Institute for Entrepreneurship, Skill & Career Development

Institute for Entrepreneurship, Skill & Career Development is a flagship component working with an objective to motivate youth representing different sections of the society and to consider self employment, entrepreneurship and building start-ups as a career option. The ultimate objective of the centre is to inculcate entrepreneurial culture amongst the youth in the country.

Vision

To create an ecosystem to promote a culture of innovation based entrepreneurship which can generate wealth and employment so as to ensure Sustainable livelihoods of citizens in the society.

Objectives

The core objective of the Centre is to empower the individual, by enabling her/him to realize their full potential through a process of lifelong learning where competencies are accumulated via instruments such as credible certifications, industrial training and exposure etc. As individuals grow, the society and nation also benefit from their productivity and growth. This will involve:

  • Make quality vocational training motivational for both youth and employers whereby youth sees it as a matter of choice and employer acknowledges the productivity linked to skilled workforce by paying the requisite premium.
  • Ensure both vertical and horizontal pathways to skilled workforce for further growth by providing seamless integration of skill training with formal education.
  • Focus on an outcome ¬based approach towards quality skilling that on one hand results in increased employability and better livelihoods for individuals, and on the other hand translates into improved productivity across primary, secondary and tertiary sectors.
  • Increase the capacity and quality of training infrastructure and trainers to ensure equitable and easy access to every citizen.
  • Address human resource needs by aligning supply of skilled workers with sectoral requirements of industry and the country’s strategic priorities.
  • Establish an IT based information system for aggregating demand and supply of skilled workforce which can help in matching and connecting supply with demand.
  • Promote national standards in the skilling space through active involvement of employers in setting occupational standards, helping develop curriculum, providing apprenticeship opportunities, participating in assessments, and providing gainful employment to skilled workforce with adequate compensation.
  • Leverage modern technology to ensure scale, access and outreach, in addition to ease of delivering content and monitoring results.
  • Recognise the value of on ¬the¬ job training, by making apprenticeships in actual work environments an integral part of all skill development efforts.
  • Promote increased participation of women in the workforce through appropriate skilling and gender mainstreaming of training.
  • Promote commitment and ownership of all stakeholders towards skill development and create an effective coordination mechanism.

The core objective of the entrepreneurship framework is to coordinate and strengthen factors essential for growth of entrepreneurship across the country. This would include:

  • Promote entrepreneurship culture and make it aspirational
  • Encourage entrepreneurship as a viable career option through advocacy
  • Enhance support for potential entrepreneurs through mentorship and networks
  • Integrate entrepreneurship education in the formal education system
  • Foster innovation¬ driven and social entrepreneurship to address the needs of the population at the ‘bottom of the pyramid’
  • Ensure ease of doing business by reducing entry and exit barriers