The main purpose of the Facility is to transfer technologies from providers to recipient SIDS with support from UNOSSC's South-South Global Assets and Technology Exchange (SS-GATE) platform. Such technologies range across various areas as sustainable agriculture, infrastructure, global health, dairy and agro-food processing, water management, and renewable energy. Furthermore, technology providers and financial investors from the South and from traditional Northern donors will be matched with the relevant business communities in SIDS. The Facility will also actively promote the use of the technologies across SIDS through organizing networking meetings and workshops to inform partners and representatives from SIDS about the initiative, available technologies, and success stories, while also identifying and nurturing innovative business ideas in the SIDS through strategic training and partnerships.

Both UNOSSC and OHRLLS will be fully committed to ensure the appropriate and timely implementation of the South-South Technology Transfer Facility for SIDS.

As mentioned in the Description section above, the core functionality of the South-South Technology Transfer Facility for SIDS is the transfer of technologies between SIDS members, as well as via South-South, North-South and triangular cooperation, with the sole purpose of benefiting SIDS countries.Capacity development in value-addition services such as consulting, training, legal advice and access to financing; Also, identify and nurture innovative business ideas through training.

UNOSSC and UN-OHRLLS will provide oversight and coordination for the South-South Technology Transfer Facility for SIDS, while SS-GATE will be designated as the implementing entity.

United Nations Office for South-South Cooperation (UNOSSC) United Nations Office of the High Representative for Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS) SIDS Group