Technological brains garner skills to establish knowledge based enterprise
It is now widely accepted that women make promising managers. Slowly but steadily women are also emerging strong in the field of science and technology. Innovative business ideas need support from science and technology to survive and sustain in the global market. Thus the unprecedented need for entrepreneurs with sound technical knowledge has emerged in the recent times. EDII thought that women with sound technical knowledge can make the most of opportunity and that is why launched a five-day national programme on Entrepreneurship Development & Management for Women Scientists & Technologists working with the government sector.
The programme conducted during 2 to 6 February this year, received overwhelming response from the participants. 14 women scientists and technologists working in various departments and ministries of Central Government, Public Sector Units and Research institutes supported by Central or State Government participated in the programme. Some academicians engaged in R&D also registered for the programme. The programme was sponsored by Department of Science and Technology, Government of India. The chief aim of the programme was to sensitize women scientists and technologists towards embracing entrepreneurship as career.
Till now, there is little done in the area of knowledge based entrepreneurship. This programme helped the participants understand the importance of owning knowledge based innovative business ventures. The curriculum covered core aspects of entrepreneurship such as process of business idea generation, project formulation and screening for feasibility.
It has been observed that even if women have basic knowledge of entrepreneurship, they are unable to identify and develop market for this. Though there are national and international institutions that support these kinds of endeavours, women hardly have information about these institutions. The participants received all the necessary information about garnering support from such institutions.
The scientists and researchers also learned about how to use basic and applied research as a tool for business planning.
The participants were very happy to garner skills of identifying business opportunities. One of the participants shared her experience by saying, “I never knew that I can be an entrepreneur. Now that I have learned about new enterprise creation, business plan preparation and everything about establishing and managing a new enterprise, I am sure I am going to come up with my own knowledge based enterprise.” The curriculum also touched upon gender issues at the workplace.
The programme was conducted by Mr. P. Ganesh, Associate Senior Faculty at EDII. The programme included intensive group discussions, role plays, and simulation exercises hence demanded constant involvement from the participants. The Course Director Mr. P. Ganesh expressing his contentment said, “I used audio-visual medium to make participants understand key issues of entrepreneurship development and management. The participants also got an opportunity to interact with subject experts and successful entrepreneurs.” Towards the end of the programme, the participants were motivated to establish their own knowledge based enterprise. The programme supported institute’s belief that women empowerment is essential to bring much needed change in society.
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]
The EDII or Entrepreneurship Development Institute of India is a not-for-profit organisation which was established in 1983. It was set up with a specific vision in mind- to become an acknowledged national resource institute engaged in entrepreneurship education, research, training and institution building.
At EDII, the main aim is to turn out students who are competent, first generation entrepreneurs with creative genius and a strong moral and ethical code. It also aims at developing existing small and medium enterprises (SMEs) into thriving future corporations through value added management education, training, institution building and research.
The PGDM-BE programme or Post Graduate Diploma in Management – Business Entrepreneurship is a full-time, residential management course with duration of two years. The EDII has been producing students specialised in entrepreneurship education for the past eighteen years.
To be eligible, graduates belonging to general category need to have scored at least 50 % marks in graduation and in case of reserved students, only 45% is required. The PGDM-BE programme has a regular intake of 120 students per batch.
Interaction and Networking
The best part of the course is that students get to interact with people from diverse fields and pursuing various passions. This helps in developing the outlook of the students and gives them a general overview of the prevailing scenario. Besides, EDII helps students connect with budding entrepreneurs from across the globe through international exchange programmes. Students also get to visit foreign universities which further helps to enhance their knowledge and also build vital contacts.
What makes this programme special?
• Association of Indian Universities (Certificate)
• Approved by AICTE (All India Council for Technical Education)- Certificate
• Awarded USASBE Outstanding Entrepreneurship Program Abroad Award 2014 (Category)
• Accredited by National Board of Accreditation (NBA)- Certificate
This post-graduate diploma in management- business entrepreneurship was specially designed for entrepreneurs and entrepreneurial managers to develop critical thinking, encourage their ambitions and business ventures, and provide students with an intellectually stimulating and invigorating management education.
EDII also helps students to get summer internships working with premier organisations in order to gain some practical experience in the field. Students interested in starting their own entrepreneurial venture can also avail of loans from financial institutions associated with the EDII.
Some of the well-known organisations which offered summer internships to EDII students:
2. Hindustan Unilever Foundation
4. Business Standard
5. Catalyst Constellations
6. Brand You
7. Light Microfinance
8. Adani Port and SEZ Ltd
9. Prakash Chemicals
10. Green Electrical Private Limited
11. Gokal Das Exports
13. Indusa Infotech
14. Unified Brainz Virtuoso Limited
15. NJ India Invest Ltd
17. Uber Health
18. Macro World
19. Newcastle University Business School
20. Sahajanand Laser Technology
The PGDM-BE course primarily aims at developing students’ entrepreneurial skills in order to enable them to initiate, expand and diversify business enterprises. It also helps to create managers for corporate entrepreneurial ventures. It also helps those inheriting family businesses to develop the skills and gain the knowledge required for them to run these businesses successfully.[Top]
India has witnessed a recent boom in startups. It is due to the prevailing conditions of sufficient funding, latest technology and a market that is thirsting for something new that the arrival of startups in the business scene has come with a surprising force and it certainly seems like they are here to stay.
The Current Scene of Entrepreneurship in India
It was only after Independence that the business sector witnessed a major shift in its structure. Indian entrepreneurs were determined to pursue their entrepreneurial dreams and break the boundaries that they had been restrained by. The need for some kind of regional development, at that time, paved the path that would welcome startups into the business scene.
From a measly presence of just 3,100 back in 2014, the number of startups to grace India is expected to increase to about 11,500 by 2020. A constraining factor with India is that entrepreneurs are still looking to find investors for their various ventures. Once they are able to tap the capital markets for better growth prospects, India will certainly race ahead of other countries with regard to its GDP.
Fortunately, India currently has massive funding and access to technological resources making it one of the best moments for the development of the largest startup ecosystem. It is due to the favorable domestic markets and availability of resources, that an entrepreneur finds a conducive environment in India for his startup to emerge.
Education and Practical Exposure – Simple Path to Success
It certainly is no surprise that if you wish to succeed in the task of becoming an entrepreneur, you need both education and practical exposure to the outside world. While education can play a major role in influencing student’s attitudes and motivations toward entrepreneurship; by exposing yourself to the practical aspect of business, you will see its relevance in terms of economic welfare as well as in creating employment opportunities.
If You are a Budding Entrepreneur, This is How EDI Course will Help You Out…
Dedicated to entrepreneurship education and training, our Post Graduate Diploma in Management – Business Entrepreneurship will familiarize you with all the varied aspects of entrepreneurship. Since we are well aware that a pragmatic approach needs to be adopted when looking at the markets, we will provide you with all the necessary training and knowledge to do this so that you are able to discover the potential for entrepreneurship that lies within you. If you want to make a success of your business venture, training and research in entrepreneurship will certainly go a long way.
This course focuses on providing research and documentation so that you are exposed to the current market scene. With business research, you will also receive training in data analysis and understanding of the market. This way, through different strategies you will be able to gauge the intricacies of entrepreneurship before you venture onto this path. This full-time, two-year program will certainly leave you with a relevant and practical learning experience
So although startups are witnessing a booming growth in the current scheme, about 90 percent of them have not been able to succeed. However, given the increased growth that the presence of startups has brought to the Indian economy, the need for more startups is certainly present. So if you wish to guarantee success on your entrepreneurial journey, come join us and learn all you need to know about the world of entrepreneurs.