unit 3 grou 4
TRANSCRIPT
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PRESENTATION ON THE
DIFFERENT TOPIC OF UNIT III
SUBMITTED BY: GROUP IV
RANJEET KUMAR
SHUDHANSHU SETHI
RAVI RAJORIA
UMMED SINGHSOURABH JAIN
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NEW VENTURE CREATION
SELECTION OF LOCATION ,ARRANGING INFRASTRUCTURE
AND FACILITIES
DIFFERENT NEED BASED RESOURCES
BUSINESS OWNERSHIP
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BUSINESS LOCATION
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BUSINESS LOCATION
In general a business will look to locate itsactivities where the costsof production are minimised
The nature of the businesswill heavily influence location decisions: Type and nature of market
Type of business production of goodsor services, retail, wholesale?
Sector primary, secondary, tertiary, quaternary?
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QUANTITATIVE FACTORS
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QUANTITATIVE FACTORS
Factors that can be measured using quantitative
techniques:
Decision trees
Investment appraisal
Critical Path Analysis, etc.
Generally associated with the costs of production:
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LOCATION
Some businesses have little
choice where they locate a
coal mine has to be near a
source of coal but
transporting the coal to where
it is needed can be expensive
Image copyright: Joshua Argeliss, http://www.sxc.hu
Others may depend insome cases on specificlocations in busycity shopping areas,for example but couldhave a virtual locationthrough developments intechnology
http://www.sxc.hu/browse.phtml?f=download&id=105379 -
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QUALITATIVE FACTORS
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QUALITATIVE FACTORS
Factors that cannot be quantified but which mayhave a significant impact on the location decision
May influence the long term outcome of the locationdecision
Need to consider impact on and response fromstakeholders in the business
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INTERNATIONAL LOCATION
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RESOURCESFOR START-UP VENTURES
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Business Formation TeamThe Business Formation team is group of people,entrepreneurs or investors who are interested to startthe new entrepreneurial venture with common goal .
Other Funding ResourcesSeveral outside resources to assist with funds to ensurea robust development program for new ventureconcepts.
Catalyst Resource NetworkThe functionality ofCatalyst Resource Network is toprovide a worldwide network of advisors, volunteers,consultants, management candidates and students forthe talent needs for technologies and start-up venturesand other assistance.
http://www.techtransfer.umich.edu/resources/venturecenter/startups.phphttp://www.techtransfer.umich.edu/resources/venturecenter/funding_resources.phphttp://www.techtransfer.umich.edu/resources/venturecenter/catalyst.phphttp://www.techtransfer.umich.edu/resources/venturecenter/catalyst.phphttp://www.techtransfer.umich.edu/resources/venturecenter/catalyst.phphttp://www.techtransfer.umich.edu/resources/venturecenter/catalyst.phphttp://www.techtransfer.umich.edu/resources/venturecenter/catalyst.phphttp://www.techtransfer.umich.edu/resources/venturecenter/funding_resources.phphttp://www.techtransfer.umich.edu/resources/venturecenter/startups.php -
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BUSINESS OWNERSHIP
Legal Forms of
Business
Sole Proprietorships Partnerships Corporations
General Partnership
Limited Partnership
Master Limited
Partnership
Regular Corporation
Subchapter SCorporation
(S-Corporation)
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SOLE PROPRIETORSHIPS
Business owned (and usually operated) by oneperson
Simplest form of business ownership
Most popular form of business organization
72.2% of all Most common in:
Retailing
Service
Agriculture
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SOLE PROPRIETORSHIP --
ADVANTAGES
Ease of Startup
Little legal documentation
No co-owners to consult
Least expensive to start
Pride of Ownership
Retention of profits
Flexibility
No Business Income Tax
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SOLE PROPRIETORSHIP --
DISADVANTAGES
Unlimited Liability
Limited Life Business ends when owner leavesthe business
Limited Access to Start-up Capital
Limited Access to Credit
Limited Management Expertise
Difficulty in Hiring Employees
Proprietor not considered an employee
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PARTNERSHIPS
Two or more owners
Least numerous form 7.7% of all businesses
Partnership Agreement
Specifies rights and obligations of partners If written, called the Articles of Partnership (Articles of
Co-partnership)
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PARTNERSHIP -- ADVANTAGES
Greater Access to Capital
Greater Access to Credit
Retention of Profits
More Management Expertise No Business Income Tax
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PARTNERSHIP -- DISADVANTAGES
Shared Profits
Unlimited Liability for General Partners
Each partner has Agency power
Limited Life Business ends when any partner withdraws
Management Disagreements
Frozen Investment
