Integrated Tertiary Education Centers for STEM Disciplines

Integrated Tertiary Education Centers

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Integrated Tertiary Education Centers for STEM Disciplines
Integrated Tertiary Education Centers for STEM Disciplines
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Education
Formal Education
Business Model Description

Provide higher education in science, technology, engineering and mathematics (STEM) fields for domestic and international students at tertiary level by integrating institutions and educational infrastructure with student housing, workplaces, leisure facilities, enhancing student mobility and employability.

Expected Impact

Empower especially youth and women with the STEM skills in Mauritius' job market, leading to lower unemployment rates and increased national productivity.

How is this information gathered?
Updated: 5 Sep, 2022 Date of Production: 1 Sep, 2022
Mauritius
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
ROE: 10-25%
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4) Decent Work and Economic Growth (SDG 8) Reduced Inequalities (SDG 10)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Gender Equality (SDG 5)

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Sector Sources
  • 1) V. Tandrayen. 2020. Addressing the Education and Skills Mismatch in the Mauritian Economy. https://www.researchgate.net/project/Addressing-the-Education-and-Skills-Mismatch-in-the-Mauritian-Economy. 2) President of the Republic of Mauritius. 2020. Government Programme 2020-2024, Towards an Inclusive, High-income and Green Mauritius, Forging ahead. https://foreign.govmu.org/Documents/2020%20-%20migrated%20data/Gov%20Program%2020-24/govt-programme-2020-2024.pdf. 3) The Bjorn Project. September 5, 2018. Girls' Education in Mauritius Improves Day by Day. https://borgenproject.org/girls-education-in-mauritius-improves-day-by-day/. 4) Platform Africa. June 4, 2020. Mauritius Budget 2020-21: Finance Minister Padayachy introduces “Our new normal, the economy of life”. https://www.platformafrica.com/2020/06/04/mauritius-budget-2020-21/. 5) HRDC. October 6,2021. HRDC launches survey to gauge interest of secondary school students in STEM education. https://www.hrdc.mu/index.php/news-press/348-hrdc-launches-survey-to-gauge-interest-of-secondary-school-students-in-stem-education. 6) Statistics Mauritius. 2020. Labour force, Employment and Unemployment – Year 2020. https://statsmauritius.govmu.org/Documents/Statistics/ESI/2021/EI1583/LF_Emp_Unemp_Yr20_180521.pdf. 7) HEC. 2022. Higher Education Commission Strategic Plan 2022-2025, Building a Responsive, Relevant and Resilient Higher Education Sector. https://www.hec.mu/pdf_downloads/StrategicPlan/HEC_Strategic_Plan_2022_2025.pdf. 8) HRDC. 2020. National Training & Reskilling Scheme (NTRS). https://www.hrdc.mu/index.php/news-press/329-economic-recovery-programme-national-training-and-reskilling-scheme-ntrs-1. 9) Business Mauritius. 2019. Implementing a National Business Roadmap for a better Mauritius by improving the management of our scarce natural resources, developing our human capital, strengthening our governance and addressing our environmental vulnerabilities. https://www.businessmauritius.org/wp-content/uploads/2021/05/2019-04-19-BM-Budget-Memo_Final.docx.pdf. 10) Ministry of Technology, Communication and Innovation. 2017. Digital Mauritius 2030. https://ncb.govmu.org/ncb/strategicplans/DigitalMauritius2030.pdf. 11) M. Madhoua et al. STEM Education in the Republic of Mauritius: a Gender Perspective. https://www.repository.mu/mrc/op/op.DownloadFromOutside.php?documentid=876&version=1. 12) Republic of Mauritius. 2021. Budget Speech 2021-2022, Better Together. https://budgetmof.govmu.org/Documents/2021_22budgetspeech_english.pdf. 13) HRDC. https://www.hrdc.mu/index.php/ntrs. 14) O. Kuku et al. 2015. Training Funds and the Incidence of Training: The Case of Mauritius. https://ftp.iza.org/dp8775.pdf.
IOA Sources
  • 15) H. Mariaye and M. Samuel. 2018. Education hubs and private higher education expansion in small island developing states contexts: The case of Mauritius. https://thejournal.org.za/index.php/thejournal/article/view/46/148. 16) JD Supra. June 14, 2021. Mauritius National Budget Legal Highlights 2021/2022. https://www.jdsupra.com/legalnews/mauritius-national-budget-legal-7319021/ 17) Ministry of Foreign Affairs. 2019. Voluntary National Review Report of Mauritius 2019. https://sustainabledevelopment.un.org/content/documents/23462Mauritius_VNR_Report_2019.pdf. 18) University World News. December 3, 2020. Sub-Saharan Africa leads the world on student mobility. https://www.universityworldnews.com/post.php?story=202012020758261. 19) Ian et al. 2019. Education for Sustainable Development: A Study in Adolescent Perception Changes Towards Sustainability Following a Strategic Planning-Based Intervention—The Young Persons’ Plan for the Planet Program. https://www.mdpi.com/2071-1050/11/20/5817/pdf. 20) I. Gaddis and M. Ranzani. 2020. Fostering Labor Force Participation among Mauritian Women, Quantitative and Qualitative Evidence. https://documents1.worldbank.org/curated/en/704641592550122964/pdf/Fostering-Labor-Force-Participation-among-Mauritian-Women-Quantitative-and-Qualitative-Evidence.pdf. 21) Southern African Development Community. Science, Technology & Innovation. https://www.sadc.int/themes/social-human-development/science-technology-innovation/. 