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National SME Incubator Scheme (NSIS)

Date: August 20, 2021
Domain:Others
 

 

1. BACKGROUND

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/ prototype.
ii) Incubation: From first plan to start-up.
iii) Acceleration: Growth of start-up

The NSIS has been in operation since December 2017, has received 213 project applications, and graduated 15 start-ups as of August 2021.

2. ABOUT NSIS

2.1. Incubation Phases of NSIS

The NSIS provides assistance on three phases, namely:

  1. 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);
  2. 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 months);
  3. 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 months).

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 six (6) accredited incubators:


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2.3. Funding

The MRIC part-funds the operational costs of the NSIS accredited Incubator. The incubatees are not funded directly by the NSIS.

To date, the MRIC has funded a total of Rs 21M for the NSIS assisted projects

Allowable and non-allowable costs
The Incubators and incubatees are invited to check the following link regarding allowable and non-allowable costs.

3. ACHIEVEMENTS

3.1 Graduates from the NSIS

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15 start-ups have successfully graduated and are currently operating independently and are faring very well as per the Incubators’ report.

Graduated from TURBINE Incubator Ltd:

  •  AVR Technologies Ltd, Fancy Dreams Ltd, Fundkiss Technologies Ltd, Conscious Travel Ltd, Gemstone Ltd (Dodoworkplay), ConnectMe and Mode2vi

Graduated from at VERDE VENTURES LTD:


  •  MyCart, Ogment Co Ltd, Vergers des Fruits Crystallises, Orient'U Ltd and Ausum Ltd

Graduated from at LA PLAGE FACTORY: 

  • ·     Rwazi, Discover Mauritius and YUGO

 

    3.2 Incubatees from Dec 2017 to Aug 2021

    Since December 2017 to Aug 2021, the NSIS has received 213 projects.

    4. USEFUL INFORMATION

    5. HOW TO APPLY

    5.1. REGISTER AS A NEW INCUBATEE

    Incubatee:
    Candidates 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

    5.2.REGISTER 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:

    6. PROGRESS REPORT:

    The form below is to be used by current Accredited Incubators to report the progress of their incubatees

    7. CONTACT US:

    For More information, please contact us:
    Mauritius Research and Innovation Council
    6th Floor Ebène Heights Building, Ebène 72201
    Contact us on: + 230 465 1235
    Email: nsis@mric.mu

                                                                                                                                                                           Last Updated: 20 August 2021

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