Entrepreneurship Development Institute of India (EDII), Ahmedabad, an acclaimed International Resource Centre in entrepreneurship education, training, research and institution building. has launched a new course, ‘PGDM in Innovation, Entrepreneurship & Venture Development (IEV)’ which is aimed at innovative leadership, financial skills for entrepreneurs and business innovation planning.
The AICTE-approved two-year full-time programme will provide the necessary knowledge and skills for the development of ideas into sustainable business opportunities. The course has been designed keeping in mind the start-up revolution in India and globally.
EDII also offers the two-year flagship programme PGDM-Business Entrepreneurship, which is an innovative milestone-based learning initiative where every student can build their new enterprise step by step while studying at EDII. During this course, learning is also imparted on leveraging the strengths of family business management and successfully implementing practices that drive high performance, shareholder loyalty and healthy family relationships.
Commenting on the launch of the new programme, Dr. Sunil Shukla, Director-General, EDII, said, ‘Indian entrepreneurs face two major challenges in scaling up their ventures. First is raising funds at reasonable cost and second is navigating the complexities of innovation in the product or service offering. Hence, the new course focuses on both these aspects in detail and aims to facilitate the management of innovation and venture development from foundation to advanced stages.”
Dr. Shukla further stated that start-ups in their early years have very limited resources to raise funds as Private Equity and Venture Capital enter at much later stage. “However, most of the start-ups; despite good business models, fail because they are unable to raise angel capital. This programme will develop financial skills of entrepreneurs and help them in applying their entrepreneurial skills in real-life situations. For the first time we are combining our academic and business incubation expertise to provide a holistic course layout,” he added.
Spread over four semesters, the programme also includes residency learning module as well as venture establishment phase at the Institute’s technology business incubator ‘Centre for Advancing & Launching Enterprises (CrAdLE)’.
EDII, which is 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).