The Fiji Enterprise Engine (FEE) – Accelerator Program, managed by the Fiji Commerce and Employers Federation (FCEF), recently announced a new partnership with its former participants to bolster the program. This collaboration was formalized through a memorandum of association signed at the FCEF headquarters last Friday.
FCEF President Vinay Narsey expressed gratitude to the new partners for their ongoing support of the FEE program. “The FEE program has made remarkable progress since its launch in 2019,” he stated. “We appreciate the long-standing partnerships and thank those who have contributed to the FEE program’s success.”
The Fiji Enterprise Engine represents a collaborative effort between FCEF and several key partners. The Australian Government has been a significant supporter of FEE since its beginning. Before FEE, private-sector-led accelerator programs were uncommon, and FEE acknowledges the Australian Government’s vision to develop a robust program catering to local micro, small, and medium enterprises (MSMEs).
In 2022, the FEE scholarship initiative was established with the help of the Market Development Facility (MDF). Recognition is given to the 2022 scholarship partners, including the iTaukei Trust Fund Board and the Ministry of External Trade, Cooperatives, SMEs, and Communications, for enabling MSMEs to join the program through full and partial scholarships.
In 2023, the International Labour Organization (ILO) and the Reserve Bank of Fiji (RBF) joined as partners, and this year, Capital Insurance has also come on board. FEE has been fortunate to have dedicated International Master Trainer Steve Cordiero, who has contributed to the program over the years.
Since its inception, the FEE program has trained 77 MSME owners, providing coaching in various areas such as Accounting & Finance, Branding & Marketing, Strategic Management, Human Resources, and Entrepreneurship & Innovation. Participants also benefit from personalized coaching sessions and business compliance workshops.
Savenaca Baro, Acting CEO of FCEF, noted the milestone of having alumni return as partners to support FEE. “FEE has seen significant growth since 2019, and I appreciate the support received,” he said, emphasizing the importance of collaboration in empowering MSMEs and nurturing resilience in the business community.
Each FEE cohort brings together a distinct group of entrepreneurs who establish lasting connections and a network that extends beyond the program. The unique culture fostered within each group allows participants to embark on their business journeys, identify challenges, learn, and implement changes to achieve their goals.
Palinda Kaitu’u, Business Accelerator Manager, highlighted the FEE program’s commitment to creating an inclusive environment where MSMEs can discuss their challenges and aspirations candidly. “The program creates a safe space for sharing insights and seeking guidance, empowering participants to thrive in a competitive market,” she said.
The 25 MSMEs that partnered with FEE and FCEF include participants from various cohorts previously involved in the program.