An ecosystem involves a number of interconnected key elements that constantly interact and mutually reinforce. An entrepreneurship ecosystem encompasses a number of moving parts – components that have to come together to facilitate innovation and growth.
Few of such are listed below
To help students translate their ideas and knowledge into a business venture, the Institute organizes face-to-face interactions with successful entrepreneurs. Entrepreneurs from various industries and sector share their experiences and help students to get a better understanding of the related sectors. Entrepreneurs are also involved in mentoring the students.
Alumni Association – Network and Interaction:
The EDII alumni association is rich in diversity in terms of its students representing sectors ranging from manufacturing to services and not-for-profit enterprises. The EDII alumni association is working towards a future where EDII alumni take pride in their entrepreneurial experience and pass the enthusiasm on to their peers, prospective students, families and community. During interaction, the alumni speaker provides career guidance, encouragement during the academic program, advice on important course and field work and opportunities to make professional contacts. EDII also supports alumni to get funding for their ventures.
EDII is providing a co-working space and other basic necessary infrastructure facility to the start-ups and business ideas of current students.
Association with Incubators and Accelerators:
EDII is associated with incubators and accelerators collectively support students to work on their business ideas and start-ups. Few of such are Innovify Incubation Lab and Espark Viridian, a venture accelerator initiative of Entrepreneurial Spark, UK and the Viridian Group. They continuously interact with students in classroom sessions and discuss with students business ideas on one-to-one basis and guide them for their entrepreneurial journey.
Entrepreneurship Workshop, Summit and The Development of Entrepreneurship Policy:
India is becoming the biggest and definitive platform for entrepreneurs and start-ups. Big ideas and successful entrepreneurs have made a mark in small town India. Looking at the vision of 'Start-up India; Stand up India' of The Honourable Prime Minister, Shri Narendra Modi, EDII in association with CII (Confederation of Indian Industry) has conducted six days workshops 'YuStart: A National Start-up Competition' during 14th-18th Sep 2015 in six different Universities of the State of Himachal Pradesh.
The Names of the Universities are:
Indian Institute of Technology, Mandi
National Institute of Technology, Hamirpur
Central University, Dharamshala
Nauni University, Solan
Shoolini University, Solan
Baddi University, Baddi
Rayat & Bahra University, Sholan
Dr. Rajiv Joshi, Faculty EDII was the trainer of the entire event. Young graduates from different institutes attended the event and now would be working on preparing the Business Plan which would be presented in the event of 'The Entrepreneurship Summit-2015: Innovation in Entrepreneurship' which is proposed to be held the month of Nov 2015 in Chandigarh. The shortlisted and selected business plans would be presented in front of Panel members which will include industry mentors, venture capitalists, angel investors etc.
Family List Details
CEO & Director, Narmada Toyata
After completing PGDM-BE with family business specialisation in 2013 Chintan decided to join his family business (Narmada Toyota). It was one of the leading Toyota dealership in the state having sold more than 4,500 cars and serviced more than 40,000 cars till date.
Reflecting back on his experience at EDII!, Chintan stat es:
"To manage all operation , EDII has played a major role. At EDII, my course programme helped me to understand all practical aspects, challenges and future opportunities of my family business. Today I am confident or capable enough to take major decisions at my own.
My course programme helped me to think creatively and developed courage to implement or take any decision at my own . Thanks to EDII, I can coordinate operations with Toyota and my dealership."
Director, Scientific Clock Manufacturing Co.
"Entrepreneurial things have always been taught in EDII and with that I learned to think like an entrepreneur, which helped me to handle my family business of manufacturing wall & tower clocks and take it to the another level. I was a new blood in a 68 years old business. Within a year I doubled the production capacity by unitizing the recourse. It was all possible with the help of supporting faculty, high standard workshops and most important the interaction with alumni & visiting faculty which gave me practical knowledge to handle business. "
Parth Piyush Mehta
Founder, Out of the Box
Parth Piyush Mehta is an entrepreneur with an unquenching thirst of constantly doing something different. Through his company Out of the Box, he has set on a journey to introduce the unknown, unheard, and unthought-of! Immediately after completing his Master's degree in Business Entrepreneurship from EDIII, he started the 1st ever fruit truck in India. '9834 The fruit Truck' is a Gujarat based fruit bar on wheels that provide exotic fruits and fruit preparations.
Exotic preparations from fruits such as Australian grapes, Belgian apple, Blackberry, Blueberry, Dragon fruit, Egyptian citrus, Fig, Granny Smith apple, Kiwi, Litchi, Longan litchi, Mangosteen, Mulberry, Peach, Rambutan, Rose apple, South African red bananas, Starfruit, Strawberry, Thai coconut, Washington apple etc., are available at affordable prices.