Automated homes, cashless buses, green buildings, blockchains, robotics are just a few innovations that have been rendering life easier and contributing to a prosperous economy. For centuries now, economic thinkers have worked on formulas to hoist emerging countries to a more thriving level through modernisation. In Mauritius, the Mauritius Research Council (MRC) has come forward with a scheme grant to promote innovation. Where do we stand in promoting a culture of innovation in various fields?
Often misconstrued as a concept, innovation drives economic growth. Organisation for Economic Co-operation and Development (OECD) clearly underlines that innovation can make a difference in addressing urgent developmental challenges such as providing access to drinking water, eradicating neglected diseases or reducing hunger. Mauritius is currently ranked among the three highest performing economies in Africa in the Global Innovation Index. Globally we are ranked 75th out of 126 countries, according to the Global Innovation Index 2018/19.
Dr Arjoon Suddhoo, Executive director of MRC, explains that we talk about innovation but many people do not really understand such a concept. “In simple terms, innovation is something new, it can be a product or services. It is also a new way of thinking. It is important to know what innovation will bring to our country. The country can even progress more though innovation. It is more than just science and technology. It is also a frame of mind.”
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