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.