ENTREPRENEURSHIP DEVELOPMENT PROGRAMME

Entrepreneurship Development Program covers the entire venture creation process, from idea generation to building viable global businesses, with special emphasis on the nurturing roles of corporations, universities, governments, and foundations. Using entrepreneurial culture as a model, participants learn what they need to know in order to develop ideas into successful businesses and to increase entrepreneurial opportunities in their corporations, institutions, and regions.

Entrepreneurship Development Programmes:

Entrepreneurship Development Programmes EDPs offered both by Govt. organisations and NGOs Initially Small Industries Extension and Training Institute (SIET), Hyderabad selected 52 young persons in 1971 from business and industrial community

Objectives:
Develop and strengthen entrepreneurial quality Analyze environmental set up relating to small industry and small business Select product Formulate project Understand the process and procedures Know the sources of help and support Acquire necessary managerial skills Know the pros and cons in becoming entrepreneur

Focus of EDP
EDPs should help develop latent facilities of those who possess the potential of becoming entrepreneurs. Understanding the type of input that are required by a group of entrepreneurs should be understood clearly & the training program tailored accordingly. Training be not only to set up an industrial venture but also to enable the trainees to run it successfully.

 The focus should be on the persons rather than on the project. These programs should be conducted in place where necessary infrastructure for training is available. One of the objective of training should be on changing the attitude & mindset of young people from security oriented activities to risk taking activities.

Institutions for EDP

National Institute for Entrepreneurship & Small Business Development (NIESBUD) Entrepreneurship Development Institute of India (EDII) National Institute for Small Industry Extension and Training(NISIET) EDP s of SIDBI

THE NATIONAL INSTITUTE FOR ENTREPRENEURSHIP AND SMALL BUSINESS DEVELOPMENT (Niesbud) The need for an apex body to co-ordinate the training programmes of various centers and organisations in the country. To train a large number of trainers and motivators in ED. To prepare model syllabuses of training for various target groups and areas, etc.., NIESBUD is Delhi based , a Govt of India organization. It oversees activities of various institutions and agencies engaged in ED, particularly in small industry and small business.

Entrepreneurship development institute of India (edii) :

Entrepreneurship development institute of India (edii) EDII, Ahmadabad is an autonomous non-profit institution, set up in 1983. Sponsored by: IDBI, IFCI, ICICI, and SBI Govt of Gujarat has also provided assistance for the setting up of EDII.

 National Alliance for Young Entrepreneurs (NAYE) Technical Consultancy Organisations (TCOs) The National Entrepreneurship Development Board (NEDB) The National Science and Technology Entrepreneurship Development Board (NSTEDB) The National Institute of Small Industry Extension Training (NISIET) SIDBI, Banks

Problems:
Poor training faculty Selection of wrong trainee Lack of commitment from organizers Lack of follow up Lack of support Emphasis on quantity not on quality

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