Entrepreneurship Development Institute of India (EDII), Ahmedabad is a leading management institute in grooming first generation entrepreneurs and family business successors. EDII is the front runner in offering management programmes in Entrepreneurship and has achieved its vision of becoming a national resource centre in entrepreneurship.
EDII was set up in 1983 as an autonomous body by IDBI, IFCI, ICICI and SBI, with support from Govt of Gujarat. It offers PGDM in Business Entrepreneurship, a unique program which offers all that a good PGDM program could offer, and a lot more.
EDI has successfully carried out the prestigious task assigned by the Ministry of External Affairs, Govt. of India, to set up Entrepreneurship Development Centres in Cambodia, Lao PDR, Myanmar, Vietnam apart from setting up twelve state-level exclusive entrepreneurship development centres and institutes. Top executives of apex financial institutions are on the Board of Governors of EDI.
Dr Sunil Shukla, Director of EDII shares that the institute has successfully been creating more entrepreneurs than job seekers in the country and is contributing to the initiatives like ‘Start Up India’ and ‘Make in India.’
MBAUniverse.com spoke to Dr Sunil Shukla to learn more about the EDII and its unique PGDM program.
Dr Shukla has been associated with the institution for a long time and is also the national team leader of Global Entrepreneurship Monitor (GEM) India, the largest study of entrepreneurial dynamics. His entrepreneurship growth model for the Greater Mekong Subregion (GMS) countries has been recognized for ensuing development and trade in the region.
Excerpts of the Interview are shared below:
PGDM at EDII is known for its different approach in imparting management education, how is the PGDM at the institute different as compared to other B-schools?
EDII offers two AICTE approved 2-year Post Graduate Diploma in Management Programmes. One is in the Business Entrepreneurship (PGDM-BE) and the other is in Development Studies (PGDM-DS).
The PGDM-BE offers specializations in New Venture Creation and Family Business Management. This course follows an outcome based learning approach. The course also offers electives which imparts knowledge on creating and managing business, enhances knowledge in the functional areas of marketing, finance, international business, HRM, information system and language and communication.
At the completion of the course students are ready with a bankable project report. EDII also extends the necessary follow up support to ensure that the students have a sound and bankable business plan as per their identified business opportunity. Students of Family Business Management are ready with a Five Year Perspective Growth Plan.
The PGDM – DS is specially designed to enhance leadership skills and competencies to develop and implement strategies that enable professionals to work in development sector organisations or set up their own social enterprises. This course is a multidisciplinary branch of social science which EDII has combined with Entrepreneurship and Management to ensure social transformation and grassroots entrepreneurship.
Please share the key USPs of PGDM – BE
Initiatives are taken in PGDM (BE) programme to boost the vision of ‘Start-Up India’; ‘Make in India.’ Key initiatives are - EDII Launchpad which enables student entrepreneurs to work individually or in a team to gain entrepreneurial experience and understand the market pressures and demands in the early stage of start-ups. Another initiative is EDII Gurukul. It has been launched to provide mentoring and networking support to students and professionals who are passionate about starting new ventures.
EDII has introduced Milestone Based Learning to enable students to achieve stepping stones in their entrepreneurial journey. The students can undertake this while still pursuing their course at EDII. The Institute also provides seed funding to successful milestone bonus point achievers for setting up new ventures.
What are the USPs of PGDM (DS) Programme?
PGDM (Development Studies) focuses on building a cadre of new generation development professionals with required knowledge, competence, orientation and values. It builds expertise for promotion of solutions in the areas of Microenterprise, Micro finance, Livelihood promotion, Women entrepreneurship, Group entrepreneurship, Social Enterprises and Corporate Social Responsibility.
The programme offers rewarding careers with focus on overall economic development with inclusive growth; Sustainable and environment friendly solutions; Governance and Use of technology for development.
Which are the other management programmes available at EDII for Freshers?
Apart from PGDM (BE) and PGDM (DS), EDII offers either short duration or long duration management programmes for various target groups under the verticals of Entrepreneurship Education, Developing Economy Engagement, Business Development Services & National Outreach, Policy Advocacy, Knowledge and Research and Projects.
