It was established in 1983 by the Government of India. It is an apex body to supervise the activities of various agencies in the entrepreneurial development programmes. It is a society under Government of India Society Act of 1860.The major activities of institute are:
i) To make effective strategies and methods
ii) To standardize model syllabus for training
iii) To develop training aids, tools and manuals
iv) To conduct workshops, seminars and conferences.
v) To evaluate the benefits of EDPs and promote the process of Entrepreneurial Development.
vi) To help support government and other agencies in executing entrepreneur development programmes.
vii) To undertake research and development in the field of EDPs.
The main objective of the National Entrepreneurship Development Board (NEDB) is promotion of entrepreneurship for encouraging self-employment in small scale industries and small business.
Salient Features:
(i) To identify and remove entry barriers for potential entrepreneurs (first generation and new entrepreneurs) including study on entrepreneurship development.
(ii) To focus on existing entrepreneurs in micro, tiny and small sectors and identify and remove constraints to survival, growth and continuously improve performance.
(iii) To facilitate the consolidation, growth and diversification of existing entrepreneurial ventures in all possible ways.
(iv) To support skill up gradation and renewal of learning processes among practicing entrepreneurs and managers of micro, tiny, small and medium enterprises.
(v) To support agencies in the area of entrepreneurship about the current requirement of growth.
(vi) To act as a catalyst to institutionalize entrepreneurship development by supporting and strengthening state level institutions for entrepreneurship development as most entrepreneurship related activities take place at the grass root level and removing various constraints to their effective functioning.
(vii) Setting up of incubators by entrepreneurship development institutions and other organizations devoted to the promotion of entrepreneurship development.
Entrepreneurship Development Institute (EDI)
Entrepreneurship Development Institute of India (EDI), an autonomous and not-for-profit institute, set up in 1983, is sponsored by apex financial institutions – the IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd. and the State Bank of India (SBI). EDI has helped set up twelve state-level exclusive entrepreneurship development centers and institutes. One of the satisfying achievements, however, was taking entrepreneurship to a large number of schools, colleges, science and technology institutions and management schools in several states by including entrepreneurship inputs in their curricula. In the international arena, efforts to develop entrepreneurship by way of sharing resources and organizing training programmes, have helped EDI earn accolades and support from the World Bank, Commonwealth Secretariat, UNIDO, ILO, British Council, Ford Foundation, European Union, ASEAN Secretariat and several other renowned agencies. EDI has also set up Entrepreneurship Development Centres in Cambodia, Lao PDR, Myanmar and Vietnam and is in the process of setting up such centers in Uzbekistan and five African countries.
Currently focusing on:
(1) Entrepreneurship education and research;
(2) Micro-enterprises, micro-finance and sustainable livelihood;
(3) SMEs and business development services;
(4) Cluster competitiveness, growth and technology;
(5) Social entrepreneurship and CSR and
(6) Women entrepreneurship and gender studies.
In the near future, EDII will focus on creating and assisting more start-ups with emphasis on innovation, technology and global competitiveness. EDII has set up its own Technology Business Incubator named as the Centre for Advancing and Launching Enterprises (CrAdLE).
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