The National Small and Medium Enterprise (SME) Awards for 2024 have been officially launched, emphasizing the vital contribution of SMEs in boosting Fiji’s economy. Backed by the Fiji Development Bank and government support, these awards aim to celebrate the resilience, innovation, and potential within this sector.
FDB Chair Damend Gounder stated that the awards not only recognize achievements but also act as a driving force for further growth in the SME landscape. The event, set to take place in June 2024, will feature numerous categories, including Best Agribusiness SME, Youth Entrepreneur of the Year, and Overall SME of the Year, reflecting the diverse economic contributions of Fijian SMEs.
Gounder pointed out a notable trend: each year following the awards’ launch events, there is an increase in loan applications. This suggests a strong link between the awards and the encouragement of entrepreneurial spirit among potential business owners.
The categories for the 2024 National SME Awards include:
– Best Agribusiness SME of the Year
– Impact Awareness SMEs
– Sustainable SME of the Year
– Youth Entrepreneur of the Year
– Women Entrepreneur of the Year
– Emerging Entrepreneur of the Year
– Best Business Person of the Year
– Best Cooperative SME of the Year
– Best Maritime SME of the Year
– Overall SME of the Year Award
Such recognition plays a crucial role in applauding the tenacity and innovation of small businesses that continue to be the backbone of Fiji’s economic development.
The awards’ inclusive nature and broad range of categories serve to inspire entrepreneurs from various fields, fostering a culture of creativity and growth in the Fijian business community. The commitment of the government and financial institutions to support this sector illustrates a positive outlook for the future of entrepreneurship in Fiji.
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