There has been an alarming rate of graduate unemployment in Mauritius over the past 5 years. The education system has been criticized for being too academic and not driven by the requirements of industry, leading to a skills mismatch. The Mauritian government has consequently announced several new schemes to boost employment and economic growth. This study analyses two innovative approaches for effective workforce development: a university-industry collaborative programme developed by Accenture Academy and the University of Mauritius and a dual apprenticeship scheme operated by the Université des Mascareignes in partnership with the Mauritius Exports Association (MEXA). MEXA has formed a partnership with UDM for providing customized training to its employees. The article also considers the National Human Resource Development Plan for Mauritius and other relevant studies. The main research question is whether the traditional system of higher education needs to be adapted in the light of the country's ambition to emerge as a high-income economy by 2030. The study contributes to an understanding of how partnerships and collaboration can help to improve lifelong employability in the Mauritian context and how they may ultimately contribute to the reduction of graduate unemployment.