Ecosystem Overview
The entrepreneurial ecosystem of the Maldives is evolving rapidly, shaped by a growing community of innovators, expanding digital infrastructure, and increasing national focus on economic diversification. As the country navigates global shifts and emerging opportunities, entrepreneurship has become a central pillar in building a resilient, future‑ready economy.
EAM plays a key role in strengthening this ecosystem by connecting stakeholders, identifying structural gaps, and supporting the development of an enabling environment where businesses can thrive.
A Growing Culture of Entrepreneurship
Across the Maldives, more individuals — especially youth and women — are exploring entrepreneurship as a pathway to economic independence, creativity, and social impact. This cultural shift is supported by increasing access to information, digital tools, and community‑driven initiatives.
“Entrepreneurship has become a central pillar in building a resilient, future-ready economy.”
Sectoral Opportunities & Emerging Industries
While tourism and fisheries remain foundational to the national economy, new sectors are gaining momentum, including:
- Creative industries
- Technology and digital services
- Food production and value‑added fisheries
- Wellness and lifestyle businesses
- Renewable energy and sustainability solutions
- Education, training, and professional services
These sectors present significant opportunities for innovation, diversification, and long‑term economic resilience.
Challenges in the Ecosystem
Despite progress, entrepreneurs continue to face structural challenges such as:
Limited access to finance
High operational costs
Regulatory complexities
Geographic dispersion across islands
Gaps in business knowledge and technical skills
EAM works to address these challenges through advocacy, capacity‑building, and strategic partnerships.
Strengthening Institutional Support
A robust entrepreneurial ecosystem requires coordinated support from government, private sector, academia, and civil society. EAM contributes to this alignment by facilitating dialogue, promoting evidence‑based policy, and fostering collaboration across sectors.
The Role of Innovation & Digital Transformation
Digital adoption is reshaping how Maldivians build and scale businesses. From e‑commerce and digital payments to online learning and remote services, technology is expanding access to markets and enabling new forms of entrepreneurship.
EAM supports this transformation by promoting digital literacy, encouraging innovation, and connecting entrepreneurs to emerging opportunities.
How we work
A National Vision for Sustainable Growth
Entrepreneurship is essential to achieving long‑term economic resilience, job creation, and inclusive development. By empowering founders, strengthening institutions, and promoting innovation, the Maldives can build a diversified economy that benefits communities across all islands.
EAM remains committed to shaping this future by serving as a catalyst for growth, a voice for entrepreneurs, and a partner in national development.