The Enterprise Innovation Booster Scheme is now Closed.

Enterprise Innovation Booster Scheme

TURNING YOUR VISION INTO PROFIT

Background

The Mauritius Research and Innovation Council (MRIC) is a corporate body set up on the 1st of September 2019 through the proclamation of the Mauritius Research and Innovation Council Act 2019. The activities of the Council are focused on the promotion, coordination and the encouragement of exploitation of research and innovation outcomes, with a view to sharpening the competitive edge of industries for sustainable economic and social growth. To this end, the Council operates several Research and Innovation Grant Schemes.

 

In the 2020-2024 Government Programme, emphasis has been laid on promoting digital entrepreneurship, innovation, research and development. The MRIC strongly believes that companies that flourish are the ones having strong business foundations and strategies, adopt technology and innovative processes, and grow their overseas presence. In this solicitation, MRIC is welcoming application from Mauritian Companies for the Enterprise Innovation Booster Scheme.

The aim of the Enterprise Innovation Booster Scheme (EIBS) is to help Mauritian companies grow, transform and be better equipped through innovation for the future and for the global market. This scheme is deemed to be a progression: from developing internal core capabilities to innovating for productivity growth and finally, expansion.

 

Objectives

  • help businesses prepare for growth, innovation and transformation by strengthening their business foundations

  • encourage intrapreneurship

  • support companies that explore new areas of growth, or look for ways to enhance efficiency

  • encourage companies to innovate and transform business to create novel business models or innovative products and processes

  • support Mauritian companies that are willing and ready to venture into new markets or overseas

Possible Activities

  • Strategic Branding & Marketing Strategy

  • Business Strategy Development

  • Human Capital Development

  • Service Excellence

  • Financial Management

  • Product Development

  • Process Redesign

  • Automation

  • Pilot Project and Test Bedding

  • Overseas Marketing Presence

  • Standards Adoption

Eligibility

A Mauritian Company incorporated for a minimum of 1 year

Funding

Grant to support up to 75% of project cost for a maximum of Rs. 2 Million

Duration

Maximum  Project Duration of 9 months

How It Works

Business Meeting