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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

http://en.wikipedia.org/wiki/File:Babson_College_logo.svg

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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&params=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College&params=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College&params=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College&params=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&params=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College&params=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College&params=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College&params=42_17_53.63_N_71_15_40.29_W_type:eduhttp://toolserver.org/~geohack/geohack.php?pagename=Babson_College&params=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

http://en.wikipedia.org/wiki/Roger_Babsonhttp://en.wikipedia.org/wiki/Academichttp://en.wikipedia.org/wiki/Academichttp://en.wikipedia.org/wiki/Roger_Babson

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ACADEMICS

Bachelor of science

MBA

R

http://en.wikipedia.org/wiki/Bachelor_of_sciencehttp://en.wikipedia.org/wiki/MBAhttp://en.wikipedia.org/wiki/MBAhttp://en.wikipedia.org/wiki/Bachelor_of_science

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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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http://www.babson.edu/news-events/babson-magazine/spring-2012/Pages/planting-hope-transforming-lives.aspxhttp://define.babson.edu/

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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.

http://msme.gov.in/http://msme.gov.in/

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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