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FDB Revamps And Grows Awards

The Fiji Development Bank has revamped its Small Business Awards to National Small and Medium Enterprise Awards. FDB Board chairman,  Bob Lyon, launched the 2017 FDB National Small and Medium
30 Nov 2017 10:21
FDB Revamps And Grows Awards
Sitting from left: Board chairman Bob Lyon and Fiji Development Bank chief executive officer Mark Clough with the 2017 National Small and Medium Enterprise awards sponsors. Photo: Maraia Vula.

The Fiji Development Bank has revamped its Small Business Awards to National Small and Medium Enterprise Awards.

FDB Board chairman,  Bob Lyon, launched the 2017 FDB National Small and Medium Enterprise Awards in Suva yesterday.

In 2004, the Fiji Development Bank [FDB] inaugurated the Small Business Awards to encourage the growth of Small and Micro Enterprises by providing them a platform of competitive recognition.

Mr Lyon said: “Ten years later, the awards programme was expanded to include medium-sized enterprises of a turn over between $30,000 and $500,000 in gross sales per annum.

“And today, some 12 years later, and in the Bank’s 50th anniversary year, we are taking the awards to even greater heights – we have revamped the SME Awards to FDB’s National SME Awards.

“Apart from promoting and encouraging SME development through the recognition of successful and innovative entrepreneurs, the Award has been restructured to contribute in progressing global goals such as the Sustainable Development Goals, locally, and the Climate Change Framework as reflected in our new Strategic Plan 2018-2020.”

Vision for 2020

The vision for FDB in 2020 is that of a development bank that is strongly positioned as one that drives for changes that promote inclusive, green and sustainable development and initiating and providing innovative financing solutions.

“Our new strategic direction has conceived this shift in the principle objective of the SME Awards, gearing the platform towards promoting and strengthening SME growth that is inclusive and one that embraces sustainability than ever before.

“And I am proud that the Bank has secured sponsors and partners that share the common objective of promoting our SMEs to develop and excel in their sectors, add-value to the economy, be responsive to climate change and to progress global goals.

“We bring you a platform to encourage our SME entrepreneurs through recognition and to change mindsets to educate and advocate on promoting SMEs which are the drivers of our economy.

“Indeed they create employment, ensure flow of service delivery and in doing so are bridging the gap between Fijians part of the formal financial sector and those not.

Awards branded

“This year we have also branded the awards programme. The brand is representative of our connection with the ocean, the land and natural resources.

“The shell represents our connection to the ocean in an era of rising sea level.

“The green represents our connection to the natural land resources as well as Fiji’s national direct access accreditation, through FDB, to the Green Climate Fund.

“The gold represents the sun’s rays that serve to remind us of the unlimited strength that lies within us to grow and prosper as entrepreneurs, as partners and as a nation. It also represents our golden jubilee year and our collective commitment towards clean energy.”

The prize money has also increased this year from the previous $36,000.00 to a grand $61,000.00 with a two-fold increase in awards’ prize money of $5,000.00 each with the National SME of the Year receiving $6,000.00 in cash.

Entries close at 4pm, January 5, 2018.

The 2017 FDB’s National Small and Medium Enterprise Awards will be broadcast live on Fiji One on February 1, 2018.

Award Categories:

Agriculture

Wholesale/retail

Tourism

Professional Services

Manufacturing

Green Conscious SME

Best Risk Managed SME

Climate Change Responsive SME

The Rookie-Youth Entrepreneur of the Year

Woman Entrepreneur of the Year

Most Resilient SME Post-TC Winston

The 2017 FDB’s National SME of the Year.

Feedback:  maraia.vula@fijisun.com.fj

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