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RFQ-FJ24-048 Landscape Assessment of Accelerators and Incubators in Fiji

Background

Market Development Facility (MDF) is a multi-country Australian Government funded initiative, with locations in Fiji, Sri Lanka, Timor-Leste, Samoa, Tonga, and Vanuatu. MDF aims to stimulate economic growth – and hence employment and income earning opportunities for the poor and underprivileged – by making selected sectors of the economy more competitive and stimulating business innovation. MDF is implemented by Palladium Group and Swisscontact and started operations in Fiji in July 2011. MDF has been supporting the Micro, Small and Medium Enterprises (MSME) sector in Fiji since 2017, with the aim to stimulate sustainable private-sector-led MSME business development services. MDF’s support included piloting business accelerator programs and incorporating business development services (BDS) into coworking business models, and it is committed to ensuring the sustainability of BDS in Fiji.

The Reserve Bank of Fiji (RBF) is established under the Reserve Bank Act, for the purposes of regulating the issue of currency, and the supply, availability, and international exchange of money; promoting monetary stability; promoting a sound financial structure; and fostering credit and exchange conditions conducive to the orderly and balanced economic development of the country.

In 2022, the RBF launched Fiji’s National Financial Inclusion Strategy 2022 – 2030 which included a commitment to promoting economic growth that is broad-based, inclusive, and sustainable through improving access to finance for MSMEs and their financial resilience. RBF’s strategic priorities include developing an enabling regulatory framework for MSMEs; establishing a specialized institution for MSME sector; developing value-chain financing programmes and initiatives; and developing suitable financial products and services to support start-ups and key target sectors.

The strategic focus of MDF and RBF intersect around promoting a long-term inclusive and sustainable MSME sector for Fiji. As such, MDF and RBF are seeking a suitable service provider to conduct a landscape assessment of accelerators and incubators in Fiji.

Objectives of the assignment

The objective of the study is to assess the landscape of accelerators and incubators in Fiji which will assist RBF and MDF in assessing the sustainability of BDS in Fiji and share the key findings with key national stakeholders, as a tool to improve BDS for MSMEs and inform policy and strategy development for MSMEs in Fiji. The landscape assessment should (but is not limited to):

  • i. Investigate wider market changes in the MSME environment.
  • ii. Assess the landscape of accelerator and incubator programs in Fiji which includes but is not limited to, operational models, outlook, trends, deep dive into key players (along with their revenue streams and product offerings), customer base, regulatory environment, consumer behaviour, accessibility, challenges, opportunities, and sustainability.
  • iii. Assess the economic potential and growth levers in the BDS space.
  • iv. Assess the impacts of BDS on the wider MSME sector and Fiji’s economy.
  • v. Assess successful accelerator programs such as the Fiji Enterprise Engine (FEE) and its impact on the wider MSME sector.
  • vi. Outline key findings and recommendations that can be shared with key national stakeholders including the Ministry of Trade, Co-operatives, SMEs and Communications, as a tool to improve and inform policy and strategy development for MSMEs in Fiji.

To achieve these objectives, a mix of research methodologies (including but not limited to; desktop research, stakeholder consultations/meetings and interviews) will need to be implemented and the service provider will work closely with RBF and MDF throughout all stages of the project.

Scope of services

The successful service provider will:

  • i. Develop a workplan outlining methodologies, approach and key activities with corresponding timelines, deliverables, resources and addressing all elements outlined in this RFQ.
  • ii. Through qualitative and quantitative research, conduct a comprehensive assessment of the accelerator and incubator landscape in Fiji, addressing all elements outlined in this RFQ.
  • iii. Develop the draft Landscape Assessment report and present the draft report to RBF and MDF.
  • iv. Incorporate feedback from RBF and MDF and develop the final Landscape Assessment report.
  • v. Present the final Landscape Assessment report to key national stakeholders (public, private and non-governmental organizations) in a national MSME stakeholder event.

Experience and qualifications

The service provider should demonstrate the following required skills and qualifications:

  • • Relevant qualifications and experience in market research, enterprise development and solutions, business and management or related fields.
  • • Sound understanding of the MSME, accelerator and incubator context in Fiji or similar developing countries.
  • • Demonstrated knowledge and experience working with programs/projects for private sector development and economic growth.
  • • Strong applied research and analytical skills with the ability to analyze different markets and trends.
  • • Experience in designing BDS solutions and/or conducting similar research on accelerators, incubators or MSME landscapes would be an added advantage.
  • • Experience in facilitating key national stakeholder events would be an added advantage.
  • • Excellent communication and organizational skills, including working according to tight deadlines while maintaining high product quality.

Quote / Proposal format

Interested service providers must complete the Response Form provided with this RFQ to submit an offer. Submissions that do not use the Response Form will not be considered for assessment due to non-compliance with RFQ format.

Evaluation criteria

Technical criteria

MDF will assess each submission based on compliance with this RFQ, ability to meet the requirements as specified and overall value for money. The technical response will be evaluated using the following criteria:

  • A. Overall experience and demonstrated capability to deliver the requirements as described in this RFQ. (40%).
  • B. Approach to delivery of services (40%).
  • C. Qualifications and experience of proposed personnel (20%).

The technical score will account for 80% of the total score.

Financial criteria

Following the assessment of the technical response, MDF will undertake a like-for-like price comparison of all technically suitable offers. The Financial Score will account for 20% of the total score.

Contracting details

The successful service provider will be contracted by MDF and will work under the guidance of MDF and RBF at all times, providing regular updates to both parties on progress and any problems that may be encountered.

If your quote is successful, you will be required to enter into the Company’s standard contract for the types of goods or services being provided. In the provision of the Goods and Services, you will be required to comply with the Company’s policies, including (without limitation) its Business Partner Code of Conduct and any relevant Project Manual. Potential suppliers must also comply with the Company’s Business Partner Code of Conduct in the submission of any quotes pursuant to this RFQ.

If you are bidding as part of a joint venture, partnership or similar, please make this clear in your submission. Likewise, if you propose to subcontract any part of the goods or services provision, then disclose this fact within your submission. The Company may require additional information from you and approval for subcontracting will not be automatic as subcontractors will be subject to Palladium’s Due Diligence process.

Registration of Interest

Register your interest to submit an offer by sending your organization name, contact person and contact details to the Contact Person by email on or before Thursday, 6 June 2024, 5:00pm Fiji Time.

Last date for Queries

Send all queries to the Contact Person by email on or before Thursday, 6 June 2024, 5:00pm Fiji Time. Indicate the RFQ-FJ24-048 Landscape Assessment of Accelerators and Incubators in Fiji in the subject line.

Closing Date and Time

Friday, 28 June 2024 / 5:00PM Fiji Time.

Addendum 1
Please find responses to tender queries here: Addendum 1

Addendum 2
Please find responses to tender queries here: Addendum 2