Falkland islands

Falkland islands Falkland islands Falkland islands

Economic outlines and opportunities for innovation

Falkland Islands have experienced significant growth in the economy over the last 25 years, in large part due to the declaration of a Fisheries Conservation and Management Zone in 1986 that provided a catalyst for the development of the fishing industry that now makes up 60% of GDP. Tourism and agriculture are also important economic activities. Recent oil exploration activities have also provided a boost to the local economy. Key opportunities for innovation
  • Harnessing niche markets (such as aquaculture)
  • Harnessing ICT to benefit community and business development, and to connect isolated rural communities/facilitate delivery of essential services (education, health, etc.)
  • Tourism Innovation Toolkit (and funding support package)
  • Creation of rural business centres/infrastructure (underway)
  • Venture Capital Fund to support high-risk projects
  • Entrepreneurship programmes (underway)
  • New approaches to waste management.

Falkland’s Islands map

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Falkland Islands SMALL
-60.996094, -59.249268
Falkland IslandsFalkland Islands (Islas Malvinas) (Directions)

About

Member state: United Kingdom
Surface (km2): 12 173
EEZ (km2): 550 872
Population (2012): 2 931
Capital: Stanley
Languages: English
GDP per capita (€ – 2014): 42 648
Main economic sectors: Fishery, Tourism, Agriculture
Government website: www.falklands.gov.fk

Innovation Manager

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Michael Betts
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News

  • Drones & EU

    Various European countries have regulated the use of drones. However, the rules differ from country to country and are not easy to follow. The European Union has helped drone users to navigate this vast mass of information, by co-funding the creation of a website.Read more at the EPOcta Innovation WebsiteFacebookGoogle+LinkedinTwitter    Read More
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  • TripAdvisor award to the Falklands Historic Dockyard Museum

    The Falkland Islands Historic Dockyard Museum has won a Traveler’s Choice Award after being voted in the top 25 museums in South America for 2018. Read moreOcta Innovation WebsiteFacebookGoogle+LinkedinTwitter    Read More
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  • Construction of accommodation for overseas labor in Falkland Islands

    The Falkland Islands Government has set out an ambitious program to deliver significant capital and infrastructure projects over the next five years. These projects include a new power station, the development of a new port, improvements at the MPA passenger terminal, a Vulnerable Persons Unit and expansion of the King Edward Memorial Hospital.  The government […]    Read More
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    • Innovation News

  • Regional Innovation Workshop in Sint Maarten, 5-7 October

    Caribbean regional workshop will take place 5-7 October 2015 at Sint Maarten. The main aim of the activity is to improve OCTs and OCTA’s capacities and ensure better exchange of experience and expertise in Innovation by gathering the IMs and other relevant stakeholders in regional workshops and a project conference, which would contribute to facilitate […]    Read More
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  • Joint Statement By UK Overseas Territories Leaders

    BVI, 27 July 2015 – Hamilton, Bermuda – July 24: We, the elected Leaders and or Representatives of the Overseas Territories, met on 23rd – 24th July 2015, to discuss issues of mutual interest and the forthcoming Joint Ministerial Council Meeting (JMC), with UK Ministers to be held in December 2015 in London. The purpose […]    Read More
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  • St. Helena Airport is boost for Falkland Islands

    The Falkland Islanders received a boost with the British Government confirming the plans for the new airport on St. Helena, another British Overseas Territory in the South Atlantic. The decision to move ahead with the US$400 million airport project was welcomed by the people of the Falklands as Argentina seeks to tighten its economic blockade […]    Read More
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    • Reports

  • The Falkland Islands Innovation Strategy

    The Falkland Islands Innovation Strategy aims to create an environment to encourage innovation in the islands.  The strategy was centred on an Innovation Workshop, which was attended by over 40 individuals from the public and private sectors.  The strategy aims to make innovation a national priority; increasing local, regional and international collaboration; increasing local research […]    Read More
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  • Falkland – The Islands Plan 2014-2018

    In July 2014 the Falkland Islands Government launched a new Islands Plan setting out the ambitions for the Islands over a 5-year period. The key aim of the Islands Plan is: To progress the sustainable, economic, social and political development of the Falkland Islands for the benefit of all residents. The Islands Plan lays out ten […]    Read More
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    • Octa Innovation Website