Economy Engagement / Initiatives
Institution Building for Strengthening Entrepreneurship
EDII has come forward in a big way to provide technical assistance to developing nations under the aegis of the Ministry of External Affairs, Govt. of India. EDII’s vision also advocates institution building for concretising entrepreneurship. In order to, therefore, replicate the success story of promoting first generation entrepreneurs through training and counselling interventions, the Institute took up the task of setting up EDII-like institutions across the world. In this concept-to-completion approach, work involves feasibility study, entrepreneurship appreciation workshop for the policy makers and planners, identification of viable business opportunities, setting up a library on entrepreneurship, long term advisory services to the Centre, policy framework for promotion of SMEs and organizational framework for an Entrepreneurship Development Centre (EDC). The Institute has set up EDCs at Cambodia, Lao PDR, Myanmar, Vietnam and Uzbekistan. Work is in progress in countries like Rwanda and other selected African countries.
The process of establishing centres include:
- Feasibility Study
- Appreciation Workshops for policy makers and planners
- Workforce selection and orientation
- Training of Trainers to create a cadre of trained professionals who could consolidate the learning
- Business Opportunity Identification
- Developing teaching & training aides
- Setting up financial and administrative system
- Long-term Advisory services for sustainability of the Centre
Centres Established
- Lao-India Entrepreneurship Development Center (LIEDC) at Vientiane
- Cambodia India Entrepreneurship Development Centre (CIEDC) at Phnom Penh which was later re-christened as National Institute of Entrepreneurship and Innovation (NIEI)
- Myanmar India Entrepreneurship Development Centre (MIEDC) at Yangon
- Vietnam India Entrepreneurship Development Centre (VIEDC) at Hanoi
- India-Uzbekistan Entrepreneurship Development Centre (IUEDC) at Tashkent
Rwanda – India Entrepreneurship Development Centre (RIEDC) at Kigali
Similar Centres are proposed in selected other African countries
The Vision of the Centres Established
The Centres will spearhead entrepreneurship development movement in their respective countries to promote a conducive environment, thus becoming Centres of Excellence for facilitating creation of viable and competitive new enterprises and strengthening of the existing ones. It will endeavour to create resilient, indigenous entrepreneurs who will be efficient in the competitive global market.
Core Activities
Women Entrepreneurship
Women entrepreneurship is one of the core areas where EDII has intervened successfully to bring women to the forefront of the economic world.
Support System Sensitization
The Support System in every country comprises several layers, and one dysfunctional tier could leave a damaging impact on the results.
Programmes for Existing Entrepreneurs
The vision for economic development for many countries is ensconced in improving the overall entrepreneurial climate for New Enterprise Creation and enhance performance of existing ones.
Institution Building for Strengthening Entrepreneurship
EDII has come forward in a big way to provide technical assistance to developing nations under the aegis of the Ministry of External Affairs, Govt. of India.
Capacity Building Programmes
In order to meet specific needs of developing countries, the Institute has been designated as a Nodal Agency of Ministry of External Affairs, Government of India.
Investment Promotion and Entrepreneurship
EDII undertook projects to accelerate growth through Investment Promotion & Entrepreneurship under the aegis of Inter-Regional Centre for Entrepreneurship and Investment Training sponsored by UNIDO and Govt. of India.
Cluster Development
Cluster Development is one of EDII’s niche areas. The Institute is engaged in revitalization of industrial and artisanal clusters.
Mainstreaming Social Entrepreneurship Education project
Social Entrepreneurship in India remains on the periphery of entrepreneurial landscape.
Designing and Offering Business Courses in various languages
EDII offerd a helping hand in improving bilateral ties with developing countries by designing and imparting courses in Business Hindi at both certificate and advanced levels.
Research and Dissemination through Seminars and Workshops
Conducted a 3-day dissemination seminar on ED related activities in Nigeria under the aegis of Nigeria Bank of Commerce & Industry (NBCI), where over 80 participants including senior officers, policy-makers and executives from Federal Government participated.
Indian Technical and Economic Cooperation Programme (ITEC)
Conducted a 3-day dissemination seminar on ED related activities in Nigeria under the aegis of Nigeria Bank of Commerce & Industry (NBCI), where over 80 participants including senior officers, policy-makers and executives from Federal Government participated.
Entrepreneurship Education
Entrepreneurship can get a boost only when people at large start thinking, innovating, harnessing resources and thus get involved in the process of ‘creation’.