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    EDI ADFIAP Cambodia Presentation Final Dinesh Awasth

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    priyank2110
    This document provides an overview of the Entrepreneurship Development Institute of India (EDI) and its role in developing small and medium enterprise entrepreneurship. Some key points: - EDI was established in 1983 to promote entrepreneurship through education, training, research and institution building. It offers programs in entrepreneurship and has established centers in several countries. - EDI's mandate is to develop competent entrepreneurs, increase SME competitiveness, promote business ownership, and contribute to entrepreneurship knowledge and policy. - EDI focuses on various aspects of entrepreneurship development like education, microenterprises, performance improvement, clusters, research and more. - Studies show EDI-trained entrepreneurs have higher

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    EDI ADFIAP Cambodia Presentation Final Dinesh Awasth

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    priyank2110
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    This document provides an overview of the Entrepreneurship Development Institute of India (EDI) and its role in developing small and medium enterprise entrepreneurship. Some key points: - EDI was established in 1983 to promote entrepreneurship through education, training, research and institution building. It offers programs in entrepreneurship and has established centers in several countries. - EDI's mandate is to develop competent entrepreneurs, increase SME competitiveness, promote business ownership, and contribute to entrepreneurship knowledge and policy. - EDI focuses on various aspects of entrepreneurship development like education, microenterprises, performance improvement, clusters, research and more. - Studies show EDI-trained entrepreneurs have higher

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    This document provides an overview of the Entrepreneurship Development Institute of India (EDI) and its role in developing small and medium enterprise entrepreneurship. Some key points: - EDI was established in 1983 to promote entrepreneurship through education, training, research and institution building. It offers programs in entrepreneurship and has established centers in several countries. - EDI's mandate is to develop competent entrepreneurs, increase SME competitiveness, promote business ownership, and contribute to entrepreneurship knowledge and policy. - EDI focuses on various aspects of entrepreneurship development like education, microenterprises, performance improvement, clusters, research and more. - Studies show EDI-trained entrepreneurs have higher

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    21 views24 pages

    EDI ADFIAP Cambodia Presentation Final Dinesh Awasth

    Uploaded by

    priyank2110
    This document provides an overview of the Entrepreneurship Development Institute of India (EDI) and its role in developing small and medium enterprise entrepreneurship. Some key points: - EDI was established in 1983 to promote entrepreneurship through education, training, research and institution building. It offers programs in entrepreneurship and has established centers in several countries. - EDI's mandate is to develop competent entrepreneurs, increase SME competitiveness, promote business ownership, and contribute to entrepreneurship knowledge and policy. - EDI focuses on various aspects of entrepreneurship development like education, microenterprises, performance improvement, clusters, research and more. - Studies show EDI-trained entrepreneurs have higher

    Copyright:

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    of 24

    Welcome to Presentation on: Entrepreneurship Development Institute of India: Its Role in Developing SME Entrepreneurship in: 7th International

    CEO Forum for Chief Executives of Development Finance Institutions


    at:

    Siem Reap (Cambodia)


    by:

    Dr. Dinesh Awasthi


    Director

    Entrepreneurship Development Institute of India


    Ahmedabad

    18th November 2010

    ABOUT EDI A national resource institution committed to promoting entrepreneurs through education, training, research and institution building

    Set up in 1983 by National Financial Institutions viz. IDBI, ICICI, IFCI & SBI
    Recognized as a Centre of Excellence for HRD Research & training by UNESCAP Has established centers in Cambodia, Laos, Myanmar, Saudi Arabia, Vietnam, Sudan and Mozambique. Setting up ED Centers in Uzbekistan and Kazakhstan

    Offers 2-year Post Graduate Diploma in Entrepreneurship, besides a well established distance learning programme in Entrepreneurship Focuses research through its Center for Research in Entrepreneurship Education and Development (CREED)

    EDIs Mandate
    To augment supply of new, competent and globally competitive entrepreneurs through education, training & research To increase competitiveness of SMEs To contribute to the dispersal of business ownership and thus expand social base of entrepreneurial class
    To promote inter-firm cooperation and collaboration to achieve competitive edge through cluster, value chain and local area development To contribute to creation & dissemination of knowledge in entrepreneurial theory & practice and undertake policy advocacy to create a conducive environment wherein SMEs could germinate and grow.