What have been the key milestones achieved by EDII in the 35 years of journey?
EDII achieved its vision of becoming a national resource centre in entrepreneurship by pioneering many newer activities such as, developing Post Graduate programs focussing on entrepreneurship education, training and research, setting up of centres and entrepreneurship development institutions both within and outside the country, publication of a journal, and so on. To arrive at interventions, EDII has always scanned the environment, conducted a comprehensive research and subsequently devised strategy.
Some of the notable achievements of EDII are that it has evolved the Entrepreneurship Development Programme (EDP) Model, widely being implemented as EDI-EDP Model at national & international levels.
The research on 'Review of Entrepreneurship Curricula in Higher Learning Institutions' helped University Grants Commission, Govt. of India in developing entrepreneurship curriculum for college level education.
Ministry of SSI & ARI, Govt. of India are framing policy to establish Entrepreneurship and Business Development Centres in Universities with the help of research on 'Entry Barriers to Entrepreneurship: As Perceived by Youth’ conducted at EDII.
EDII has launched the first-of-its-kind structured educational programme to train students in New Enterprise Creation and Family Business Management which is recognized by AICTE, AIU, NBA and USASBE-USA
EDII has introduced the industrial cluster development model (including cluster development executives' concept) leading to formulation of cluster development scheme.
EDII has designed an integrated nationally replicable programme for start-ups (Village Entrepreneurship). The Start-up Village Entrepreneurship Programme adopts creation of MCBs as one of its instruments.
The institute has played a key role in floating the concept of Rural Self Employment Training Institutes (RSETIs) to yield tangible results across the country. RSETIs have widespread national presence.
EDII has also pioneered the study on Business Development Services (BDS) market in India, giving recognition to the BDS market development approach in the country. The institute has introduced the concept of urban poverty alleviation based on enterprise and entrepreneurship.
The institute has formulated policy level interventions for institutionalizing entrepreneurship development in Cambodia, Laos, Myanmar and Vietnam and the work in a few other countries is going on.
EDII instituted the first ever project to sensitize/train Business Management Organizations. State governments are now replicating the project with success. It has also established a DST supported ‘Technology Business Incubator’
It has been 3 years since you have taken over as Director of EDII – how has the journey been and what is your vision for EDII?
Year after year, EDII has reviewed and reframed its strategies to match the demands of the market and to widespread entrepreneurship. Presently with changes in the external environment in favour of entrepreneurship and the initiatives like ‘Start Up India’, ‘Make in India’ are emerging, EDII has revisited its verticals and policies, and has strategized to match pace with the changing entrepreneurship landscape.
While the journey has been professionally satisfying, we now intend to give a stronger boost to the start-up wave by intermediating creatively among stakeholders such as; new age potential entrepreneurs, existing entrepreneurs, incubation centres, and venture capitalists. A sound action plan has been developed. This will help us extend an array of business support services and resources and thus accelerate the process of New Enterprise Creation.
Alongside manufacturing, our focus will remain equally resilient on promoting the services sector. While Entrepreneurship Education Programmes will receive emphasis; our efforts will also be suitably aligned to cater to the requirements of the MSME sector in rural and urban locales, leading to skill based enterprises.
Social Entrepreneurship, as an area is also witnessing rapid rise, and with its experience and expertise in the field, EDII will venture into it in a big way. Entrepreneurship per se will be majorly institutionalized across India and internationally too.
What are the Entrepreneurship Initiatives recently taken at EDII?
A landmark achievement has been the setting up of Technology Business Incubator, which is ensuring germination & nurturing of innovative technology based start-ups.
In keeping with the mission of Skilled India, Prosperous India, EDII carried out Skill Development Programmes wherein it trained youths including a sizeable number of women in different trades in Karnali Group Panchayat. The Institute also trained people associated with different aspects of Gujarat Tourism Sector to strengthen this sector.
