Skip Ribbon Commands
Skip to main content
Home>News>Launch of Grant Scheme to make Mauritius a high income innovation-driven economy

News

Average Rating

Related News

Launch of Grant Scheme to make Mauritius a high income innovation-driven economy

Date: November 28, 2017
Domain:Economy & Finance; Education & Training; Business & Industry
Persona: Business; Citizen; Government
 

GIS – 28 November, 2017: The formulation of the Pole of Innovation Grant Scheme by the Mauritius Research Council (MRC) is in line with Government strategy to harness new ventures to boost growth and make of Mauritius an innovation-driven high income economy.
The Minister of Technology, Communication and Innovation, Mr Yogida Sawmynaden, made this statement today at the opening ceremony, at Cyber Tower 1, Cybercity in Ebène, of a half-day seminar on the Pole of Innovation Grant Scheme.  The said Grant Scheme was launched on that occasion.
 
Speaking about the scheme, Minister Sawmynaden pointed out that the objective is to empower established institutions conducting research activities to act as vehicles of innovation. He added that different stakeholders including private or international partners can support activities which will potentially lead to commercially viable and socioeconomic solutions.
 
According to Mr Sawmynaden, proposed Innovative programmes should address national priorities and can include sectors such as: Renewable Energy; Ocean/Marine Technology, Resources and Services; ICT/BPO/Telecommunications (including Cloud Computing); Life Sciences (including Pharmaceutical and Biotechnology); Manufacturing and Food Processing; Social Sciences; Sustainable Tourism.
 
The major output from the scheme, Mr Sawmynaden said, will be a number of poles of innovation in specific sectors which will in turn act as nodes of innovation. This scheme will allow researchers to concentrate on existing capacity as well as resources to collaborate across disciplines and institutions on projects that are locally relevant and internationally competitive so as to enhance technological development and innovation, he added.
 
Grant Scheme
 
The aim is to enhance the impact of research and innovation on the economic development of Mauritius by promoting the creation of innovative products/services and goods as well as by spurring innovation through advanced research and partnerships among local institutions/companies and international stakeholders.
 
The funds for the programme would be provided from the National Innovation Programme which is managed by the MRC. The award would be a matching grant of up to Rs 9 million per pole for a project duration not exceeding 36 months, and with a maximum annual ceiling of Rs 3 million.  The applicant and collaborating institutions will have to contribute jointly to the Pole ‘In cash and/or In kind’.
 
A minimum financial ‘In Cash’ contribution of 40% of the matching grant should be made by the applicant, either solely or, in partnership with the collaborating institutions.  The remaining of the matching grant should be reflected as the ‘In Kind’ contribution.
 
The collaborating institutions can be public/parastatal institutions or private stakeholders including Research organisations, Academic institutions and local private companies.  International partners are also eligible as collaborating institution.
 
Government Information Service, Prime Minister’s Office, Level 6, New Government Centre, Port Louis, Mauritius. Email: gis@govmu.org  Website:http://gis.govmu.org
(0) Comment(s)