    WE FOCUS ON

    Entrepreneurship Education Livelihood, Micro-enterprise & Micro-finance Development Performance Improvement & Growth of Existing Entrepreneurs ED Organisations and Support System Cluster and value chain development Social Entrepreneurship Women Entrepreneurship Research in Entrepreneurship Education and Development

    WHAT CAUSES ECONOMIC GROWTH?


    Economic growth is effect, entrepreneur is the cause. Entrepreneurs explore opportunities, convert ideas into viable business proposition and provide new products and services to the society by bringing together and combining various factors of production. They change life style of the people.

    WHAT ENTREPRENEURS DO?


    Poverty Alleviation Taxes/Govt. Revenues Higher Productivity & Innovations

    EMPLOYMENT & INCOME GENERATION

    Wealth

    ENTERPRISES

    Output & Exports

    ENTREPRENEURS

    Most resource rich regions the world over are poor and resource poor regions are rich. We call it the resource curse phenomenon Underdevelopment is not because of the lack of natural resources but because of the deficiency in the combining process itself that is undertaken by entrepreneurs Capital and technology are futile till the absorptive capacity of the country is inadequate because of the shortage of skills or of attitude (entrepreneurship) which favor change.

    Sources of Entrepreneurial Supply

    1.
    2.

    Autonomous
    Induced
    -Policy intervention -Training intervention - Provisioning of business development services

    Can Entrepreneurs be created?


    Certainly, as experiences indicate that: 1. 2. 3. 4. There is enormous untapped entrepreneurial potential There are ample unexploited opportunities Once shown, people will respond to opportunities This latent potential enterprise among people could be identified and then developed through appropriate training-cum-counseling interventions and linking the person with a viable business opportunity.

    Despite a large network of banks and

    significant contribution that it makes to


    the economy, the SME start-ups continues

    to remain starved of timely and adequate


    credit, globally.

    Why the Bankers Perceive Credit to Start ups Risky?


    Risk in Opportunity Identification Risk in Commercial Viability Risk in Investment Risk in Financing Risk in Management

    Bankers risk Perception on Entrepreneur, The person behind a Project

    We offer the solution to this vexed issue through strategic NEC Programme by addressing all the above concerns.

    THE EDP INPUTS AND THEIR FOCUS


    FOCUS OBJECTIVES TRAINING INPUTS

    (NEEDS)
    Entrepreneur (Aptitude)
    Enterprise Establishment (Knowledge)

    Reinforcement of Entrepreneurial Traits


    Facilitation of Decision-making Process to Set up New Venture Successful and Profitable Operation of an Enterprise

    Motivation and Behavioural Inputs Business Opportunity Guidance, Information, Project Planning Inputs and Technical Inputs Managerial Inputs

    Enterprise Management (Skills)

    How the Entrepreneurs are Developed?


    Persons in the age group of 18 to 45 years are preferred
    THE EDI PROGRAMME PACKAGE (i) Identifying and selecting those who can be developed as entrepreneurs

    (ii) Developing their entrepreneurial capabilities.


    (iii) Ensuring that each potential entrepreneur has a viable industrial project

    (iv) Equipping them with basic managerial understanding


    (v) Helping them secure financial, infrastructural and related assistance

    PERFORMANCE EVALUATION OF EDPs


    ABOUT 54 PER CENT START UP
    68.21% FIRST GENERATION ENTRANTS 89.70% JOINED EDPS WITH NO OR LITTLE BUSINESS IDEA 29% WERE STUDENTS ANOTHER 25.66% WERE UNEMPLOYED.

    DESPITE THIS
    MORE THAN 91 PER CENT OF THE EDP-LED VENTURES ARE SUCCESSFUL COMPARED 40% INDUSTRIAL SICKNESS AMONG NON-EDP SSIs

    SPENDING OF ONE US DOLLAR ON TRAINING LEADS TO


    MOBILIZATION OF INVESTMENT WORTH US$ 27.56 GENERATION OF OUTPUT WORTH US$ 19.45 IN THE INITIAL YEAR ITSELF IT HAS HELPED IN CREATING FULL-TIME REGULAR EMPLOYMENT FOR APPROXIMATELY 5 PERSONS PER VENTURE AT A COST OF US $ 110 PER PERSON EMPLOYED.

