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Introduction of New goods New methods of production Opening of new markets Conquest of new sources of supply New organizational structure Innovation Technological.

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Presentation on theme: "Introduction of New goods New methods of production Opening of new markets Conquest of new sources of supply New organizational structure Innovation Technological."— Presentation transcript:

1 Introduction of New goods New methods of production Opening of new markets Conquest of new sources of supply New organizational structure Innovation Technological Organizational Structure New Market Prof. Schumpeter’s definition of Innovation 1 MRC 27 March 2014

2 SugarTextileTourismICT Incremental Innovation Radical Innovation GDP Per Capita/USD New industries Ocean Industry Bio (Life) Industry 8 200 2 1960s2000s Limits of Incremental Innovation Stagnation of GDP 16 000

3 How Mauritius is addressing Innovation in the Transition (New) Economy? 3CBBR BOI 2 Oct 2013 Emergence of ICT Sector – low to high end BPO New Industries – Ocean Industry, Bio(Life) Industry….. TextileAgricultureTourism Trade/ Finance Information Technology Biomedical/ Life Sciences Service-Based Economy Knowledge-Based Economy Ocean Industry

4 Private Sector Research Institutions Triple-helix model NIS Public Sector 4CBBR BOI 2 Oct 2013

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