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TYPESOF PARTNERS
General Partner
Unlimited Liability
Assumes Management Role
Limited Partner
Liability limited to Investment
May not take active managerial role
Every partnership must have at least one general
partner
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TYPESOF PARTNERS
General Partnership
All partners are general partners
Limited Partnership
One or more limited partners
Master Limited Partnership
Owned & managed like a corporation
Taxed like a partnership
Shares may be sold
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CORPORATIONS
Generally larger than other forms (Except
for S-Corporation)
20.1% of all U.S. Businesses
Account for 87.1% of all U.S. Business IncomeConsidered a separate legal entity
Owners called Stockholders or Shareholders
Ownership evidenced by Stock Certificate
Governed by Board of Directors
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CORPORATIONS -- ADVANTAGES
Limited Liability
Ease of Ownership Transfer
Unlimited Life
Greater Access to Capital Specialized Management Expertise
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CORPORATIONS -- DISADVANTAGES
More difficult & costly to form
Requires a Corporate Charter
Subject to greater governmental scrutiny
Diluted earnings Double taxation
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Owners/
Stockholders/
Shareholders
Chief Executive
Officer (CEO)
Board of Directors
President
Senior
Vice President
Vice President
Finance
Vice President
Production
Vice President
Marketing
Vice President
Human Resources
ORGANIZATIONAL CHART
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TYPESOF CORPORATIONS
Government-Owned Corporation aka Public Corporation
Owned & operated by government
Post office, NASA, FDIC
Quasi-Government Corporation Aka Quasi-Public Corporation
Privately owned, government controlledmonopoly
Public utilities, Fannie Mae, Freddie Mac, SallieMae
Private Corporation Owned by individuals or other companies
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TYPESOF CORPORATIONS
Not-For-Profit Corporation Organized to provide a social, educational,
religious, or other service
Habitat for Humanity, Red Cross
For-Profit CorporationClosed Corporation
Stock owned by relatively few people
Stock not sold to general public
Open Corporation Stock is bought and sold on security exchanges
Can be purchased by any individual
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GOVERNMENT SUPPORTTO
ENTREPRENEURSHIP
(1) To provide information on regulation standard taxation, customs duties,
marketing issues
(2) To advice on business planning, marketing and accountancy, quality
control and assurance
(3) To create incubator units and space for business beginner and
innovators
(4) To help in looking for partners
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OTHERASSISTANCETOPROMOTE
ENTREPRENEURSHIP
Training assistance- government provides technical and
non technical training through central and state
institutions Marketing assistance- there are governmental and non-
governmental specialised agencies which provides
marketing assistance
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Promotional schemes- government accords the
highest preference to development of MSME by
framing and implementing suitable policies and
promotional schemes
Concession on excise duty- a turn over of 1 crore orless per year has been exempted from payment of
excise duty
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Credit facility credit to micro, small and medium
scale sector has been covered under priority sector
leading by bank small industrial development bank
of India (SIDBI) has been established as the apex
institution for financing the MSME
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POLICIESANDSCHEMESFORPROMOTIONOF
ENTREPRENEURSHIPBYSTATEGOVERNMENTS
Development and management of industrial estates
Suspension/deferment of sales tax
Power subsidies
Capital investment subsidies for new unit set up in a
particular district
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Seed capital/margin money assistance schemes
Priority in allotment of power connection, water
connection
Consultancy and technical support
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INCENTIVESFORSETTINGUPBUSINESSIN
BACKWARDAREAS
The governments of India as well as several state
governments provides several benefits and incentives to
promote industrialisation of backward area both the
central and state governments share the cost of some of
the incentives provided
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SOMEOFINCENTIVEOFFEREDARE
Transportation subsidies to promote industries in
that area which are not easily accessible
A subsidy at the rate of 15% of the investment
amount in plant machinery
A subsidy for interest relief is also provided at a rate
of 3% for new industrial units in some areas
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PRESENTATIONONLICENSING
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Licensing
It is a contractual agreement between two business
entities whereby the licensor (selling firm) allows thelicensee (the buying firm) to use its
Technology- Patents
- Trademarks-Designs- Processes- Intellectual property
in exchange for a fee or a royalty.