Research has been focussed upon with EDII leading the GEM India Survey (Global Entrepreneurship Monitor is the most prestigious entrepreneurial survey in the World). GEM India Report 2015-16 has been published and was inaugurated recently.
Landmark project, the Start-up Village Entrepreneurship Programme sponsored by Ministry of Rural Development, was launched at the national level and envisages creation of sustainable self-employment opportunities for a large number of rural youth, thus enabling them to engage with the market and generate wealth locally.
‘Skills to Succeed 2020 Goal’ is a project under which EDII is organizing Micro Enterprise Development Programmes (MEDPs) in five southern states of the country to develop micro entrepreneurs among the rural youth.
EDII has been appointed as the Anchor Institute by the Govt. of Gujarat for promoting start ups in the state.
How are the career prospects and placements at EDII for the students? What are the key trends?
EDII’s Post Graduate Diploma in Management - Business Entrepreneurship (PGDM-BE) is offered with the objective of creating first generation entrepreneurs or developing family business successors.
PGDM-BE at EDII develops an individual to constantly analyze opportunities, take initiatives based on calculated risks to seize them with confidence. They are trained in creating, developing and nurturing an enterprise by imparting knowledge on procedures, formalities, legal aspects, markets, business environment, skills of managing people, money, material, market.
The success rate of the programme can be inferred from the fact that 78 percent of our alumni have chosen entrepreneurial career path and have chartered a growth path for their family businesses as well as have created new ventures in diverse fields including manufacturing, trading and service sector.
EDII alumni with their intrapreneurial skills have reached at senior positions in reputed organizations such as Kotak Securities, Plum Slice Labs, Patni Computers (IGATE), Eco Lab, Donear India Limited, DS Group, AC Nielson, Standard Chartered Bank etc.
The Post Graduate Diploma in Management – Development Studies (PGDM – DS) has 100% placement record. Our alumni network is well placed across national and international organisations that include UN organizations, World Bank, AKRSP, FWWB, NRLM, SEWA, CII, Azim Premji Foundation, Aga khan Rural Support Programme, Selco, Utthan, Chetna, IDBI Ltd, HDFC Bank, Unnati, GLPC, State mission units of NRLM among others.
What is the admission process at EDII? Who is an ideal candidate for admission?
The eligibility criteria include a Three-year University Degree in any discipline or a four year degree in Engineering / Technology / Medicine / Others, recognized by the University Grants Commission (UGC)/ Association of Indian Universities (AIU) / AICTE with necessary marks.
The candidates have to undergo either CAT, MAT, XAT, ATMA or CMAT. PIOs/NRIs/FNs with Association of Indian Universities recognised bachelor’s degree and 50% marks in any discipline can apply.
An ideal candidate is the one who fulfils the above requirements and harbours a passion for entrepreneurship.
Are you planning to launch new management programmes at EDII? Please share details
Yes in the coming year, we plan to launch new academic programmes and are also in the process of introducing major changes in curriculum. We would share the details once things are finalized.
What is your message to the candidates seeking admission to EDII?
I guess to all wannabe entrepreneurs I would say – ‘let your dreams soar and see what others are unable to see. But before taking the plunge, be prepared. See that you have an ethical business mindset, knowledge and competencies of an entrepreneur. EDII is always there for you. Post Graduate Diploma in Management - Business Entrepreneurship ensures that at the end of two years you are ready with a bankable project report. It extends the necessary follow up and support to ensure that it is as per your identified business opportunity. Students of Family Business Management are ready with a Five Year Perspective Growth Plan. So the students are prepared in every way to be successful as entrepreneurs.’ So if entrepreneurship is your passion, go for it.
EDII has provided assistance to more than 70 countries in their Entrepreneurship Development projects. After completion of their MBA in Entrepreneurship EDI students prefer launching their own ventures instead of participating in placement process. EDI grooms the entrepreneurship among its students through well-conceived and well-directed activities as is evident from the fact that very few students at EDI participate in the placement process although 45-50 companies line-up to make offers to the EDII students.
Stay tuned to MBAUniverse.com for more updates on EDII Ahmedabad
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