Entrepreneurship Development Program (EDP) is meant to develop entrepreneurship qualities among people. It encompasses providing all the necessary skills and knowledge required to enable people to run their own businesses.
One of the primary questions that arise in this context is: Are entrepreneurs born or are they trained?
According to renowned behavioral scientist David C. McClelland, the motivation that drives entrepreneurs is the need for achievement. He conducted the famous “Kakinada Experiment”, a five year study in the Kakinada district of Andhra Pradesh, in collaboration with Small Industries Extension and Training Institute (SIET), Hyderabad.
Through this experiment, it was observed that the desire for achievement can be inculcated in people through proper training and the same had a positive impact on the performance of entrepreneurs.
Since 1986, ICECD has developed over a lakh Micro-Small-Medium Enterprises (MSMEs) for potential entrepreneurs directly in India and over 2,00,000 enterprises through trainers and facilitators in India and in Asia Pacific, African and Caribbean countries. It has also evolved and successfully implemented need based programs for more than 5000 youth in India with Micro Credit of Rs 1.1 crore (11 million). ICECD has also reached out to more than 10,000 deprived tribal, rural and underprivileged populations, especially women, and led them to viable and sustainable micro enterprises with appropriate market, credit and technology linkages. ICECD has trained and developed more than 1,150 organizations and 5500 facilitators in India and more than 850 organizations and 4500 facilitators in the international arena. A proof of ICECD’s expertise lies in the fact that 89.2% of the entrepreneurs developed by ICECD have been able to set up, expand and grow their businesses.
The Present Scenario
Globally, nations are realizing the importance of enterprise creation in boosting employment of a country as well as the impact the same has on its economy. Apart from social and economic growth, it also ensures individual development by removing the barriers of caste, creed, race, and sex.
ICECD offers Entrepreneurship Development Programs (EDP) for: