Road Map Implementation of Student Entrepreneurship Policy (SEP) in Gujarat State

About the Project

EDII has signed an MOU with the Commissionerate of Higher Education (CHE), Government of Gujarat for the implementation of the Student Entrepreneurship Policy (SEP) in Gujarat State. The project envisions capacity-building of faculty members as Nodal Officers from various technical and higher education institutions across Gujarat. Further, the project also envisions training students from these institutions for the Entrepreneurship Development Training Programs (EDTP).

About the Students’ Entrepreneurship Policy

The unique of its kind, Gujarat State Students’ Entrepreneurship Policy (SEP) aims to foster entrepreneurship, business acumen, creative ideas, fresh insights, aspirations, and the identification of business opportunities among students in various higher education institutions across the state.

The policy envisions creating an integrated, state-wide, university-based innovation ecosystem to support the innovations and ideas of young students and provide a conducive environment for optimum harnessing of their creative pursuits.

The students from higher educational institutions from government and private institutions of the state will benefit by way of strengthening their capacities through entrepreneurship education, training, and financial assistance. It will further nurture, mentor, and develop the business ideas and ideas of students as well as create new legally recognized businesses in the state.

While all other state and national policies on entrepreneurship focus on developing innovative business ideas and startups or ventures, the SEP Policy augments a huge potential for developing new enterprises in traditional sectors in Gujarat state, such as manufacturing, food processing, agri-businesses, textiles, chemicals, logistics, petrochemicals, fertilizers, dairy, gems, jewellery, etc.

Key highlights of the Phase I implementation of the programme

The highlights of the Phase I implementation of the programme conducted from December 2023 to February 2024 are:

  • EDII has trained 426 Nodal Officers and 835 students from various technical and higher education institutions across Gujarat.
  • The two-day Nodal Officer training programmes were conducted at the EDII campus, and the student five-day EDTPs were conducted in 19+ locations in Gujarat.
  • At the end of Phase I of the programme, 133 students was identified as eligible to receive funding from the Commissionerate of Higher Education, Government of Gujarat.
  • Each of these 133 students was given Rs. 40,000/- as a grant.
  • Shri Praful Pansheriya, Minister of State of Parliamentary Affairs of Gujarat, presented grant awards to 133 students on March 12, 2024, during an event organized by CHE and EDII.
  • Total funds disbursed is Rs. 53,20,000/-

The successful completion of Phase 1 underscores the commitment of CHE and EDII toward realizing the objectives outlined in the Student Entrepreneurship Policy. This phase not only facilitated capacity building among Nodal Officers and Students but also paved the way for tangible support and investment in budding entrepreneurs, laying a strong foundation for future entrepreneurial endeavors in Gujarat.

A brief overview of the Phase I implementation of the programme

  • Two-Day Nodal Officer Training Programme

The Nodal Officer Training Program was meticulously designed to equip faculties with the necessary skills and knowledge to catalyze the development of entrepreneurship culture within their institutions. Through a combination of pedagogical approaches and comprehensive topics, the program aimed to empower faculties to sensitize students towards entrepreneurship and facilitate their journey towards becoming successful entrepreneurs.

Figure: Pedagogy covered during Nodal Officer Training Programme

Table: Batch-wise break up of the Nodal Officer Training Programme

Figure: Demographic representation of the Nodal Officer Training Programme

Table: Faculty participation from different universities

Figure: Showing the institution-wise representation of Nodal Officers

  • Five-Day Student Entrepreneurship Development Training Programs (EDTP)

The Entrepreneurship Development Training Programme (EDTP) for students marks a pivotal step in fostering a culture of entrepreneurship among the youth of Gujarat. Led by faculty members from the Entrepreneurship Development Institute of India (EDII), this five-day program aims to equip nominated students with the essential skills, knowledge, and mindset required to embark on their entrepreneurial journey.

Figure: Demographic representation of students

Table: Locations of EDTP batch-wise

Table: Batch-wise distribution of students

Figure: Location-wise representation of training conducted

Topics covered (a snap-shot of the five-day time-table)

Table: Stream-wise participation of students from various colleges

Table: Showing the category-wise participation of students

  • Submission of Business Proposals

Following the completion of their training, the trained students were tasked with developing a comprehensive business proposal plan. This business proposal encompassed all crucial aspects of entrepreneurship, ranging from opportunity identification to funding sources and their planned utilization. To facilitate this process, students were allotted a specific time frame to prepare and submit their business proposals via a Google link, with approvals coordinated through their respective Nodal Officers. Students were also given a thorough understanding of how to fill this business proposal during the training itself.

The submitted business proposals ranged from various traditional to sunrise sectors, including:

Evaluation of Submitted Business Proposals

Subsequently, a team of designated experts was assembled to evaluate these submitted business proposals. During this evaluation phase, students were required to present their business ideas to the expert panel. The pitch presentations were held across different locations in the state. The evaluation process was conducted based on predefined assessment parameters, wherein scoring was carried out to assess the viability and potential of each proposal. The panel consisted of EDII faculty members, a representative from CHE, a Nodal Officer/ Principal from different colleges, and a representative from i-Hub (nominated by CHE).