The National SME Incubator Scheme (NSIS) is one of the key schemes of the MRIC aiming at promoting initiation and development of innovative start-ups facilitated by a network of Private Sector-led accredited business incubators.
The NSIS ensures a structured training/mentoring approach to start ups, provided by the NSIS Accredited Incubators in three phases:
i) Ideation: From idea to first plan.
ii) Incubation: From first plan to prototype.
iii) Acceleration: From prototype to first sales.
The NSIS has been in operation since December 2017, has incubated 148 projects, and graduated 13 start-ups as of September 2020.
2. About NSIS
2.1. Incubation Phases of NSIS
The NSIS provides assistance on three phases, namely:
- Pre-incubation phase: which targets individuals
or group of individuals motivated to transform their innovative ideas into
a potential business (a maximum
amount of Rs 50,000 for 9 months);
- Incubation Phase: which focuses on
Early Business Start-ups willing to reinforce their business venture while
benefiting from the ecosystem provided by the accredited incubator (a maximum amount of Rs
400,000 for 18
- Acceleration Phase: which involves
established SMEs willing to expand their activities further with the expert
advice/financial and technical support from Accredited Incubators (a maximum amount of Rs
300,000 for 6
2.2. NSIS Accredited Incubators
An NSIS Accredited Incubator is a
not-for-profit, private sector-led Business Incubator whose purpose is to
provide the necessary nurturing environment, training, coaching and support to
incubatees to create a new and innovative business.
The NSIS came into operation since February
2017 and to date there are five (5)
MRIC part-funds the operational costs of the NSIS accredited Incubator. The
incubatees are not funded directly by the NSIS.
date, the MRIC has funded a total of Rs
14.9M for the NSIS assisted projects
Allowable and non-allowable costs
The Incubators and incubatees are
invited to check the following link regarding allowable and
3.1 Graduates from the NSIS
13 start-ups have successfully
graduated and are currently operating
independently and are faring very well as per the Incubators’ report.
Graduated from TURBINE Incubator
Graduated from at VERDE VENTURES LTD:
- AVR Technologies Ltd, Fancy Dreams
Ltd, Fundkiss Technologies Ltd, Conscious Travel Ltd, Dodoworkplay Ltd,
ConnectMe, Katapult and Mode2vi
Graduated from at La Plage Factory: Incubation to Acceleration
- MyCart, Ogment Co Ltd, Vergers des
Fruits Crystallises, Orient'U Ltd and Ausum Ltd
- Rwazi; MauSafe and Panda & Wolf
3.2 Incubatees from Dec 2017 to Sept 2020
Since December 2017 to Sep 2020,
the NSIS has incubated 148 projects.
- 13 start
ups as highlighted above, have successfully graduated
- 64 projects have successfully completed the pre-incubation
phases but the project leaders were not willing to continue with the business
- 15 projects have been terminated
prematurely or stopped their incubation phases due to lack of involvement of
project leaders and unsatisfactory progress
- 1 project is paused due to the Covid-19
- 21 projects progressed from the Pre-Incubation phase to
the Incubation phase
- 3 projects progressed from the Incubation phase to the
- 17 new project proposals & awaiting signature of
- 14 projects are currently ongoing with their respective
information, please contact us:
Research and Innovation Council
Floor Ebène Heights Building, Ebène 72201
us on: + 230 465 1235
Last Updated: 17 September 2020