Local Entrepreneurship Advancement Programme
ABOUT THE PROJECT
Local Entrepreneurship Advancement Program is an opportunity for the IEDCs to dive into the locality to identify and nurture the entrepreneurship ecosystem in and around their institution. Being the innovation hub of the region, IEDCs can play a pivotal role in empowering the local community by creating a conducive ecosystem to nurture entrepreneurs in the local community. LEAP is envisaged to provide a broader canvas to individual IEDCs to design their respective programs and projects.
IEDCs can engage with community organisations, Local Self Governments, research institutes, local entrepreneurs, budding entrepreneurs, alumni industries/startups for the design and implementation of the program. This will also be an opportunity to try a hand at social entrepreneurship through which students and budding entrepreneurs can give back to society and the sky's the limit for this program. In a country like India where opportunities are in every nook and corner, IEDCs may go ahead and explore the unseen and unfound to bring out the best.
AIMS & OBJECTIVES
The primary objective of the program is to identify and nurture entrepreneurs by providing them the necessary support. The program is envisaged to transform an IEDC into a local innovation hub which would provide services, infrastructure and other capital requirements to the budding and aspiring entrepreneurs, local businesses, industries, startups, research institutes, and the Local Self Government. Thus, IEDCs will become the backbone of the local economy by boosting employability, employment opportunities, boosting the status of employees, building a problem repository and the corresponding solutions.
The program aims to address the pain points of the key stakeholders of the local ecosystem through a focused entrepreneurship endeavour. LEAP provides an opportunity to aspiring entrepreneurs to identify a potential business opportunity by exposing them to real-world customer problems.
The program also aims to help local MSMEs/LSGs, government institutions and communities to find sustainable and cost effective solutions for their critical problems. The program would help MSMEs to join the journey of Industrial Revolution 4.0 sooner. IEDC may need to develop a plan for LEAP Project and share with Kerala Startup Mission to get support to bridge the gap.