    Performance of EDP Trained v/s Non-Trained Entrepreneurs


    The EDP trained entrepreneurs got significantly higher (156%) return on equity compared to the non-trained group whose RoI was 66%; The capital productivity (capital to output ratio) in the target groups was significantly higher (0.69) compared to the control group (1.47); The annual average growth in investment in the case of trained entrepreneurs (43.54%) was statistically significantly higher than the control group; The average annual growth in sales (57.84%) was significantly higher compared to the control group (35.04%); and, Even the growth in the profits of the trained entrepreneurs was significantly higher (57.84%) than the control groups (35.04%), indicating a more efficient management of resources by the trained entrepreneurs.

    STAGES OF ENTREPRENEURSHIP DEVELOPMENT AND RELATED INTERVENTIONS 1. Emergence stage


    New enterprise creation programmes Rural & Micro Enterprise and Micro Finance Development Programmes Counselling Business Opportunity Guidance Pre-investment studies Succession Planning Business Incubators Group Entrepreneurship Development

    2. Survival Stage
    Thematic Programmes (Finance, Marketing, HR, Technology, Exports, Quality, ISO, Brand Building, etc) Performance Improvement Programmes Counselling

    STAGES OF ENTREPRENEURSHIP DEVELOPMENT AND RELATED INTERVENTIONS

    3. Growth Stage
    Growth Programmes Developing Business Counsellors Developing Small industry Managers Cluster Development Programmes Cluster Development Executives Programme Thematic Programmes

    4. Programmes for Support System


    Business Development Service Providers Entrepreneur Appraisal/Assessment Programme UNIDOs COMFAR based Project Appraisal Programme Project Formulation and Appraisal for Venture Financing Micro Credit Management and Product Development (e.g. Micro Insurance) NGO-Banker Interface Programmes

    Expanse of the Activity


    Nearly 500 organizations in the country follow the
    EDI-EDP approach.

    Taken together, they conduct about 5000


    programmes per year.

    An estimated 125,000 entrepreneurs are thus


    trained every year.

    EDIs INTERNATIONAL CONTRIBUTIONA


    - Institutionalized ED & Investment Promotion In Mozambique Through Setting up of an Investment Advisory Centre (IAC) - IN Bahrain, Set Up Arab Regional Centre for Entrepreneurship & Investment Training.

    - Facilitated setting up of Saudi Entrepreneurship Development Institute (SEDI), Jeddah, Saudi Arabia
    - Selected 4 countries viz., Sudan, Yemen, Mozambique and Lao PDR for New Enterprise Creation and Enterprise Up-gradation

    - European Union supported ENTRIXIE Project: SME Collaboration


    between European Countries (UK, GERMANY & AUSTRIA) and INDIA.

    International Interventions
    2500 professionals from 55 countries trained on project development cycle and various dimensions of Entrepreneurship Development 388 trainers trained for micro enterprise development

    128 NGO professionals trained on micro enterprise & micro finance management and NGO Governance
    10 Asian & African countries supported in ED activity institutionalization

    Developed international partnership promotion with support from European Union

    EDI International Interventions

    contd..

    Initiatives in CLMV Countries (Cambodia, Laos, Myanmar, Vietnam) with the support of Govt. of India & ASEAN Secretariat

    - Trained Resource Persons For NEC - Full-fledged Centers Set Up in 4 Countries.


    Collaboration With ASARIM, Sri Lanka, For Initiating Entrepreneurship And Investment Promotion Activities In Sri Lanka And Maldives SDC Project In GMS Region for Entrepreneurship

    Set Up South Asia Forum For Entrepreneurship Education And Research (SAFEER), in Collaboration with UCSD, San Diego
    Setting up Uzbekistan EDC at Tashkent, shortly

    Categories of Entrepreneurs
    1. Innovators 2. Imitators 3. Fabian 4. Drones

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