the classes will be held at the venues of these entrepreneurs and will give you real-life insights into their daily operations. What are the benefits of applying to the most innovative study program ever?

Escape the classroom and visit the coolest venues in Bali

Learn what it takes to become next generation Entrepreneur and Leader

Push personal growth through innovational thinking

Create an entrepreneurial attitude and mindset

Connect with people driven to make their ideas happen

Lift your idea off the ground with the support of your peers and mentors

Why study entrepreneurship in Bali?

Bali Business Foundation program is the future of learning and the next step towards fulfilling your entrepreneurial aspirations.

Instead of spending the whole semester on Warmadewa University´s campus, you will get to meet more than 30 entrepreneurs, business owners, influencers, leaders and managers all around Bali. These multi-talented professionals have agreed to open their doors for you, share interesting insights into their businesses, teach you new aspects of entrepreneurship and leadership and inspire you with their personal life stories, with all content based on the syllabi of Warmadewa University. All the hosts are unique personalities, successful in what they are doing and using various teaching methods.

Compared with the traditional concept of education taking place the old-fashioned way with monologues in classrooms, BBF is more than unique, it´s revolutionary. A wide variety of teaching methods, interactive classes, open-minded lecturers that are all experts in their fields – this is exactly what education system reformers around the globe have been hoping for.

Is there anything better than learning from someone who has fulfilled his or her dream already? Apply now to the BBF Program and find it out for yourself!

Read more in our blog article.

Studying in the warmadewa Bali Business Foundation Program (BBF)

The Bali Business Foundation (BBF) is an international study abroad program offered exclusively by Asia Exchange, and suitable for everyone who is eager to learn from inspiring entrepreneurs and leaders. The program has been designed in a way to give you a comprehensive and unique insight into entrepreneurship and leadership. You will learn about the successes, failures, opportunities and obstacles in various businesses. You will equally learn from male and female entrepreneurs and from the smallest startups to entrepreneurs who make a global impact.

Who is this program for?

  • You’re a university student (or similar)
  • You have a desire to become an entrepreneur or a business leader
  • You want to expand your business knowledge with the help of peers and mentors
  • You want to study abroad in a unique and exotic environment
  • You want to get to know people from all over the world and build your international network

Courses in the BBF program

You can pick 3–6 courses per semester. The courses consist mostly of guest lectures and company visits.

You can choose each course either on Bachelor’s or Master’s level

List of courses

Course selections

The course selections are made after the application deadline and can still easily be modified at the beginning of the semester.

Course requirements

All the courses have a 75 % attendance requirement. Failing to adhere to this requirement may lead to failing the course.

Course schedule

The lectures and company visits mainly take place from Wednesday to Friday. Mondays and Tuesdays are reserved for independent work on individual assignments and group projects. The semesters run for 16 weeks from April to July and September to December.

Free Online Course

Our friends from the Aalto Ventures Program launched a top notch, free online course that focuses on startups. This course is not a course of Warmadewa University, but it is a fantastic addition to the curriculum of the BBF program. Warmadewa University highly recommends everyone to participate in the Starting-Up course after applying to the BBF program.

The content of the course creators comes from Aalto Ventures Program, Kiuas, and Reaktor employees. The source for the material consists of published literature and interviews with entrepreneurs that were conducted especially for this course.

The best of all, you can earn additional 2 ECTS issued by Aalto University with this course. Aalto University is one of the most prestigious universities in Finland and Warmadewa University is proud to include the ECTS points of “Starting-Up” in the academic transcript of students joining the BBF program. Learn more about Starting-Up and register for the course here!

To get the course included into your academic Transcript of Warmadewa University, simple send us an e-mail with the enclosed certificate of participation.

Warmadewa University grants credits directly as either ECTS or US credits. Each course is worth 5 ECTS. You may choose between 3 and 6 courses, which amount to 15–30 ECTS or 9–18 US credits. The courses include assignments, projects and company visits. You also have the option to add courses from the Warmadewa International Program for an extra fee of 150 EUR per course. You will earn credits from these courses the same way as from your program.

Course grading

Tuition fee: 1790 EUR / semester
Application fee: 50 EUR.
See what’s included in the fees.

Are you from outside of Europe? Find out more about the fees.

Benefits when applying via Asia Exchange

  • Confirmation even in one day
  • Asia Exchange Guide with lots of information about studies, visas, accommodation and other tips
  • Orientation days and fun events and activities
  • No English proficiency test required
  • 100 EUR discount when you apply for two semesters.

To apply, you need to have at least

  • a minimum age of 18 years
  • a high school diploma or similar certificate.
  • sufficient English skills (B2 level). You’re not required to take an official language test, however.

