Frequently Asked Questions about TechIdeaSpace 2017
1. What is TechIdeaSpace?
TechIdeaSpace is a program to help nascent Technology Start-ups to turn innovative/creative ideas into successful Businesses.
2. What is the aim of TechIdeaSpace?
The aim of TechIdeaSpace is to encourage development of ideas by Start-ups in the ICT Sector.
3. What are the objectives of TechIdeaSpace?
The objectives of TechIdeaSpace are
• To ensure continuous creation of ideas and start-ups.
• To inspire and stimulate development of innovative ideas among start-ups
• To sensitise and disseminate knowledge on Technopreneurship.
• To identify potential ideas for further transformation into successful businesses
4. When TechIdeaSpace 2017 Registration will open?
TechIdeaSpace 2017 Registration is Open Now.
All interested parties must fill up and email their Registration form which can be downloaded from the Forms or Download section or can be requested by sending e-mail to
technopreneur@ncb.mu.
Once your Registration is validated you will be invited to mail your TechIdeaSpace submission form to
technopreneur@ncb.mu within one month following validation of your Registration.
5. Who can participate for TechIdeaSpace?
Participation to TechIdeaSpace is open to Teams comprising of any combination of team members from: Tertiary Students, Undergraduates,Graduates, Postgraduates, Researchers, IT and ITES professionals, Secondary Students and Aspiring Start-ups.
6. How do I form a Team for TechIdeaSpace?
To form a team for TechIdeSpace you have to include a minimum of 2 members and up to a maximum of 4 Members comprising of any combination of Tertiary Students, Undergraduates, Graduates, Postgraduates, Researchers, IT and ITES professionals, Secondary students and Aspiring Students.
7. What about the Teams?
Your Team must have a Name and a Team Leader. The Team Leader must be the representative of the team and he/ she will be the contact person for the TechIdeaSpace 2017.
8. What types of Team Name can I choose for my Team?
Selection of Team Name can be any name apart from the name or surname of any members of the Team.
9. How many Team members should you have?
Team members should comprise of a minimum of 2 and up to a maximum of 4 members.
10. Why should we participate as a Team?
Working as a team makes it easier for you to brainstorm on your idea. This also helps in building trust, in fostering creativity & learning as well as in encouraging healthy risk-taking.
11. TechIdeaSpace welcomes which types of ideas?
TechIdeaSpace strictly welcomes Innovative/ Creative based business ideas in Information and Communication Technology (ICT) to TURN these into successful businesses.
12. How can I join TechideaSpace?
You just have to fill up the registration form and email to
technopreneur@ncb.mu .The Registration Form which is:
13. What about the Teams? How many people can form part of a team?
The team must comprise of a minimum of 2 and a maximum of 4 members with any combination of Tertiary Students, Undergraduates, Graduates, Postgraduates, Researchers, IT and ITES Professionals, Secondary students and Aspiring Start-ups with Innovative IDEAS and are willing to TURN IDEA to Business.
14. What background I must have to join TechideaSpace?
As TechideaSpace, welcomes Innovative/ Creative ICT related Business Ideas; therefore the Team Leader or at least one member in each team must have an IT background or have the necessary knowledge/skills to develop the prototype of the idea proposed.
15. Can I submit more than one idea?
No, only one idea per team will be accepted.
16. What are the different stages of the TechIdeaSpace?
TechIdeaSpace have 6 stages as per details given below
Stage1: Registration /Validation
• Registration is Open Now. Only Registered entries will be considered.
• TechIdeaSpace Registration form can be downloaded from the Forms or
Download section or can be requested by mail to
technopreneur@ncb.mu.
• All filled Registration forms should be sent by e-mail to
technopreneur@ncb.mu • Once your registration is validated you will receive the TechIdeaSpace Submission Form
Stage 2: Idea Submission Form
• Basic Details about your Idea are requested in the TechIdeaSpace Submission Form
• IDEA Submission form needs to be submitted within one month following validation of Registration
• Best Innovative ideas will be selected for stage 3
Stage 3: Submission of Business Model
• Assistance will be provided to work out your Business Model.
• Participants of Best Innovative Ideas will submit their Business Model
• Ideas with best Business Model will advance to stage 4
Stage 4: Join Boot Camp
• The Participants with best IDEAS will join the Boot Camp to get Assistance to prepare Business Plan; Financial Forecasts; Pitching of IDEA.
• Submit Exec. Summary and Financial Forecasts.
Stage 5: Assessment, Selection and Pitching
• Assessment of Exec. Summary and Financials.
• IDEAS with best Executive Summary & Financials to submit Pitching.
•Assess IDEA Pitch and improve
Stage 6: Pitch your IDEA
• Pitching of IDEA with Panel of Jury
• One to one mentoring in setting up Business
• Assist in Pitching IDEA with Potential Investors and FI’s
17. What are the timelines for TechIdeaSpace 2017
Stages |
Time Frame |
Stage 1- Registration/Validation |
|
Registration is Open |
NOW |
Validation starts |
Around a week from Registration |
Stage 2- IDEA Form Submission |
|
Submission of TechIdeaSpace Form |
Around 1 month from validation |
Selection of Best Innovative Ideas |
Around 1 to 2 weeks |
Stage 3- Submission of Business Model |
|
Assistance for Business Model |
Date to be decided |
Submission of Business Model |
Within a month after assistance |
Assessment of Business Model |
Around 2 weeks |
Stage 4- Join BootCamp for Assistance |
|
To Prepare Business Plan, Financial Forecasts,
Start-up, Costs and Pitching of IDEA |
Date to be decided |
Submission of Exe.Summary, Financials |
Around 6 to 7 weeks |
Stage 5- Assess Executive Summary, Financials and Pitching |
Assessment of Exec.Summ, Financials |
Around 2 to 3 weeks |
Submission of Pitch |
Around 2 weeks after assessment |
Assessment of IDEA Pitch |
Around 2 weeks after submission |
Stage 6- Pitch Your IDEA |
Pitching of IDEA with Panel of Jury |
Once Idea Pitch is finalised |
Pitching of IDEA with FI’s Investors |
Date to be decided |
One to One mentoring in setting up Business |
Ongoing |
18. What are the submission guidelines?
All forms and guidelines for submission will be provided to your Team Leader as and when you have made it for the next stage.
19. What should I do if I do not have Internet Access at Home?
You can also access internet from any one of the following Public Internet Access Points (PIAPS) situated in 95 Posts offices around the island as per link given with the exception in Black River, Case Noyale, Flacq, Pointe aux Sables, Postal Museum, Riviere du Post and Tombeau Bay. http://www.mauritiuspost.mu/contact-us/list-of-post-offices