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DEFINITIONS:
According to Andrew Wakefield the transfer of rights to manufacture ormarket a particular product to another individual or organization through alegal arrangement or contract. Itusually requires that a fee, commission,or royalty is paid to the licensor.
According to pat upon licensing is a practice of allowing a manufacturer toaffix the idea ,character , design , or other representation owned byanother to his product.
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OBJECTIVES:
The major objective of licensing system is to give effect to the industrialpolicy of the government.
To protect and promote small scale sector.
To regulate foreign capital and technology.
To maintain a proper demand-supply balance.
To encourage exports and the substitution of imports.
To conserve foreign exchange.
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LISTOFINDUSTRIESINWHICHLICENSINGISCOMPULSORY
1. Coal and lignite.
2. Petroleum(refined) and its distillation products.
3. Distillation and brewing of alcoholic drinks.
4. Cigars and cigarettes of tobacco and manufactured tobacco substitutes.
5. Electronic aerospace and defence equipment of all types.
6. Industrial explosives including detonating fuse, safety fuse ,gun power,nitrocellulose and machines.
7. Hazardous chemicals.
8. Drugs and pharmaceuticals.
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Reasons for Licensing - licensors (sellers) Point of View
1. Lack capital, management resources, market knowledge to exploit directly byexport or FDI, so license to a local firm
2. Use licensing as a way to test the market (but is this unfair to local licensee?)
3. We can get money for an invention or technology which is outside our corecompetence
4. Local market may be too small - problem of economies of scale
5. Possible high rate of obsolescence / short product life cycle for new technologymaximize scope for exploitation
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The Benefits of Licensing for Licensors
The key benefit for a licensor is the ability to exploit and enhance its brand orproperty. Licensing can do this by:
1. Increasing its brand presence at retail or distribution outlet
2. Creating further brand awareness to support its core products orservices
3. Supporting and enhancing its core values by associations with the
licensed products/service or category (e.g. association with a healthyfood or with a cutting edge mode of fashion)
4. Entering new markets (consumer or geographical) which were unfeasiblewith its own resources or capabilities
5. Generating new revenue streams, often with little involvement or
additional financial or other resource implications
Th B fit f Li i f Li
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The Benefits of Licensing for Licensees
The key benefit for a licensee (especially manufacturer or retailer) is the ability tosignificantly increase consumer interest in and sales of its products or services.Licensing can do this by:
1. Transferring the values and consumer favour towards the property to thelicensed product or service
2. Providing added value and differentiation from competitive offerings
3. Providing additional marketing support or momentum from the corepropertys activity provided by the licensor
4.Giving credibility for moving into new market sectors through productextension
5. Gaining additional retail space and favour
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Major Elements of a License Agreement
1. Covers the financial arrangement between the two parties.
2. Establishes the time frame of the deal.
3. Address the issue of quality.
4. Which party maintains control of copyrights, patents, or trademarks.
5. Specify how disputes will be resolved in which court.
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DIFFERENT BODIES
UNDER
ENTREPRENEUREDEVELOPMENT
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ESTABLISHED:- 1955
MISSION :- PROMOTING AIDING AND FOSTERING THE
GROWTH OF MICRO, SMALL & MEDIUM
ENTERPRISES (MSMES) IN THE COUNTRY.
