Entrepreneurship Development program, EDP,, Needs of EDPs, Objectives of entrepreneurship development program, benefits of entrepreneurship development program, phases of entrepreneurship development program

1. Entrepreneurship
Development program
MEGHARAJA E N

2. An Entrepreneurship Development Program (EDP) is a structured
initiative designed to encourage, support, and develop individuals with
entrepreneurial potential. EDPs provide training, guidance, and resources to
foster entrepreneurship, enhance skills, and build a strong entrepreneurial
mindset. They are essential in creating new ventures, supporting existing
businesses, and promoting sustainable economic growth.
Entrepreneurship Development Program
(EDP)

3. Needs of Entrepreneurship Development Program
 Enhancing Entrepreneurial Mind set: Many individuals with entrepreneurial
potential may lack the confidence, skills, or risk-taking mind-set needed to start a
business.
 Skill Development: Entrepreneurs require a diverse set of skills including managerial,
technical, marketing, and financial skills.
 Reducing Unemployment: Entrepreneurship is a powerful tool for job creation.
 Economic Growth: By nurturing entrepreneurship, EDPs contribute to the growth of
the economy, especially through innovation, wealth creation, and local enterprise
development.
 Access to Resources: Many aspiring entrepreneurs lack access to resources such as
finance, mentorship, and market knowledge. EDPs help connect individuals with
potential investors, mentors, and partners.
 Overcoming Barriers: EDPs help address the barriers that hinder entrepreneurship,
such as lack of awareness, limited knowledge of legal and financial aspects, and the
fear of failure.

4. Objectives of EDP
• Creating Awareness
• Skill development
• Fostering Innovation and Creativity
• Providing Mentorship and Networking Opportunities
• Supporting Sustainable Business Growth
• Building Confidence

5. Phases of EDP
1. Pre-EDP Phase (Preparation
Phase)
Target Audience Identification
Awareness Creation
Selection of participants
Need assessment
2. EDP Phase (Core Phase)
Training and Education
Skill development
Workshops and seminars
Mentorships
3. Post-EDP Phase
Business Launch Support
Follow up and monitoring
Sustained mentorships