With a view to strengthen entrepreneurial bonds across the globe, EDII has joined hands with University of Oklahoma’s Gaylord College of Journalism and Mass Communication. Centre for the Creation of Economic Wealth (CCEW) and BRAC University to have collaborated in this Professional Fellows Programme (PFP) to provide professional experience and training to the participants. As a part of outbound exchange, five delegates from Oklahoma, United States visited EDII during 4th to 14th January in the year 2016.
The delegates were from the U.S and Gaylord College of Journalism and Mass Communication. The prime purpose of the visit was to understand workings of small and mid-level industries of India. The delegates also visited large as well as multinational companies to catch hold of mechanisms of Indian industries. They paid a visit to Indian institutes of excellence like EDII, MICA and NIFT during their stay in India.
Senior faculty at EDII, Dr. Sanjay Pal orchestrated the activity. He said, “The delegates were happy to learn about micro, small, medium and large scale industries of India. This year in the month of May, Indian participants from diverse fields like media, industries, mass communication, NGOs and entrepreneurs will visit Oklahoma to understand the nature of industries in the U.S.” The programme was managed by EDII.
During their visit to EDII, the delegates had in-depth discussion with the Director of EDII. They acknowledged role of institutes like EDII in promoting entrepreneurship in India and abroad.
Global View on Indian Industries:
Joe Foote, University of Oklahoma: I have worked on communication projects in Asia, Africa, Europe and the Middle East for more than two decades now. I am amazed to learn that in spite of great dissimilarities in cultures and languages, Indian industries are strongly connected to each other.
Leslie Christopher, BOLD Multimedia: Indian industries are good at manufacturing but on customer service front, India still has a scope for improvement. Industries should make sure that client needs are understood and should strive hard to fulfil their expectations.
Quinn Vandenberg, Co-Founder and Owner, Life Out of the Box: The industries established by artisans in India are facing the same difficulties in gaining market share as those in other developing countries. Incubators should play an active role in supporting such units and boost entrepreneurship at grassroots level.
Sarah Beth Cullison, Elemental Coffee: Coffee industry is my area of interest. I have studied agricultural, trade and financial aspects of coffee productions for over three years. India is one of the leading countries in coffee production globally. I believe that coffee industry in India has much scope for exposure on global front.
Korey McMahon, McMahon Marketing: Despite quality products, Small and medium industries in India struggle to make mark at global level. This is because they lack skills in marketing. I strongly believe that investment in marketing and advertisement should be looked at as business investment by small and medium industries.
Institute Helps Comoros Get Vocational Training Centre
The institute has been entrusted with the work related to feasibility for establishing a Comoros-India Vocational Training Centre at Comoros. The task has been assigned by Ministry of External Affairs, Government of India. EDII worked in close association with the MEA and Embassy of India, Antananarivo, Madagascar to accomplish the goals of the assignment.
Two faculty members from the institute visited Comoros and helped prominent stakeholders understand the skill gap in the country and scope for vocational training centre. Post-visit, the institute submitted a detailed report to MEA which included rationale for setting up the centre, portfolio of activities, training and capacity building needs of Comorian faculty members, physical infrastructure needs, cost of training aids and machines, financial requirements and sustainability strategy for the centre. Capital and running costs for the Centre too were discussed.
Mr. Raman Gujral, Associate Senior Faculty at EDII and one of the members who was a part of this assignment said, “There is a need to impart an entrepreneurial routeing to countries, the world over. Comoros abounds in resources that need to be channelized, and this is possible only with entrepreneurial efforts. Interventions in this direction will give a strong entrepreneurial purpose to the country.”
EDII in association with DIPP and CII conducted panel discussion on Start-up India
Start-up India campaign, launched by Honorable Prime Minister Shri Narendra Modi has created nationwide buzz. The youngsters are stimulated to come up with innovative business ideas and establish their own enterprises. With a view to analyse the scheme and spread awareness about it, the institute in association with the Department of Industrial Policy and Promotion (DIPP), Govt. of India and Confederation of Indian Industry (CII) organized a Panel Discussion and Live Streaming of the launch of Start-up India on 16th January.
