The Fiji Enterprise Engine (FEE) – Accelerator Program, overseen by the Fiji Commerce and Employers Federation (FCEF), has announced a new partnership with alumni from its previous cohorts to bolster the program’s objectives. The partnership was formalized through a memorandum of association signed at FCEF last Friday.
FCEF President Vinay Narsey expressed gratitude to the new partners for their ongoing support of the FEE program, which has significantly evolved since its launch in 2019. He acknowledged the progress made and thanked all contributors for their role in the program’s success.
The Fiji Enterprise Engine is a collaborative initiative that includes contributions from several key partners. Notably, the Australian Government, through the Market Development Facility (MDF), has been a supporter since the program’s inception. Previously, private-sector accelerator programs were rare, and FEE appreciates the Australian Government’s vision in developing a program aimed at enhancing the capabilities of local micro, small, and medium enterprises (MSMEs).
In 2022, FEE introduced a scholarship initiative via MDF, thanking partners like the iTaukei Trust Fund Board and the Ministry of External Trade, Cooperatives, SMEs, and Communications for facilitating participation for MSMEs through full and partial scholarships. This year, the International Labour Organization (ILO) and the Reserve Bank of Fiji (RBF) have also joined as partners, along with Capital Insurance.
The program has benefited from the expertise of International Master Trainer Steve Cordiero, who has provided support over the years. Since its launch, FEE has provided coaching to 77 MSME owners across various domains, including Accounting & Finance, Branding & Marketing, Strategic Management, Human Resources & Industrial Relations, and Entrepreneurship & Innovation, alongside offering one-on-one coaching and business compliance sessions.
Savenaca Baro, acting chief executive officer of FCEF and a key figure in the FEE program’s development, described the partnership with alumni as a significant milestone. He emphasized the collaboration’s importance in recognizing the pivotal role MSMEs play in the economy and appreciates the commitment of partners towards fostering growth and resilience.
Each FEE cohort creates a unique community of entrepreneurs who develop lasting connections and expand their professional networks. The program’s culture allows participants to navigate their journeys, regardless of prior business experience, enabling them to identify challenges, learn, adapt, and strive for their goals.
FEE Business Accelerator Manager Palinda Kaitu’u highlighted that the program offers a supportive environment where MSMEs can discuss their challenges and share experiences freely. This environment fosters collaboration among like-minded entrepreneurs as they tackle the complexities of business operation and equip themselves with essential tools for success in the competitive market.
A list of the 25 MSMEs that signed the partnership includes representatives from various cohorts and coaching professionals, each contributing to the strength and growth of the FEE program.