22) Government of Mauritius. February 20, 2019. Less women opt for STEM at secondary and tertiary education level, MRC study reveals. http://www.govmu.org/English/News/Pages/Less-women-opt-for-STEM-at-secondary-and-tertiary-education-level,-MRC-study-reveals.aspx. 23) Government of Mauritius. 2013. Tertiary Education Strategic Plan 2013-2025. https://docplayer.net/11236127-Tertiary-education-strategic-plan-2013-2025.html. 24) Statistic Mauritius. UN_SDG_Database (2010-2020). https://statsmauritius.govmu.org/Pages/Statistics/By_Subject/SDGs/SB_SDG.aspx. 25) EDB. 2020. Smart Mauritius, Live. Invest. Work. Play. https://www.edbmauritius.org/sites/default/files/2020-09/brochure.pdf. 26) Eric. 2019. Adapting the Mauritian Higher Education System for Effective Workforce Development. https://eric.ed.gov/?id=EJ1235327. 27) Middlesex University Mauritius. https://www.middlesex.mu. 28) Eclosia. Charles Telfair Campus. https://www.eclosia.com/fr/faire-grandir/education/charles-telfair-campus. 29) Anne Medical College. https://amcrc.org/advantages.html. 30) Whitefield Business School. http://www.whitefield.ac.mu/about.html. 31) World Bank. 2021. Mauritius Country Economic Memorandum: Through the Eye of a Perfect Storm. http://documents.worldbank.org/curated/en/586691621628367648/pdf/Mauritius-Through-the-Eye-of-a-Perfect-Storm-Coming-Back-Stronger-from-the-COVID-Crisis-A-World-Bank-Group-Country-Economic-Memorandum.pdf. 32) Republic of Mauritius. November 2020. Statistics in Mauritius, A gender Approach, 2018. https://gender.govmu.org/Documents/2020/Statistics%20in%20Mauritius%20A%20Gender%20Approach%20Year%202018.pdf. 33) World Bank Group. 2018. Mauritius: Earnings Mobility and Inequality of Opportunity in the Labor Market. https://www.npccmauritius.org/images/download/56.pdf. 34) Government of Mauritius-UN. 2021. Strategic Partnership Framework 2019-2023. https://www.mu.undp.org/content/mauritius_and_seychelles/en/home/library/strategic-partnership-framework.html. 35) World Bank. 2015. Systematic Country Diagnosis Mauritius. https://elibrary.worldbank.org/doi/epdf/10.1596/23110 36) Human Resources Development Council (HRDC). 2019. Annual Report 2018-2019. https://www.hrdc.mu/index.php/downloads/category/5-annual-reports?download=192:annual-report-2018-2019. 37) Statistic Mauritius. 2019. Education Statistics - 2019. https://statsmauritius.govmu.org/Documents/Statistics/ESI/2019/EI1474/Edu_Yr19.pdf. 38) President of the Republic of Mauritius. 1957. Education Act 1957. https://education.govmu.org/Documents/legislations/Documents/Education%20Act%201957.pdf. 39) President of the Republic of Mauritius. 2005. Tertiary Education Commission (Registration of Post-Secondary Educational Institutions) Regulations 2005. https://www.hec.mu/pdf_downloads/registration_renewal_registration/regulations_registration_private_institutions.pdf. 40) President of the Republic of Mauritius. 1988. Tertiary Education Commission Act 1988. https://education.govmu.org/Documents/legislations/Documents/TEC%20ACT%201988.pdf. 41) Opportunities for Africans. January 3, 2022. The Government of Mauritius Africa Scholarships Scheme 2022 for study in Mauritius (Fully Funded). https://www.opportunitiesforafricans.com/the-government-of-mauritius-africa-scholarships-scheme-2022/. 42) Republic of Mauritius. 2019. Budget speech 2019-2020, Embracing a brighter future together as a nation. https://www.edbmauritius.org/sites/default/files/2020-09/2019_20budgetspeech.pdf. 43) Businesswire. January 02, 2019. The Global MOOC Market is Forecast to Reach $20.8 Billion by 2023 from $3.9 Billion in 2018. https://www.businesswire.com/news/home/20190102005394/en/The-Global-MOOC-Market-is-Forecast-to-Reach-20.8-Billion-by-2023-from-3.9-Billion-in-2018---Analysis-by-Component-Course-User-Type-and-Region---ResearchAndMarkets.com. 44) HEC. 2021. List of Indicative Priority Fields of Study 2021/2023. https://www.hec.mu/pdf_downloads/pub_rep_pdf/LIPFS_2021-2023%20_1102.pdf. 45) S. Al Kharusi and S. Rama Murthy Y. 2017. Financial sustainability of private higher education institutions: The case of publicly traded educational institutions. https://www.researchgate.net/publication/320439130_Financial_sustainability_of_private_higher_education_institutions_The_case_of_publicly_traded_educational_institutions. 46) World Bank Group. 2020. School enrollment, tertiary (% gross) - Mauritius. https://data.worldbank.org/indicator/SE.TER.ENRR?locations=MU. 47) Uniciti. Uniciti Education Hub. https://www.uniciti.mu/en/learn/uniciti-education-hub. 48) Africa Press. 2021. Côte-d’Or Education hub: Signature of an agreement for lease of land. https://www.africa-press.net/mauritius/all-news/cote-dor-education-hub-signature-of-an-agreement-for-lease-of-land. 49) UNDP stakeholder consultation with a prominent private tertiary academic institution in Mauritius, conducted on November 5, 2021. 50) UNEP. 2015. Agenda 2063- First Ten Year Plan. https://wedocs.unep.org/bitstream/handle/20.500.11822/20823/Agenda%202063%20-%20FIRST%20TEN%20YEAR%20PLAN%20%20%20September%20%202015.pdf?sequence=1&isAllowed=y.