The Ebène Accelerator project launched in July
During a press conference held recently, the Vice-Prime Minister and Minister of Finance and Economic Development, Xavier-Luc Duval, announced that The Ebène Accelerator project, meant to identify start-up professional companies especially in the field of Information Technology will be launched on July 15 at the Mauritius Telecom Building in Ebène. The aim is to facilitate the creation of technology companies for young developers who have the potential but not the necessary tools to engage in entrepreneurship.
VPM Duval made an appeal to the youth who have the potential to come forward and apply for the project which will provide them with many new opportunities. Through the project they will have access to the latest technological facilities and interact with other entrepreneurs for an exchange of ideas.
The project is the first to be implemented under the incubators project meant for young Application Developers as outlined in the Budget speech 2013 to instill a culture of entrepreneurship among the youth and encourage entrepreneurship and innovation leading the industry to the next level of development.
It is a Public Private Partnership, initiated by the Government in collaboration with Mauritius Telecom in line with the strategy of the Government to democratize the economy through entrepreneurship. The project to be set up on a floor area of 4 000 square feet in an open space environment equipped with the state-of-the-art facilities and technologies will house some 25 start-ups comprising different companies in the IT industry which will eventually contribute to the economic development of the country. The rationale is to help the entrepreneurs to share views and expertise and experience as well as overcome several challenges together.
A selection panel comprised of representatives of the different stakeholders involved in the project will select the most appropriate candidates on a merit basis. The rent for the space being allocated to them will be free of charge for the first four months. Subsequently the companies will be charged at the rate of Rs 10 000 for the next four months which will be subsidized by 50% by the Government. After this initial period of eight months charges of Rs 20 000 will be applied.
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