The document discusses Entrepreneurship Development Institutes (EDIs) which aim to develop entrepreneurial skills and motivate people to start their own businesses. It outlines the need for EDIs based on experiments showing training can create entrepreneurs. The objectives of EDIs are to develop traits like achievement motivation and teach relevant business skills. The curriculum covers topics like management, feasibility studies and plant visits. The training process involves selection of candidates, delivering the program, and post-training support. However, evaluation shows only 1 in 4 trainees actually start businesses due to issues like lack of funding, marketing skills and lack of commitment to the programs. Overall EDIs aim to transform job seekers into job creators through entrepreneurship training programs.

1. EDI
Entrepreneurship Development Institute
By Kamesh

2. Discussion
• Kitchen in BBSR
• Indian, Chinese, Tandoor, Continental
• Delivers cooked food to consumers in BBSR
Tied up with Swiggy and Zomato
• Rating is low which is not upto mark
• Getting into delivery of poultry, milk and eggs in BBSR and CTC
• What are its prospects for the future?
• What is the learning?
• Experience is valuable

3. Meaning of EDI
• EDI is a programme meant to develop entrepreneurship abilities
among the people
• A planned effort to identify, inculcate, develop and polish the
capabilities and skills of a person to become and behave like an
entrepreneur
• By equipping a person with knowledge, skills and capabilities, it is
hoped that the person would start and run an enterprise

4. Need for EDI
• Kakinada experiment by Prof. David. C. McClelland of Harvard University
• Training provided to 52 persons in 3 batches
• Traits and competencies distinguish a successful entrepreneur from an
unsuccessful one
• Need for Achievement is a trait found in entrepreneurs
• 3 months training programme by Small Industries Extension and Training Institute
(SIET)
• People who underwent training are better off than others
• Conclusion traditional beliefs are a myth and that training can provide motivation
create entrepreneurs
• This model was adopted by Gujarat Industrial and Investment Corporation (GIIC)
• The success of GIIC in Gujarat in 1960s and 70s spurred other states to adopt this
programme

5. Objectives of EDI
• Develop the quality NEED FOR ACHIEVEMENT
• Analyze environment to set up Small industry and business
• Select the product
• Formulate the proposal
• Understand the process
• Know sources of help and support available for starting SSI
• Acquire managerial skills to run an SSI
• Appreciate uncertainty Customers are not guaranteed unlike in PSUs like NALCO, Tata
Steel and other heavy industries
• Discipline
• Proper communication, hiring, remuneration, marketing
• Broad vision
• Passion and integrity
• Compliance with law of the land

6. Curriculum
• General intro to entrepreneurship
• Motivation training
• Management skills like finance, HR, marketing, production
• Support systems and procedure
• Fundamentals of project feasibility study
• Plant visits

7. Phases of EDP
• Pre-training
• Selection of entrepreneurs for training
• Infra
• Faculty
• Publicity, application form, training syllabus, opportunity scanning or mapping
• Training
• Post-training

8. Selection Process
• Psychological tests-TAT, Risk taking, Personal efficacy (Locus of
Control)
• Those having internal LOC are more suitable than candidates having high
external LOC
• Educational and socio-economic background
• Analysis of application blank
• Group planning exercises
• Personal Interviews
• Drawbacks of the Selection process
• Costly and time consuming
• Lack of proper faculty or experts

9. Evaluation and Problems of EDPs
• Evaluation
• 1 out of 4 candidates actually set up a venture
• Most of the people encounter funding, marketing, distribution problems
• Majority give up and join the unemployed category
• Problems
• Lack good faculty or trainers to motivate the selected candidates
• No sincerity, commitment in conducting EDPs
• EDPs are looked as a mechanism to generate surplus income rather than a
place where people are transformed from job seekers to job creators
• Antithetic attitude of banks and financial institutions

10. Assignment
• Read about the activities of DICs in the district where you are
residing and write a one page note and mail it to me
• What is DIC’s vision?
• What industries does it support?
• Who can apply?
• What is the procedure to apply?
• What are the benefits?
• Deadline Monday 12th of July midnight