SELF-EMPLOYMENT OPPORTUNITIES
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OBJECTIVES
Collect and disseminate marketing intelligence
Database of Bulk Buyers (Product wise) Buyers in Government/ Public Sector Undertakings.
Database of Rate Contracts of various Government Department
and PSUs.
Information on Tenders Floated by Government Departmentand PSUs.
Database of Indian Exporters to various Countries with
Products.
Database of International Buyers with Products.
Database of Technology Suppliers & Projects for MSMEs
List of Micro & Small Enterprises registered with NSIC for
Government
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Up gradation of technology,
Quality consciousness,
Strengthening linkages. wide network of
123 offices and Technical Centres in the country.
48 Training-cum-Incubation,
NSIC operates from its office in Johannesburg, South Africafor african nations.
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OPPORTUNITIES FOR
Bulk buyers in Government / Public & Private Sector
Exporters
International Buyers
Technology Suppliers Units registered with NSIC under Single Point
Registration Schemes
U
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UNIQUEFACILITIES
Bank credit facilitationscheme
Performance & credit ratingscheme
. Techmart India-InternationalTechnology Exposition
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NSIC TRAINING-CUM- INCUBATION CENTRE
(NSIC-TIC)
It is based on PPP model
Business plan scrutinize by
expert committee
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TECHMART 2012 PRAGATIMAIDAN
Machine & Machine Tool
Bio Technology
Information Technology
Textile/Packaging machine
Industrial Products Pharmaceutical & Chemicals
Low Cost Building Technologies/Materials
Leather & Leather products
Auto Components Glass & Ceramics
Electricals & Electronics
Agro & Food Processing
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RECOGNITIONS
Icon of the year Award
Meri Dilli Award:
Small Business Mentor of the Year Award:
FSIA
V.B. Gulati Award Mini Ratna
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Government of India - Ministry of MSME
Established in the year 1954
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VISION
Enhance the competitiveness of the existing enterprises
Contribute towards sustainably establishing more
number of potential enterprises
Accelerate the employment generation
Contribute towards economic growth
Provide highly skilled Man Power to industries
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STRATEGY
Appropriate adoption of EDP
Model
Joint screening and selection ofcandidates
Selection of appropriate project
Providing hand holding
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MENTORING & SERVICES
Financial and marketing support services
Entrepreneur Skill Development Programme
Entrepreneur Development programme (EDP)
Online Provisional SSI Registration
Buyer Seller Meet(BSM) Feasibility Reports
Industrial Potential Survey Reports
Marketing Assistance
Seminars, Awareness, Workshop Technical consultancy
Preparation of Project Reports
Common Facility Workshop - Chennai
http://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/download.do?buttonaction=download&id=4&method=Counsellinghttp://www.msmedi-chennai.gov.in/MSME/download.do?buttonaction=download&id=4&method=Counsellinghttp://www.msmedi-chennai.gov.in/MSME/download.do?buttonaction=download&id=4&method=Counsellinghttp://www.msmedi-chennai.gov.in/MSME/download.do?buttonaction=download&id=4&method=Counsellinghttp://www.msmedi-chennai.gov.in/MSME/download.do?buttonaction=download&id=4&method=Counsellinghttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsphttp://www.msmedi-chennai.gov.in/MSME/AboutUs.jsp -
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ENTREPRENEURDEVELOPMENT PROGRAMMES
(EDP)
MSME DI regularly conducts general and product
specific EDPs for prospective entrepreneurs. These
programmes are conducted for 4 weeks in the trades of
Screen Printing, Manufacture of Leather goods,
Chemical and allied products, Electronics, Repair andservicing of electronic and electrical appliances etc,
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ENTREPRENEURSKILL DEVELOPMENT
PROGRAMME (ESDP)
In the Entrepreneurship Skill Development Programme
we provide Entrepreneurship Skill & Technical Skill
inputs for employed and unemployed youth in various
sectors.
