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 181 projects, and graduated 13 start-ups as of January 2021.
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
17M 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 and Mode2vi
Graduated from at LA PLAGE FACTORY:
- MyCart, Ogment Co Ltd, Vergers des
Fruits Crystallises, Orient'U Ltd and Ausum Ltd
Incubation to Acceleration
- MauSafe and Panda & Wolf
3.2 Incubatees from Dec 2017 to Jan 2021
Since December 2017 to Jan 2021,
the NSIS has incubated 181 projects.
4. USEFUL INFORMATION
5. HOW TO APPLY
5.1. Register as a new inc
willing to enroll as incubatee of the NSIS should at first choose one
accredited incubator (from the above list) under which they wish to be incubated.
The Candidate, together with the NSIS Accredited Incubator shall need to fill
in the following two forms
AS A NEW INCUBATOR
Incubators willing to get NSIS Accreditation are advised to read
the NSIS guidelines and should they be eligible to apply using the link below:
The form below is to be used by current Accredited Incubators to
report the progress of their incu
7. CONTACT US:
information, please contact us:
Research and Innovation Council
Floor Ebène Heights Building, Ebène 72201
us on: + 230 465 1235
Last Updated: 15 January 2021