ICT Incubator Centre Vijay Mauree

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ICT Incubator CentreVijay Mauree Roshan
Seebaluck National Computer Board
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Programme

• Introduction
• Concepts
• Incubator
• Start-Ups
• NCB Incubator Centre
• Mission
• Objectives
• Benefits
• Facilities and Services
• Opportunities Ahead

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Introduction

• Government Vision
• Transform Mauritius into a Cyber Island
• ICT Ministerial Committee
• 3 Task Forces
• Business Park Cybercity
• E-Government
• E-Education Training

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Introduction

• May 2001 Feasibility Study by Ulrich Dalrup
  GFE, Germany
• June 2001
• In our drive to make of Mauritius a Cyber
  Island, we are not ignoring the need to promote
  Mauritian entrepreneurship. Our young people are
  endowed with talent and potential for innovative
  ideas in ICT. They need to be provided with the
  necessary support and facilities. The National
  Computer Board will set up an ICT incubator to
  promote start-ups.
• Budget Speech 2001/2002

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Did You Know ?

• 90 of all start-ups set up inside a business
  incubator are still active three years later.
• The public cost of creating jobs inside
  incubators is 4,000, which is very low compared
  with other public means and programmes.
• The 850 European business incubators assist in
  creating 29,000 new sustainable jobs every year
• in enterprises,that are much more viable than
  enterprises set up outside incubators.

Source European Commission (2001)
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Incubator- redefined

• An environment and programme with certain
  characteristics if offers full array of business
  assistance services tailored to the client
  companies it has an incubator manager on site
  who co-ordinates staff and outside professionals
  and organisations to deliver those services it
  graduates companies out of the programme ( though
  not always out of the incubator facility) once
  they meet the programme goals.
• The National Business Incubation Association
  (NBIA) , Athens,Ohio

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Business Incubators What Are They ?

• Also known as business accelerators, campuses,
  econets
• Helps progress Internet business ideas quickly
  from conception to launch and beyond.
• Facilitates the nurturing growth of start-ups
  in the New Economy
• offer a range of services

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Incubator Concept
Incubator Centre
Output Commercially Viable Business In ICT
Input idea
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Incubator Concept

• Speed up the time to transform an idea into a
  commercially viable business.
• Lower transaction costs for start-ups
• Provide a conducive environment to entrepreneurs
• Technical assistance
• Coaching
• Office space
• Facilitate process of securing finance

Cost Competitive Rates
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Types of Incubators

• For Profit Property Incubators
• Non Profit Incubators
• University Incubators
• For Profit Investment Incubators
• Corporate Incubators
• Networked Incubators

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Start-up Concept

• Young company
• very rapid growth
• source of funding - venture capital
• Internet - a major channel for service delivery
• focus on future revenue streams

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Start-up process
Generate the business idea
Obtain funding
Develop a business plan
Launch business

• Only the beginning profits... Success

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Start-ups Assistance Needed

• Strategic Planning
• Financial Management
• Accounting
• Taxation
• Recruitment
• Technology
• Marketing/Branding/Affiliation
• Business Plan
• Marketing Plan

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National Computer Board - ICT Incubator Centre
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Vision

• To be a centre of excellence where ideas and
  entrepreneurship are transformed into successful
  and commercially viable businesses.

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Mission

• Boost entrepreneurship in the ICT Sector and to
  provide start-ups with the necessary professional
  and business advisory services and financial
  support to crystallise their business ventures.

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Objectives

• Promote entrepreneurship in the ICT Sector
• Boost job creation in the ICT Sector
• Help start-ups to set up viable business ventures
• Provide cost effective facilities and
  infrastructure together with value added business
  support to start-ups
• Develop linkages with other business incubators
• Promote the marketing of the Incubator Centre as
  well as its products and services

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Target

• Young entrepreneurs with bright but value added
  ideas in the ICT Sector.
• Business owners with less than one year
  operation with innovative ideas.

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Priority Areas

• E-Business
• Internet Content Development
• Software Development
• Multimedia Development
• Bio-informatics

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Benefits

• Start-up has available at one place a full range
  of services-
• Consulting services related to preparation of
  business plans, financial management, legal and
  marketing amongst others.
• Entrepreneurs Development Programmes

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Benefits

• Incubator facilities and services offered at
  concessionary rates
• Year 1 Rs 6,000
• Year 2 Rs 7,500
• Year 3 Rs 8,625
• Facilitate promotion of start-ups in the region
• Facilitate process of securing funding

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Facilities

• Office Space
• In units of around 20 sq m
• Air condition
• Electricity
• Data and telephone points
• Digital PABX System
• Own phone number
• Mailbox
• Handset

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Facilities

• FAST Internet Access via ADSL
• E-mail
• Photocopying Facilities
• Common Secretariat
• Meeting room
• Fax

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Services

• Technical Assistance
• Business Plan development
• Advice on Demand and supply chain logistics
• Advice on legal and intellectual property skills
• Accounting
• Financial Management
• Entrepreneur Development Programmes

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Screening Approach
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Mindshare
4
3
2
Strategy
Execution
1
Market Potential
ROI
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• Start-ups Areas of Operation
• Medical Transcription
• Software and Multimedia Development
• Internet Kiosks
• Website Development

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• THANK YOU.