The Members on the panel were Dr. Chandan Chatterjee, Director, Centre for Entrepreneurship Development, Gujarat; Mr. S. B. Dangayach, Chairman and Managing Director, Sintex Industries Ltd.; Mr. Manasvi Thapar, Founder, Candour Legal and Dr. Sunil Shukla, Director, EDII. The panelists gave insights into issues such as; understanding start-ups, taxation, FDI in key sectors, incubation centres for start-ups, single –window clearance system, benefits for rural India from the Policy and other critical aspects related to setting up and sustaining businesses.
Director of the Institute, Dr. Sunil Shukla expressed his views on Startup India by saying, “This new policy could act as a game changer. I am sure it will promote innovative ideas and add value to society. It is high time that the effort be made collective – the institutions, corporate and government must join hands to create an eco-system which is conducive for start-up germination.”
Eminent Panelist Mr. S.B Dangayach stressed on importance of incubators in cultivating start-up culture in India. He said, “Startup Incubators are important to create an environ where pre-ideas are incubated, technological solutions are applied, prototypes are created, markets and networks are established and products are successfully produced. Incubators will ensure support of domain experts, academic institutions, known entrepreneurs and professionals, thus making it simple for the entrepreneur.”
Government has launched similar initiatives in the past to facilitate first generation entrepreneurs but somehow they did not meet glorious success. Dr. Chandan Chatterjee, Director of Centre for Entrepreneurship Development, Government of Gujarat said, “I would urge all would-be entrepreneurs not to get discouraged by hassles by viewing things from the outside, but to take the plunge after a preliminary scanning and after chalking about a level wise target. Only when they face the first level, will they get ready for the second. I can see an amiable environment setting in, where one step will automatically lead to the other.”
Founder of Candour Legal Mr. Manasvi Thapar put emphasis on single window system with reduced complexities in licenses and taxes to trigger start-up culture. He further said that corporate must also adopt a start-up to increase its chances of success. The panelists were hopeful that Start-up India will bring a change in the mindset about entrepreneurship in India. With several changes in Government policies, it will also fasten growth of start-ups in the country.
The participants learned about techniques to crack job interviews. The one-month training prepared participants for employment. It focused on developing skills in English speaking and computer using capacity of the participants. The programme also aimed to develop self-confidence among participants. Contented with the outcome of the programme, the Programme Director Mr. V.S Sukumaran said, “All the participants were placed for internship in different government institutions after completion of classroom training. The results are indeed heartening.”[Top]
Growth of tourism will lead to growth of art and craft industry Tourism has a great role to play in the expansion of art and craft business of the state. Gujarat, known for Patolas from Patan and Kutchi craftwork across the globe is one the finest manufacturer of art and craft products in India. Sensing the opportunity for the growth of art and craft industry through tourism, the institute in association with Tourism Corporation of Gujarat Ltd (TCGL) conducted Skill and Entrepreneurship Development Program for artisans in which total 161 artisans across the state took part.
During the ten-day program, participants learned how to promote traditional Gujarati art work in modern times. They were also taught not to limit themselves to traditional artwork and develop innovative products to attract tourists. The participants received practical training on how to develop innovative products. Crucial components of business development such as developing communication skills for selling art and craft products and keeping books of accounts were also covered.
Following areas were covered:
• Tour Operators / Travel Agents (100 trainees)
• Art & Craft (161 trainees)
• Eating Outlet Service (119 trainees)
• Defensive Driving & Grooming of Taxi / Auto Drivers (120 trainees)
Director, Dr. Sunil Shukla said, “Gujarat is rapidly growing in the tourism sector. Just like Madhubani art from Bihar and Terracotta from Uttar Pradesh, arts and crafts products from Gujarat too have potential to attract tourists. Value addition to the products and effective use of technology are two areas where artisans should focus to expand their business.”[Top]
With a view to fill the gap of skilled manpower in rapidly growing tourism sector in Gujarat, EDII joined hands with Tourism Corporation of Gujarat Ltd (TCGL) to spread ‘Khushbu Gujarat Ki’ across the nation. An MOU was signed between TCGL and EDII on 19th February 2016 to conduct Skill Development Programmes for stake holders associated with the tourism sector in Gujarat. The institute aims to inculcate culture of entrepreneurship in the booming tourism sector.
Programme for Tour Operators/Travel Agents:
The institute conducted skill development programme for tour operators and travel agents. Total 100 existing and potential entrepreneurs received training from the institute. The 10-day program helped participants understand the nature of tour and travel business in Gujarat, market assessment and marketing strategies in tourism sector. It also emphasized on using online resources and managing tourism business digitally. The participants were given comprehensive details about schemes and assistance available from District Industries Center (DIC) and Banks for setting up tourism related business.
Mr. Prakash Solanki, Faculty-EDII said that, “Gujarat has immense potential to grow as a tourist destination. The program will help bring holistic change by fulfilling the need for professionally trained entrepreneurs in the tourism sector.”
The First Impression Makers:
First impression is the last impression and in most of the cases tourists have their first encounter with taxi or auto drivers as soon as they enter the city. Thus a ten-day training programme was held by the institute to train auto & taxi drivers to attend to tourists. Total 120 drivers participated in the programme. It focused on safe and defense driving. In addition to that, the participants were trained on how to receive the passengers, how to communicate with them, how to inform them about the tourist attractions of the city so that the tourists leave with positive impression of the city and state.
“I did not know that to establish tours and travels business, one needs permission from RTO. The workshop helped clear my doubts about tourism policy of Gujarat. Post workshop, I have good exposure to tours and travels industry in Gujarat.” – Hiren Gohil
“Study visit to Dakor was an enriching experience. I actually had practical experience of managing a tour. Apart from that, I also learned about loans, subsidies and financial assistance provided by the government. It will help me start my own business.” – Darshan Parmar[Top]
Empresario 2016 asserted that there is no looking back for start-ups now
Indian start-ups received funding of Rs. 50,000 crore last year and the number is growing with each passing day. After US and U.K, maximum numbers of start-ups are emerging from India. Even Chinese investors have invested 3 million to 7 million dollars in Indian startups during last few months. Govt. of India and the state government are introducing start-up friendly policies. The start-up wave is taking our nation by storm and Empresario, an inter-collegiate entrepreneurship fest held on 26th and 27th February at EDII campus asserted that there is no looking back now.
The institute in association with Gujarat CSR Authority and Gujarat Seeds Corporation Ltd. held Empresario-2016, a state wide start-up hunt in the month of February. In order to shortlist ideas for the final round, boot camps were held at 10 different locations of Gujarat including Ahmedabad, Gandhinagar, Rajkot, Surat, Baroda, Mehsana and Anand. The final round of Empresario-2016 was held at the institute on 26th and 27th February. From every nook and corner of the state, 135 start-up ideas were submitted out of which 30 ideas were selected for the final round. Out of these, 17 ideas were shortlisted for fund of Rs. 40,000 under the sponsorship of GCSRA for developing a prototype. Most of them belonged to Agribusiness, renewable energy, art, craft and digital initiative. The finale of Empresario was accompanied by a start-up fair at EDII campus in which 50 start-up ideas were displayed.
While inaugurating the start-up fair, the Chief Guest Shri Sanjay Prasad, IAS, Principal Secretary of Labour and Employment Department, Govt. of Gujarat said, “There is a start-up surge in the country. Entrepreneurs are becoming more ambitious and investors are getting bolder. Most importantly the consumers are more receptive than ever to these new local offerings. We are now seeing more acceptances from India’s market.”