See the additional requirements.

  • An official transcript of records of all your semesters in English (signed and stamped by your home institution or verified with electronic signature or a barcode). If you are not currently enrolled at an institution of higher education, a copy of your high school (or equivalent) diploma or bachelor/masters diploma in English. Click the link above for an example transcript of records. The format may vary from university to university.
  • A copy of the identification page of your passport. The passport needs to be valid for 6 months after the end of the semester. If your passport expires earlier, please apply for a new passport as soon as possible. Please note that applications sent without a valid passport cannot be processed.
  • Signature Page (See example)

 Apply to study abroad in the BBF Program


Get the required documents (see list below)


Fill out and submit the online application form together with the required documents

accepted within one day

You’ll get a confirmation of your study placement within 1-7 days

  • Flexible application: You can apply even if you’re not yet certain of your plans. Cancel at no extra cost up to 1 month before the semester starts.
  • When you apply for two semesters: 100 EUR discount on the second semester
  • Get access to comprehensive information materials such as an Asia Exchange Guide and an interactive orientation webinar after you apply



  • Scan the required documents (1–2) to your computer.
  • Finally fill out the online application form below and submit it with all the documents.

Uploading and submitting the attachments

  • Please upload the attachments in PDF format.
  • If possible, please submit all the attachments together with the application. If you’re missing some attachment(s) when you first apply, you can send the missing document(s) later.  However, please note that we won’t process applications without any attachments whatsoever.
  • All attachments must be sent to us by the application deadline at the very latest but preferably as soon as possible.
  • You can submit all the documents electronically. Please don’t send anything via regular mail.
  • There is a late application fee for applications or attachments submitted after the application deadline.

Confirmation, official acceptance letter and visa

You’ll get a confirmation of your study placement in 1-7 days, starting from the day your application is complete with all the required documents. You’ll receive the electronic official acceptance letter approximately 1,5 months before the semester starts. You need to print the official acceptance letter for your student visa application. 


The application fee invoice will be sent to you soon after the initial acceptance letter. This fee will be due within 10 days of receiving your confirmation. The application fee is non-refundable even if you decide to cancel (see below). You’ll receive the invoice for the tuition fee about 2.5 months before the semester starts.


If you’re unable to participate in the study abroad semester, you have the right to cancel your participation up to 1 month before the semester starts with no extra cost (the application fee will not be refunded, however). Let us know about your cancellation by writing us an email at info[at] Cancellations notified via phone, SMS or by any other means will not be considered. For more detailed information on our cancellation policy, please see terms and conditions for cancellation. We also reserve the right to cancel your participation if any of your fees becomes overdue. For more information, please see our terms and conditions.

Travel insurance

You are required to have a valid accident and health insurance from your home country for the whole duration of the program. The university may request a copy of the insurance certificate at the beginning of the semester. See our recommended travel insurance providers.

Universitas Warmadewa, abbreviated as UNWAR, is a private university that was founded on 17 July 1984. It is ranked among the best universities in Indonesia. The university has 7 faculties and 19 study programs. Its name was proposed by the Governor of Bali, Ida Bagus Mantra to honor a former king of Bali, Sri Kesari Warmadewa. The big and modern campus area and its several faculties accommodate students from all around the world. Learn more about Warmadewa University.


Warmadewa University Jalan Terompong No 24 Denpasar 80235 Bali Indonesia

University’s website Bali Business Fondation Program (BBF)

University’s contact person

Prof. Dr. I Nyoman Kardana, M.Hum


  • Ministry of Research, Technology and Higher Education of the Republic of Indonesia
  • Indonesian National BAN-PT Accreditation


  • Platinum II Tri Hita Karana Award in recognition of consistency of maintaining the high standards (December 1, 2016)
  • The top ten best campus given by Bali Best Brand Award (December 17, 2016)

On-campus facilities include tennis courts, a basketball court and a language library. You are more than welcome to participate in different kinds activities such as drama, dance and sports clubs. You can teach English and play with children at the children’s home Seeds of Hope during the semester. Exchange students are encouraged to participate in activities, such as jogging events, with local students. Students also like to form their own football, tennis and beach volley clubs.

In collaboration with

Click here for a detailed description of our current hosts

Most frequent questions and answers

Q: Are there mandatory courses? A: No, there are no mandatory courses.

Q: When are my course selections confirmed? A: We will send your course selections to Warmadewa University approximately 1 month after the application deadline. Unless you’re notified that there is overlapping with your course selections, all your course selections are confirmed.

