Capacity building for entrepreneurship: Development through business incubation

Abstract

Various initiatives have been taken by Government of India to realize and fulfil the importance of entrepreneurship development and training for development of micro and small enterprises (MSEs), particularly, the first generation entrepreneurs. The Prime Ministers Task Force on Micro, small and Medium Enterprises in its report provides a roadmap for the development and promotion of MSMEs. It states that despite efforts, institutional linkages of research and development institutions and industry have not developed. Also in spite of India having the advantage of a large pool of human resources, the industry continues to face deficit in manpower possessing the right skills for manufacturing, service, marketing etc. It recommends setting up of Business Incubators that would assist entrepreneurs in further development of their new/innovative ideas.