If you have an innovative project, Mauritius could be a good choice to launch it. The destination has indeed become an increasingly attractive destination for expatriate entrepreneurs, offering not only a pleasant lifestyle, but also a supportive environment for start-ups to thrive. Incubators play a crucial role in fostering this favourable environment. Let's explore with Michel Cordani, Managing Director聽of incubator La Plage Factory, how the start-up ecosystem has evolved and why Mauritius is an appealing destination for expat entrepreneurs.
As an expat in Mauritius, what initially attracted you to the country a few years ago?
I came to Mauritius as the General Manager for Microsoft in the Indian Ocean Islands region. Initially, I perceived Mauritius as a tropical island mainly for honeymooners. However, I soon discovered its unique position at the crossroads of Asia, Africa, and Europe. The country has shown impressive economic growth since independence, transitioning from a sugar cane economy to one that includes tourism, ICT/BPO, and global finance.
Why did you choose to stay and launch La Plage Factory here: what are the assets of the destination?
After four years as GM, I transitioned to a role in the "Microsoft for Africa initiative", focusing on education and SMEs. Along with my co-founders, we envisioned creating a startup incubator and proposed a partnership to the Ministry of Information Technology,聽Communication and Innovation, which eventually led to the formation of the National SME Incubator Scheme聽(NSIS). We applied for accreditation and became one of the first incubators accredited by the Mauritius Research and Innovation Council (MRIC). We believed in the potential of the ecosystem, supported by the government and bolstered by the ICT-BPO legacy and the influx of expats from Europe and Africa.
How has the start-up ecosystem in Mauritius evolved in recent years?
The start-up ecosystem in Mauritius has experienced remarkable growth over the past few years. We've seen a significant increase in innovative initiatives and projects, with nearly 200 projects supported by the 鈥淣SIS鈥� scheme of the MRIC. Additionally, impact-driven incubators like La Plage Factory have played a crucial role in nurturing and developing young enterprises.
What role does collaboration play in fostering innovation in Mauritius?
Collaboration is at the heart of our innovation ecosystem. There is a strong synergy between start-ups, investors, and the government, which drives innovation and accelerates the emergence of new projects. This collaborative environment is essential for the success of initiatives like Alaprann.mu, Yugo, La D茅chet猫que, and Digitalgo, which aim to address local challenges while contributing to the socio-economic development of Mauritius.
Can you elaborate on the importance of incubators and the support they provide?
Incubators like La Plage Factory are vital in providing structured support to innovators. They help entrepreneurs develop their ideas and bring them to market. Additionally, incubators facilitate market access and funding opportunities through networking and partnerships, such as with the private investor group 鈥淢o Angels鈥�, which advocates for the establishment of early-stage funding mechanisms.
How does mentorship fit into your support model?
Mentorship is central to our support model. Each project leader is paired with an experienced entrepreneur who shares their expertise and helps develop viable business models to attract investors. Our network of mentors, with diverse expertise, offers invaluable assistance to our start-up community. These dedicated mentors are committed to passing on their knowledge and experience to the next generation of innovative entrepreneurs, ensuring high-quality support and essential guidance to turn promising ideas into impactful projects.
What attracts international entrepreneurs to Mauritius, and how do you support them?
Mauritius is increasingly becoming a preferred destination for entrepreneurs from South Africa, France, and beyond, drawn by our conducive environment for innovation and economic development. We are here to support them on this exciting journey. These entrepreneurs are welcomed in Mauritius, where they can significantly contribute to economic growth and societal advancements through innovation.
What opportunities are available for new start-ups and mentors in your programme, and how can individuals looking to settle down in Mauritius learn more about your offer?
We are currently forming a new cohort for our 鈥淕rowth & Innovation鈥� incubation programme. This programme offers structured and personalised support to develop concrete and impactful projects. We are always on the lookout for innovative project leaders and experienced mentors to join us. Join us to be part of this dynamic of innovation and growth! For more information, please visit our website at .
As an expat entrepreneur and mentor, what advice would you give to successfully start a project in Mauritius?
It's crucial to understand that Mauritius is an independent country with its own history and culture. For expats launching a startup, conducting thorough market research and seeking advice from local insiders is essential. Chambers of Commerce can provide valuable guidance on navigating both the private and public sectors. 禁漫天堂聽too is also a great resource for insights on business and personal matters. I recommend visiting Mauritius for a couple of weeks to conduct your own learning expedition鈥攊t's a worthwhile investment.