Q: Can I drop out of a course or add a course after making the course selections? A: Dropping out of a course is still possible until the second week of the semester as long as you still have a minimum of 3 courses left. If you wish to add a course, it is still possible on a case-by-case basis prior to the start of the semester (until a maximum of 6 courses). Please email

Q: How does the weekly schedule look like? A: In general, you will have lectures and company visits from Wednesday to Friday. These will be hosted by professors from Warmadewa University and several guest lecturers and hosts in their venues.

Q: What is the required minimum attendance? A: You must attend a minimum of 75 % of lectures and company visits. You must also pass the mid-term and final exams to receive your grades. In case of sickness, you can discuss with the program staff regarding excused absence.

Q: When do the exams take place? A: All exams will take place inside the official semester dates. Mid-term exams take usually place the week before mid-term holiday and final exams the last week of the semester. The exams are scheduled for the same weekdays and times as your normal classes.

Q: What kind of costs are there regarding study materials? A: There are no book fees in the BBF Program. Most of the study materials will be uploaded to a student folder in Dropbox/Google Drive. Some assignments must be submitted as printed documents. There are printing shops outside the campus and printing is extremely cheap in Bali.

Dresscode: You should always cover your shoulders, belly, knees and toes when on campus. Please bring enough proper, lightweight clothes with you from home as it can be difficult to find especially bigger size clothes or shoes in Bali.

Q: What is the correct type of visa for studying at Warmadewa University? A: Social-Cultural Visa / Short Visit Visa.

Q: When can I apply for my visa? A: As soon as you receive the official acceptance letter from Warmadewa University. We will send this to you approximately 1,5 months before the semester starts. You cannot apply for your visa with the initial acceptance letter from Asia Exchange.

Q: Can I travel inside of Indonesia during the semester even if my passport is at immigration for extension? A: Former students have been able to travel with a scanned copy of their passport’s ID page and student card from Warmadewa University. You can find general information about Indonesian student visas here.

Q: How can I find suitable accommodation options?
Read our accommodation guide for Bali here
. Many of our former students have used the services of or

Q: Should I book accommodation in advance or after arriving in Bali?
A: It is completely up to you. During the autumn many of the cheapest places get booked in advance but most students still prefer checking the accommodation options in person after arrival.

Q: Do I need an International Driver’s License for driving a scooter in Bali? A: Yes, you do. If you don’t yet have one, please order it from your national car union’s website. Bear in mind that driving a scooter in Bali requires a motorbike license. Without one, you might have problems with your insurance company in case of an accident.

Q: Which vaccinations do I need to take? A: We recommend MMR, Tetanus-diphteria and hepatitis A and B. You can ask your doctor for possible other recommendations in case you wish to travel to more rural areas. Bali is not a malaria-endemic zone, so most likely you will not need to purchase anti-malaria medication.

Q: Can I bring prescription medicines to Bali? A: That shouldn’t be a problem as long as you bring the doctor’s prescription with the medicine. Some medicines can be very hard or impossible to find in Bali even though there are plenty of pharmacies in the more touristy areas of Bali.

Q: How are the hospitals in Bali? A: There are many international standard hospitals in Bali, for example BIMC, Siloam and Kasih Ibu. Please ask your insurance company for their partner hospital in Bali, as most insurances have one which they prefer. With minor worries you can usually visit the local clinics that can be found everywhere.

Q: Do I need to have a travel insurance? You are required to have a valid accident and health insurance from your home country for the whole duration of the program. The university may request a copy of the insurance certificate at the beginning of the semester. See our recommended travel insurance providers.

Q: What kind of costs should I be prepared for? In addition to tuition fees, you should be prepared to pay for the student visa, flights, accommodation and other living costs. There are no book fees in the BBF program, as most of the study materials will be uploaded to a student folder in Dropbox/Google Drive. The cost of living is relatively low in Bali. The actual costs depend on your individual lifestyle. Find a list of general living costs here. Read more about budgeting your study abroad semester.

Q: I need to have my learning agreement/certificate of enrollment signed. What should I do? A: Please fill out the document and send it to and we will forward it to Warmadewa University for signing.

Q: When will I receive my Official Acceptance Letter? The electronic official letter of acceptance will be delivered to you latest 1 month before the semester starts. Please print it for your student visa application.

Q: When will I receive my Transcript of Records? A: The university prepares and sends the transcripts of records usually within 2 months after the end of the semester


Read More
“Hello everyone please let me know if you have any questions or feel curiosity to know how was my experience in Bali… Going to class in the mornings and some afternoons, going by motorcycle everywhere, going studying for some exams and every day finding an interesting and entertaining thing to do.I absolutely recommend this study program to all students who are looking for personal and professional growth. Take on the challenge and you will succeed.” Read more in David’s Blog!