ENTREPRENEURSHIP DEVELOPMENT AND INNOVATION INSTITUTE
Leveraging Research for Entrepreneurship Development and Innovation in Tamil Nadu
Venue : Le Meridien, Chennai
Date : September 7, 2017
The Entrepreneurship Development and Innovation Institute, Government of Tamil Nadu (EDII) and Institute for Financial Management and Research jointly organized a Conference with the theme of ‘Leveraging Research to Promote Entrepreneurship and Innovation in Tamil Nadu’. The main thrust of the conference is to enable small enterprises and start-ups to push the boundaries of innovation in the manufacturing and services sectors.
Earlier EDII and IFMR entered into MoU on the 27th June, 2017 on the occasion of EDIIs “International MSME day” celebrations, to establish, enhance and strengthen academic, intellectual and practicing collaboration between both the organizations through targeted research initiatives in the MSME space. The broad goals of this collaboration is to promote research in the domain of MSME in the state of Tamil Nadu, identify specific gaps hindering MSME growth which can guide appropriate policy decisions in all dimensions through research, to evaluate selected training programs to improve participation and usefulness and needs assessment studies to evaluate selected schemes on specific areas.
This one day conference is the first activity in the partnership forged for promoting innovation and research for MSMEs in Tamil Nadu. Inaugurating the conference, Dr.P.Rama Mohana Rao IAS, Additional Chief Secretary/Director, EDII mentioned that “EDII will strive to nurture a vibrant ecosystem for innovation and entrepreneurship in the state with a targeted goal of increasing the share of manufacturing sector to India’s GDP”.
The keynote address was by Prof.TN.Srinivasan, Emeritus Professor, Yale University.
At this event, EDII inked MoU with Golden Jubilee Biotechnology Park for Women, Chennai to establish, maintain and enhance academic and intellectual interaction between both the organizations through wide-ranging partnership for research, joint adaptive research, seminars, publications and exchange of faculty experts for promotion of women entrepreneurship.
The event brought together about 150 participants to discuss opportunities, collaborate and prepare a joint action plan for catalysing Tamil Nadu’s growth as a leading global manufacturing and innovation hub. The participants included policy makers, eminent economists, Government officials, university/college delegations, industry representatives, research fellows, students, start-up entrepreneurs and so on.
Small enterprises are at the centre of innovation and entrepreneurship in India today. Backed by landmark initiatives such as Make in India and Start Up India and a wide array of targeted State-led policies and programs, small enterprises and start-ups are pushing the boundaries of innovation in the manufacturing and services sectors. Tamil Nadu has long been a hub of entrepreneurial activity and the state’s unique ecosystem offers plenty of opportunities for aspiring entrepreneurs. However, lack of access to high-quality data at periodic intervals, and rigorous research and inputs from the field, can pose a formidable challenge for policymakers in designing and evaluating the success of policies. The success of such a vibrant ecosystem also rests on the body of empirical evidence and knowledge on ‘what works’. The panel discussion of the conference comprising of various stakeholders deliberated on:
- promoting rigorous research and knowledge creation in the areas of MSME growth, entrepreneurship development and innovation through knowledge sharing between academics, sector experts, and policymakers
- catalysing Tamil Nadu’s growth as a leading global manufacturing and innovation hub - towards the Make in India vision 2022 of increasing the share of manufacturing to 25% of India’s GDP
- establishing a vibrant entrepreneurship, skill development and self-employment ecosystem in the State
Speaking on the occasion, MSME secretary, Th.Mangat Ram Sharma IAS said, “The key takeaways from this conference will catalyze Government of Tamil Nadu’s vision 2023 to develop a dynamic and vibrant MSME sector in Tamil Nadu”.
The conference provided platform for knowledge sharing between key stakeholders and identified areas where rigorous research, evidence and evaluations can play a role in strengthening MSME policy and practice.