E-commerce Business Grants: FSM, Samoa, Tuvalu and Vanuatu

About the Project

The PIFS E-commerce Business Toolkits are simple, step-by-step, example-based, guides for a hypothetical business wishing to explore the use of online tools to sell products and services in a given industry and a given geographical context.

As part of the piloting of the PIFS E-commerce Business Plus Program (PIFS E-Biz Plus), the Pacific Islands Forum Secretariat (PIFS) has delivered a a coaching and grant scheme for businesses from the Federate States of Micronesia, Samoa, Tuvalu and Vanuatu.

‘Grant scheme’ is the fourth and last step of the PIFS E-Biz Plus. It is a funding opportunity that provides financial support to early-stage tech startups, in the form of a non-repayable grant. These grants are designed to help founders get their businesses off the ground, and may be used to cover expenses such as product development, marketing, or hiring. After receiving training, mentoring and coaching, businesses can access finance to move their business to the next stage – this involves for instance integrating a new payment solution, adding new products, starting a cross-border e-commerce journey or listing more business onto a marketplace. The value of the grant is up to EUR 5,000.

Through this project, PIFS coached and provided grants to eight businesses: two from the Federate States of Micronesia, two from Samoa, two from Tuvalu and two from Vanuatu.

Start and End Date

February
2024
-
May
2024

Geographical Focus

Federated States of Micronesia, Samoa, Tuvalu, Vanuatu

Main Beneficiary

Private Sector

Status

Active

Budget ($)

48000

Donors

European Union

Implementing Agency

PIFS

Contact Person

Andrea Ibba
Pacific E-commerce Coordinator

Policy Area

PA7. Access to Finance for E-commerce

Strategic Output

7.1. Availability of risk sharing facilities and blended finance solutions has increased for E-commerce players (marketplace, vendors, merchants).

Measures

7.1.1 Develop a regional grant & loan scheme for tech start-ups and E-commerce MSMEs

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