The cornerstones of developing economies are the entrepreneurs who form a nation’s backbone. They possess the creativity and out-of-the-box thinking abilities to harness the existing resources to the maximum, thereby ensuring that the nation pedals on a fast track. However, a developing world is faced with several inhibiting factors that make entrepreneurship a challenging task for enthusiasts; particularly so in the present times, with the nature of ‘businesses / doing businesses’, undergoing a transformation. Nevertheless, today when the whole world is one big market, the constraining factors can be addressed through awareness on contemporary methods and technologies, training, mentoring, funding and hand holding support. EDII has been imparting several countries an entrepreneurial routing and building an entrepreneurial trajectory for them. The Institute advocates institution-building, across nations, to ensure that entrepreneurship emerges as a much relied upon tool to bolster New Enterprise Creation. In several countries such as Cambodia, Laos, Myanmar, Vietnam and Uzbekistan, EDII has already established a network of activities that are ensuring sustained entrepreneurship under the aegis of a Centre devoted to the cause. These Centres have come to adopt the role of full fledged ‘Centres of Excellence’ and are contributing greatly to entrepreneurship by ensuring idea generation, training, mentoring and promoting an upbeat culture of entrepreneurship. EDII also carries out a series of activities to strengthen entrepreneurial capacity in investment promotion and trade negotiations. Countries in Asia, Africa, Middle East, East Europe, Latin America, the Caribbean as well as Pacific and Small Island countries have been the beneficiaries.
Nurturing and propagating entrepreneurship on foreign grounds through awareness generation, education, training, human resource development and institution building has become one of the major development strategies for the Institute.
The Year 2020 –21: