The Reserve Bank of Fiji announced it is leading the design of an Innovation Hub, in collaboration with the United Nations Capital Development Fund’s Pacific Digital Economy Program, to support local tech startups in developing technology-led solutions to Fiji’s development challenges. The Hub is being developed following a joint scoping mission and a validation workshop with Creative HQ, and will leverage existing accelerator and incubation programmes across government and the private sector to build local capacity and strengthen the entrepreneurial ecosystem. The programme is framed as multi-year, aiming to bring together startups, regulators, the private sector and potential investors; the initial pilot will focus on founder journeys and the fintech startup sector, with an envisaged expansion from year two to other priority areas including female entrepreneurs, agri-tech and indigenous entrepreneurship. Planning is continuing for the Hub’s first 12 months of activities commencing from May 2025, including confirming a physical space, events, capacity-building opportunities and a pathway for seed funding tailored to micro, small and medium-sized enterprises.
Reserve Bank of Fiji 2025-03-07
Reserve Bank of Fiji backs Innovation Hub pilot to support fintech startups and the wider tech ecosystem
The Reserve Bank of Fiji, in partnership with the United Nations Capital Development Fund’s Pacific Digital Economy Program, is spearheading the creation of an Innovation Hub to support local tech startups in addressing Fiji’s development challenges. The multi-year initiative will initially focus on fintech startups and founder journeys, with plans to expand to other areas such as female entrepreneurship and agri-tech from the second year.