The Evolution of Entrepreneurial Innovation in Mauritius: Finding a Solution for Economic Development in the Country

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CHAPTER 1: INTRODUCTION3

Business Research incubators Centres in Mauritius3

Aims of Study4

Original Contribution to the Theory4

CHAPTER 2: LITERATURE REVIEW6

entrepreneurship6

Business incubator6

What is Business incubator?6

Impact of Business Incubator in Different Regions (South Africa & Singapour)7

Role of SMEs as Business Incubator8

Development of Mauritian Economy8

Business Incubator Model for Mauritius9

Pre-incubation9

Incubation9

Post-incubation10

Types of Business Incubators in other regions10

Traditional incubators10

High Technology Incubator10

Need for Business Incubators11

Entrepreneurial Effects in the Growth of Economy11

Strategic Development Approach of Mauritius Government12

Future Perspective in Analysis12

CHAPTER 3: METHODOLOGY14

Data Collection14

Qualitative Research Approach14

Sampling15

Conceptual Framework15

Conclusion16

Suggestive framework16

REFERENCES18



CHAPTER 1: INTRODUCTION

Business Research incubators Centres in Mauritius

In Mauritius, BRIC (Business Research incubators Centre) has been established with the collaboration of Research & technology and with the ministry of Tertiary education of Mauritius. It was launched by Hon Dr Rajeshwar Jeetah, Minister of Tertiary Education Science Research and Technology on March 2011. The main objective behind the formation of BRIC is to motivate business entrepreneurs to start-up new businesses. The entrepreneurs will get full backing and support in every matters of their business. The BRIC was established to boost and stabilize the economic growth of Mauritius. Nurodeli is one the example of a new business launched through the help and support of BRIC. The website was launched in March 2011 which provides yellow page directory and search engine facility to Mauritian (MRC, 2013). There are six pre start-up companies that are hosted by BRIC since its inception. The advantage is incubated by this research centre from meeting with possible project capitalists, customary in-house counselling, and experience to business angels through different forums organized by the centre. Business development experts of Mauritius Business Growth Scheme (MBGS) also guided these incubates and these efforts have proven to be very useful and critical for the success of these incubates (MRC 2013).

The development of entrepreneurship has followed a triumphant historical course in Mauritius. It was the end of 1970s when the potential of entrepreneurship development and its effective role in the development of economy was first realized in Mauritius. At that time, the employment rate was already above average and the state was going through economic recession. This turned out in a scenario where the jobs were not being created. Moreover, the adoption of Structural Adjustment Program in 1979 resulted in a long halt in the creation of direct jobs. Thus, it was realized that productive employment can be created by channeling the distinct national resources towards small organizations (Bruce, Deskins, Hill, & Rork 2009).

Formation of new business ventures and innovation in currently operating SMEs is the decisive element of innovation process and this is the reason that it should be given prime importance in government strategies for promoting innovation. In spite of their significance, support for entrepreneurs and SMEs is not completely entrenched in the innovation policy. The need for efficient policies in this area is still not understood adequately (Maysami & Goby 1998; Parker 2009). The best agents of change in the ...