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BUYERSELLERMEET (BSM)
To bring Micro, Small & Medium Enterprises (MSMEs),large industrial houses, Govt. Depts., PSUs and others ona common platform for business promotion.
To provide marketing opportunities for MSMEs.
To enable large industrial houses to identify competitivevendors.
To showcase the strength and competitiveness ofMSMEs.
To provide an insight into modern technologicaldevelopments.
To showcase the strength and benefits of working inindustrial clusters/consortia
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MANAGEMENT DEVELOPMENT
PROGRAMMES (MDPS
Marketing Management
Financial Management
Industrial Management
Production Management
Materials Management
Total Cost Management
Total Quality Management
Export Management
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PROCESS
DECISION TO BE SELF EMPLOYED
PRODUCT SELECTION
PREPARATION OF PRELIMINARY PROJECT
REPORT (PPR)
DECIDE ON THE FORM OF OWNERSHIP
LOCATIONIONAL CONSIDERATIONS
PROCUREMENT OF LAND & BUILDINGS
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CONTINUE
PROCUREMENT OF MACHINERY/EQUIPMENTS
PREPARATION OF DETAILED PROJECT REPORT
FILING OF ENTREPRENEUR MEMORANDUM
PROCESSING FOR FINANCIAL ASSISTANCE
OBTAINING STATUTORY LICENSES AND
CLEARANCES
PROCUREMENT OF BASIC INFRASTRUCTURE
REQUIREMENTS
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CONTINUE
TRAIL PRODUCTION
COMMERCIAL PRODUCTION
ESTABLISH YOUR MARKET NETWORK
PERFORMANCE REVIEW
MODERNISATION AND TECHNOLOGY
UPGRADATION
AVOIDING SICKNESS
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DIFFERENT ARES
AGRICULTURAL TRACTORS SERVICING AUDIO CASSETTE RECORDING CENTRE
AUTO TROLLEY RENTALS
BATTERY SERVICING
BICYCLE SERVICING AND RENTALS
CABLE T.V. CEMENT DEALERSHIP
COFFEE/TEA VENDING
CONCRETE MIXING AND VIBRATING EQUIPMENT RENTALSER
EXERCISE NOTE BOOKS FRUIT JUICE VENDING
MAGAZINES AND NOVELS SHOP
. AND MANY
MORE
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BABSON COLLEGE Established
September 3, 1919
Type
Private
President
Leonard A. Schlesinger
Students
3,439
Undergraduates
1,851
Location
Wellesley, Massachusetts, United StatesCoordinates: 421753.63N 711540.29W
http://en.wikipedia.org/wiki/Private_universityhttp://en.wikipedia.org/wiki/University_presidenthttp://en.wikipedia.org/wiki/Undergraduate_educationhttp://en.wikipedia.org/wiki/Wellesley,_Massachusettshttp://en.wikipedia.org/wiki/Massachusettshttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/Geographic_coordinate_systemhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College¶ms=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College¶ms=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College¶ms=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College¶ms=42_17_53.63_N_71_15_40.29_W_type:eduhttp://en.wikipedia.org/wiki/File:Babson_College_logo.svghttp://en.wikipedia.org/wiki/File:Babson_College_seal.svghttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College¶ms=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College¶ms=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College¶ms=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College¶ms=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College¶ms=42_17_53.63_N_71_15_40.29_W_type:eduhttp://en.wikipedia.org/wiki/Geographic_coordinate_systemhttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/Massachusettshttp://en.wikipedia.org/wiki/Wellesley,_Massachusettshttp://en.wikipedia.org/wiki/Undergraduate_educationhttp://en.wikipedia.org/wiki/University_presidenthttp://en.wikipedia.org/wiki/Private_university -
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HISTORY
Roger Babson on September 3, 1919, as the Babson
Institute
Businessmen made up the majority of the faculty instead
ofacademics
A
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ACADEMICS
Bachelor of science
MBA
R
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RANKINGS
Ranked #1 in entrepreneurship
Ranked #39 overall in the Bloomberg Business week
2012 rankings.