As a nodal institute, Entrepreneurship Development Institute of India (EDII) will invite and motivate innovators for innovation and will allow innovators to utilize facilities available in the institute. The institute will also provide mentorship to potential start-ups.
The Director, Dr. Sunil Shukla also said that, “The culture of entrepreneurship was never this inspiring and motivating before inside and outside of EDII. I am glad that EDII is contributing to the state and country’s ‘Start-up Movement’ and has taken an initiative to organize such Start-up fair.”
Shri Sunil Shah, the Chairman of All Gujarat Innovation Society and Shri Sunil Parekh, Corporate Advisor of Zydus Group marked their eminent presence at the inauguration of the start-up fair.
According to a survey, the failure rate in start-ups is as high as 70 percent and 66 percent entrepreneurs go back to their salaried jobs. Shri Parekh said, “Start-ups fail because they develop products for which there is no market and thus cannot connect to the customers. Another reason for failure is they run out of fund and they are not good at money planning. Third one is they do not develop right team.” He asserted that innovative ways of delivering solutions are much needed.
Remarking one of the chief reasons of failure, Shri Sunil Shah, the Chairman of All Gujarat Innovation Society said that, “Start-ups begin with great idea but couple of months later they are confused and thus lose their way. Start-ups should always confine to their core ideas and it will work.” He suggested entrepreneurs to rethink every time, “What are we into?”
A survey conducted on 4000 startups suggests that the biggest concern start-ups are facing is existing tax laws and complicated system of regulatory compliance. Apart from that, access to fund for developing idea is difficult for start-ups in India. But the experts suggested that Government at both Central and State level is promoting start-ups and is coming up with entrepreneur friendly start-up policies which will increase ease of doing business.
EDII Ranked 45 across India and 3rd in Gujarat by NIRF
As per the National Institutional Ranking Framework (NIRF) evolved by the Ministry of Human Resource Development (MHRD), Government of India, Entrepreneurship Development Institute of India (EDII), Gandhinagar, ranked 45th (overall rank) among India’s top 50 National Management Institutions. In all 3500 plus ranking applications were received by NIRF, of which 609 were from the Management domain. EDII stood at 3rd position among Management Institutes in Gujarat. Moreover, EDII was ranked 30th for its Research and Professional Practices (RPC) and scored 73.95 for the same. All participating Institutes were ranked on basis of five broad parameters ‘Teaching, Learning and Resources’ (TLR), ‘Research and Professional Practices’ (RPC), ‘Graduation Outcomes’ (GO), ‘Outreach and Inclusivity’ (OI), and ‘Perception’ (P).
Expert Committee Constituted by AICTE for Preparing Start-up Policy
Dr. Sunil Shukla, Director, EDII has been appointed as a member on the special committee constituted by AICTE (All India Council for Technical Education) for preparing start-up policy for students of technical institutions. National Policy for Skill Development and Entrepreneurship 2015 has emphasized upon the need for entrepreneurship education in 3000 colleges. In line with it, AICTE has constituted a five-member committee of experts to prepare start-up policy for students of technical institutions in the country.[Top]
First phase of SVEP initiated in 10 states
The institute has been selected as National Resource Organization (NRO) for Government of India’s Start-up Village Entrepreneurship Programme (SVEP). The programme was announced by Honourable Finance Minister in the previous year’s budget speech. Under the aegis of Ministry of Rural Development, the institute has initiated the programme in 23 blocks in ten states: Gujarat, Madhya Pradesh, Haryana, Jammu and Kashmir, West Bengal, Odisha, Jharkhand, Chhattisgarh, Telangana and Uttar Pradesh in association with respective State Rural Livelihood Mission (SRLM).
