empretec and (indian) state governments, mind-maps.pdf

8/12/2019 Empretec and (Indian) state governments, mind-maps.pdf

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EMPRETEC Entrepreneurship

Policy Framework and

Implementation Guidance

Formulate StateEntrepreneurship

Strategy

OptimizeRegulatory

Environment

EnhanceEntrepreneurship

Education andSkills

Development

FacilitateTechnology

Exchange andInnovation

Improve Access toFinance

PromoteAwareness and

Networking

Identify state specific

challenges

Specify goals and setpriorities

Ensure coherence of

entrepreneurship strategywith other policies

Strengthen the

institutional network

Measure results, ensure

policy learning

Highlight the values of

entrepreneurship to

society and address

negative cultural biases

Raise awareness about

entrepreneurship

opportunities

Stimulate private sector-

led initiatives and

strengthen networksamong

entrepreneurs

Improve access to

relevant financial

services on appropriate

terms

Promote funding for

innovation

Build the capacity of

the financial sector to

serve start-ups

Provide financial

literacy training to

entrepreneurs and

encourage responsible

borrowing and lending

Embed

entrepreneurship

informal and

informal education

Develop effectiveentrepreneurship

curricula

Train teachers

Partner with

private sector

Examine regulatory

requirements for

start-ups

Minimize regulatory

hurdles for business

start-ups where

appropriate

Build entrepreneurs'confidence in the

regulatory environment

Guide entrepreneurs

through the start-ups

admnistrative process and

anhance the benefits of

formalization

Support greater

diffusion of ICTs to

the private sector

Promote inter-firm

networks that help

spread technologyand innovation

Build bridges between

public bodies,

research institutions,

institutes and the

private sector

Support high-tech

start-ups

MIND MAP OF KEY ELEMENTS FOR

IMPROVING STATE’S ECONOMIC

HEALTH THROUGH

ENTREPRENEUSHIP

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Formulate State

EntrepreneurshipStrategy

Set up surveys

for assessing

the state

entrepreneurial

environment

Initiate multi-

stakeholder fora to

promote policy

dialogue on

entrepreneurship

Set up a dedicatedpolicy framework

and strategy to

promote

entrepreneurshipObtain clarity about

priorities and types of

entrepreneurship the State

wishes to encourage

Set up specfic

policies in place

to favour start-

ups and SMEs

Set up specific

policies to

ensure transition

to the formal

business sector

Coordinate

entrepreneurshi

p policy with

other states' /

national policy

Identify ministry / agency /

institution championing the

cause of entrepreneurship,

identify ministerial level entity

in charge of coordination of

strategies

Set up

deliberatepolicyto promote

formal

entrepreneurial

activity among

specific groups

of the population

Set up specific

targets or

measurable

objectives to increaseentrepreneurial

activity

Assess the

impact of policy

measures

Support regular

independant

policyevaluations

Incorporate

feedback from

lessons learnt

Set up annual

periodic report

on the state of

entrepreneurshi

p in the state

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Optimize Regulatory

Environment

Offer mechanisms

to make contract

enforcement

easier and faster

Allow bankruptcy

laws to allow

business restarts

Set up regular public-

private dialogue on

regulatory costs and

benefits in place

Introduce

alternative dispute

resolution

mechanisms

Set up special

provisions for social

entrepreneurship

Ensure transparency

in business

establishment

procedures. Ensure

business regulations

availability online;

tutorials for start-ups; information on

business regulations

available to

disadvantaged

groups

Assess process of

starting business.Benchmark time and

cost. Obtain good

overview of sector-

and region-specific

regulations

Offer services to

assist start-ups in

meeting regulatory

requirements

Initiate process of

weeding out

unnecessaryregulations

Set up fast trackmechanisms and

one-stop shops to

bundle procedures.

Encourage ICT

based administrative

procedures


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Enhance

Entrepreneurship

Education and Skills

Development

Have provisions of

specific training and

incentives for

teachers

Ensure curriculum designers

develop local case studies

and entrepreneurship course

materials to be used in the

classroom

Ensure that policies

recognize specific needs

of youth, women and

other target groups

Ensure entrepreneurship is

explicitly recognized as an

objective of the national

curricula for vocational,

technical and commercial

school of secondary level

Ensure entrepreneurship training

programmes take place outside

formal education system; that theyrecognize low-literacy groups and

those in rural areas

Promote extra-curricular

entrepreneurial activity

(e.g., student activities,

business plan

competitions, business

development programmes,etc.)

Introduce

entrepreneurship as

a subject in state

curricula

Encourage academic

institutions and support them in

providing training, counselling

and diagnostic advisory

services to early-stage

entrepreneurs

Ensure that policies

pomote key

entrepreneurship

skills training in

schools, including

both attitudes and

enabling skills

Introduce interactive

and experience-based

teaching approaches in

educational system

Encourage schools to engage

with business practitioners and

local entrepreneurs

Establish / augment state,

regional level

entrepreneurship

educators’ networks to

facilitate the application of

programmes

Leverage privatesector funding for

entrepreneurship

education

Ensure mentoring andcoaching skills availability

to develop entrepreneurs’

skill-sets


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Provide Access to

Finance

Encourage banks

accept intellectual

property rights as

collateral

Provide appropriate

supervision and regulation to

prevent unsustainable lending

Set up public-private

funds for entrepreneurs

Set up / periodically review a

financial charter for the state

Promote FDI to broaden access to

finance for local entrepreneurs

Set up formal courses on

financial literacy designed

and available to MSMEs

Augment measures

to encourage

financial institutions

to lend to start-ups

and SMEs

Encourage development-

oriented funds to invest in seedcapital and small firms

Consider bank (and

other) financial sector

reporting of lending

by size of firm

Encourage factoring

and leasing schemes

Set up incentives for venture

capital and the development of

networks of business mentors

or supporters, including

business angel networks

Ensure availability of

training to lenders to

design ways to expand

lending activities to SMEs

and entrepreneurs

Adopt financial serviceprovision through post

offices and other ‘proximity

lenders’; encourage new

banking technologies (e.g.,

mobile phone banking)

Take steps to improve

access to finance for

target groups (minorities,

youth, women,

immigrants, expatriates,

those in rural areas)

Set up / promote the utility

of credit bureaus


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Promote Awareness and

Networking

Take part in global

entrepreneurship

awareness initiatives

such as the Global

Entrepreneurship Week

Engage in public-private

partnerships to organize

entrepreneurshipawareness activities such

as entrepreneurship-

awareness fairs or

entrepreneurship fora

Set up regular public-

private dialogue on

regulatory costs and

benefits in place

Take measures within

the public sector to

raise awareness of

entrepreneurship issues

with officials

Set up measures to

engage with

international diaspora

Support competition,

awards or similar events

to publicly recognize

entrepreneurs

Carry out campaigns to

promote entrepreneurship

Offer services to

assist start-ups

in meeting

regulatory

requirements

Ensure that policymakers

communicate their support

for entrepreneurship in

speeches, and communicate

the link betweenentrepreneurship and

economic development

Support

networks of

entrepreneurs

and business

leaders

Support competition,

awards or similar events

to publicly recognize

entrepreneurs

Encourage and recognize

Corporate Social

Responsibility

Set up information platforms

on entrepreneurship and

trade opportunities

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