Forbes ranked Babson at #44 among US business
schools based on return on investment.
Bloomberg Businessweekranked Babson at #11 among
US schools based on return on investment
http://en.wikipedia.org/wiki/Entrepreneurshiphttp://en.wikipedia.org/wiki/Forbeshttp://en.wikipedia.org/wiki/Bloomberg_Businessweekhttp://en.wikipedia.org/wiki/Bloomberg_Businessweekhttp://en.wikipedia.org/wiki/Forbeshttp://en.wikipedia.org/wiki/Entrepreneurshiphttp://www.babson.edu/news-events/babson-magazine/spring-2012/Pages/planting-hope-transforming-lives.aspx -
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T A D
http://define.babson.edu/ -
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THE ALUMNI DIRECTORY
ALUMNI CAN REACH TO OTHER
Alumni Business Search
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NIESBUD
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NIESBUD is an apex institute in the area ofentrepreneurship and small business development underthe Ministry of Micro, Small & Medium Enterprises,Government of India. The basic objects for which theInstitute has been established are : promotion and
development of micro, small and medium enterprisesincluding enhancement of their competitiveness throughdifferent activities. The Institute has conducted a total of4,360 Training Programmes covering 1,17,781
participants which includes 146 International TrainingProgrammes with 2,208 participants from ,more than 120countries till date.
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ACTIVITIES
Assisting/supporting EDPs
Training for trainers/promoters
Creation & capacity building of EDP Institutions.
Small business focus
National/international forum for exchange of ideas &expressions.
Developing entrepreneurial culture.
National entrepreneurship development board (NEDB) Services to affiliate members.
Sustaining entrepreneurship
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OBJECTIVE
Assisting/supporting EDPsTraining for trainers/promotersCreation &capacity building of EDP Institutions.Small business focus
National/international forum for exchange of ideas & expressions.Developing entrepreneurial culture.National entrepreneurship development
board (NEDB)Services to affiliate members.Sustaining entrepreneurship
Objectives:- To evolve standardized materials and processes for selection,
training,support and sustenance of entrepreneurs, potential and existing.
To help/support and affiliate institutions/organizations in carryingouttraining and other entrepreneurship development related activities
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To serve as an apex national level resource institute for acceleratingthe process of entrepreneurship development ensuring its impactacross the country and among all strata of the society.
To provide vital information and support to trainers , promoters andentrepreneurs by organizing research and documentation relevant to
entrepreneurship development.
To train trainers, promoters and consultants in various areasof entrepreneurship development.
To provide national/international forums for interaction andexchangeof experiences helpful for policy formulation andmodification atvarious levels.
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To offer consultancy nationally/internationally for promotionof entrepreneurship and small business development.
To share internationally experience and expertise in entrepreneurship
development.
To share experience and expertise in entrepreneurship development
across National frontiers
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FUNCTIONS
NIESBUD also serves as the secretariat for NationalEntrepreneurship development Board(NEDB) ,the apex body whichdetermines policy for entrepreneurship development in the country.The institute, therefore, performs the task of processing therecommendations made by the Board.
To serve as an apex National level resource institute to accelerate theprocess of entrepreneurship development ensuring its impactthroughout the country among all strata of the society
To organize and conduct training programes .
To co-ordinate the training activities of various institutions andorganizations in the country imparting training.
To identify potential entrepreneurs from among technical andnontechnical personnel.
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To train the potential entrepreneurs who are identified.
To assist the potential entrepreneurs who are identified andtrained.
To hold examinations and test and confer certificates anddiplomas on the trainers as well as trainees.
To undertake documentations and tests and research in thefield of entrepreneurship and small business development.
To conduct work-shops, seminars and conferences etc forpromotion and development