SVEP is dedicated to create sustainable self-employment opportunities for a large number of youth residing in villages. It also works towards bringing banks and financial institutions closer to the village entrepreneurs. The institute is conducting baseline and market potential study in the villages during the first phase. This data is collected through a mobile application. The institute has tied up with Enable Development Foundation to create digital database of the information received. For meticulous data collection, EDII has conducted VEIT training programmes for 184 data collectors selected from the blocks itself. The first phase of SVEP comprises Baseline, Benchmarking and Market Potential study through enterprise census and hotspot mapping, stratified sample survey of enterprise to assess business specific regional benchmark and household & institutional survey to validate expenditure pattern fetched from secondary data. The institute will also assess the scope of internal as well as external market. On the basis of information gathered, the institute will submit a detailed project report to the Ministry of Rural Development (MORD). The implementation of the programme will be monitored by Project Director, Dr. Manoj Mishra.
EDII Appointed as Nodal Institute for Start-ups by Government of Gujarat
With a view to encourage potential start-ups in the state, Ministry of Industries, Government of Gujarat, has appointed EDII as Nodal Institute for Start-ups under the Start-ups/innovation scheme. As a nodal institute, EDII will provide counselling and guidance to potential start-ups. Budding start-ups with innovative ideas in the fields of agri-business, food processing, bio-technology, chemicals, plastics and manufacturing will benefit from this.
Government of Gujarat, keen to promote entrepreneurship, has recognized need for start-ups as they “transfer new knowledge or new ideas into products and process into commercial applications.”[Top]
The institute will help potential entrepreneurs convert business ideas into business empires
Pioneer in Entrepreneurship Development Programme (EDP), EDII has now become synonymous with entrepreneurship as well as success. The driving force of entrepreneurship movement in the country, the institute has won accolades on education and training front. With over three decades of experience in training, EDII strives to improve performance of existing enterprising in India by guiding them in all spheres of entrepreneurship such as technology selection, introduction of innovation, promoting tie-ups by networking, suggesting new sources of funds, developing competencies and teaching them new methods of marketing. Now, EDII is developing Technology Business Incubator to provide one stop solution to all the budding entrepreneurs.
With wide-ranging activities, the institute has created substantial pool of budding entrepreneurs. Now, with the help of Department of Science and Technology of Government of India, EDII is going to come up with Technology Business Incubator (TBI) to support potential entrepreneurs convert innovative business ideas into ventures.
EDII is equipped with physical infrastructure to set up a business incubator and will provide modern facilities including existing library and information center to the incubates. EDII has also signed MOUs with Gujarat Technological University (GTU) and Pandeet Deen Dayal Petroleum University (PDPU) to support student start-ups. Apart from that, EDII is affiliated with Government of India’s Ministry of External Affairs, Ministry of Textiles, Ministry of Food Processing, NSTEDB, DST, DC, Ministry of MSME, Ministry of Rural Development and Ministry of Panchayati Raj to promote entrepreneurship education and training. In addition to that EDII has been training students in diverse sectors such as agriculture, food processing, manufacturing, engineering, textile, IT, renewable energy, service sectors and several others.
Through intensive training, the students of EDII have come up with 73 innovative business ideas that are being nurtured by internal and external faculty members. EDII is also planning to come up with various short-term training programmes on Entrepreneurship Management to help convert innovative business ideas into business empires.
Technology Business Incubator (TBI) in a Nutshell:
The Technology Business Incubator (TBI) center will help potential entrepreneurs grow their business ideas. It will provide guidance regarding patent and IPR (Intellectual Property Rights) and will also aid them with necessary counselling and networking. It will also conduct short-term programme on entrepreneurship management. The experienced faculty of EDII will provide all-inclusive guidance to the prospective entrepreneurs for setting up business.[Top]
Since the year 2009-10, EDII has created a special pool of resources in the name, ‘Students’ Resource Fund’ for providing Seed Capital support to needy students from financially and socially challenged background of PGDM-Business Entrepreneurship Programme on Merit-cum-Need basis.
