SMEDA IS THE DIGITAL INNOVATOR & GROWTH PARTNER OF ENTREPRENEURS
Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.
Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?
Founding Story
KHEERDALI
RUMAISA SHEIK
SMEDA
, VP
, XX
Over 34
Female
More than 5 years
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Operating for more than 5 years
Access to financing, Access to talent, Access to supply chains, Access to technology, Access to economic opportunity, Policy change/advocacy.
Access to finance : 150 Enterprises enjoyed the Start-Up Grants of Rs 50,000. Many SMEs have benefitted from the loan at low interest rate (7.9%) ceiling Rs150,000 to purchase new equipment and raw materials.
There has been a big increase in the number of enterprise registered with SMEDA. 36 SMEs benefitted under the Technology Diffusion Scheme (for acquisition of technologies) for a total sum of Rs 14.9m and the projects of 51 SMEs for availing of grants for technology acquisition have been approved under the Acquisition of Technology Scheme.
• 19 SMEs took advantage of the International SME Technology Scheme whereby they took stock and purchased latest technologies.
Increase business formation to facilitate business dynamism through a constant stream of new entrants into the market. Expand number of high growth and innovative firms as they generate a substantial share of employment and output in the company as well as having the scale to be globally competitive
Innovative and new Technology acquired and implemented by fifty SMEs in the manufacturing sector.
Screening and selection of eligible project applications by Project Implementation Committee set up at SMEDA
Visit to eligible enterprises to determine the genuineness and worthiness of the application
Approval of projects by a Technical Committee set up at SMEDA and disbursement of grant on a matching or reimbursement basis.
Increased sales of products manufactured by SMEs as a result of enhanced quality, efficiency and competitiveness of SMEs.
Ensure (monitor)that the approved technology is acquired and successfully integrated once disbursement is effected to the compan
Provide free coaching &mentoring services to beneficiaries to implement actionplan for business growth &improved competitiveness
Evaluate the growth of the beneficiary SMEs one year after the upgrading of the technology by comparing sales turnover.
SMEDA has signed MOU with local insitutions to help us support enterprises; like Microsoft, Harrel Mallac, etc. We have collaborative arrangements with many overseas institutions like :Entrepreneurs Development Institute (EDI) in India, NSIC (india), JICA (Japan) to training the staff to perform better and bring new ideas to support SMEs.
Furthermore, due to limited market size (population of 1.3 million) in Mauritius, local SMEs have to seek opportunities in the global marketplace and are thus vulnerable to external shocks. It has been facing difficult conditions with the recent global financial crisis and Euro crisis. Therefore, in such a dynamic and turbulent background, technological innovations by SMEs assume significance.