EDII has broadened this fellowship / grant support to provide small financial assistance to the students of PGDM-Business Entrepreneurship for enabling them initiating/starting own ventures. Such support will be given to students having viable and feasible business ideas, and as recommended by the fellowship committee (consisting of faculty, bankers and other experts).
A Bankable Detailed Project Report (DPR) needs to be prepared by the participants with regard to their ventures after conducting a thorough market research and secondary data based research along with IT based applications. At the conclusion of the field study, students delivers a written business plan for a new venture or expansion of current business, which will include analysis of the market and industry in which the business will compete, a viable financial and organizational structure, risk assessment, a marketing strategy and as appropriate, explanation of an underlying technology, manufacturing process and service delivery system. The final project report is prepared in a competitive format and is assessed by panel of experts comprising of faculty, industry experts and bankers.
Students working on their DPRs can register their names for seed capital support once the information is announced from PGP office.
The steps required to be followed are:
• Student should be ready with business project and basic business snapshot.
• The submitted business projects will be analysed by panel of faculty members and then it will be recommended for seed capital support
• EDII will provide counselling, support and services related to market survey, creating prototype, financial forecasting, interaction with bankers etc.
Primary sector focuses are software/IT, web/e-commerce, service sector, agribusiness, manufacturing/textile, food processing, renewable/clean-tech energy, chemical/fertilizer, power/electricity, electrical/electronic etc.[Top]
Co-founder – Nikita Maheshwari & Shikhar Maheshwari
In last 5 years, we all have grown up experiencing e-commerce and tech-enability making convenience a form of lifestyle. Everything is just a click (and these days rather a fingertap away).
Food, clothing and now housing (the quintessential Roti, Kapda aur Makkan) have all found their way to the 5-inch platform. Amongst all the others having your own Makaan is everyone’s lifelong dream. However, despite several platforms coming up on the ‘buy, sell and rent’ model there was a visible gap in the home décor, beauty and aesthetics segment in the construction industry. One can definitely buy, sell and rent houses but what about homes? Here is where me and my brother saw a window of opportunity.
We decided to venture into coverings and tiling. The idea was even more workable due the proximity of Morbi to Ahmedabad. This small town houses an industry size of USD10 Billion within the periphery of 50 Km. having almost 1500 manufacturing units for tiles, sanitary ware and other coverings. However, the biggest challenge was that the market having huge potential is highly unorganized making it inaccessible to the the right customer at the right time.
Thus, Tilebazzar was born. We wanted to bridge the gap between the manufacturing industry and the consumer and in turn helping the industry to organize itself on the virtual space. We wanted to provide every stakeholder a levelled platform to reach out to the masses across the country. We at Tilebazzar aim at providing a variety of choices at affordable price under one roof and also to provide end-to-end solutions within budget to beautify houses for customers and also provide greater exposure to the small and medium enterprises at Morbi to to come on board and showcase their products.
To make Tilebazzar a reality and covert the idea into right product, it was very important that the stakeholders understood the concept and tell us their problems. Thus, we created a beta website and conducted our market research for 6 long months formulating different services that would assist everyone- Manufacturer, Builders, Architects, Dealers, Developers and the Government as well. Our moto stands simple – Every Covering @ Every Price.
We are planning to launch Tilebazzar by the third week of May. We are proud to be first of its kind platform which shall not only provide you coverings but also provide creative solutions so that you get your dream house in just the way you imagined it to be.
Tilebazzar plans to do two things in future – Firstly, bring a behavioral change in the way our county perceives aesthetics in Building & Construction Industry. Secondly, we also want to make Morbi the epicenter of Ceramic/Vitrified Tiles, Sanitary and other coverings for the world in next 5-7 years. Myself and Shikhar want to make this town as Ceramic “Silicon” Valley because we understand our true success does not only lie in our personal achievements but also in the success of each and every stakeholder involved in the process right from the grass root level.
P.s. To every woman entrepreneur out there- if you are taking a chance to enter a male dominated industry, don’t back down, you will find your place give it time. But walk tall and stay strong.[Top]