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8/12/2019 Empretec and (Indian) state governments, mind-maps.pdf
http://slidepdf.com/reader/full/empretec-and-indian-state-governments-mind-mapspdf 1/6
EMPRETEC Entrepreneurship
Policy Framework and
Implementation Guidance
Formulate StateEntrepreneurship
Strategy
OptimizeRegulatory
Environment
EnhanceEntrepreneurship
Education andSkills
Development
FacilitateTechnology
Exchange andInnovation
Improve Access toFinance
PromoteAwareness and
Networking
Identify state specific
challenges
Specify goals and setpriorities
Ensure coherence of
entrepreneurship strategywith other policies
Strengthen the
institutional network
Measure results, ensure
policy learning
Highlight the values of
entrepreneurship to
society and address
negative cultural biases
Raise awareness about
entrepreneurship
opportunities
Stimulate private sector-
led initiatives and
strengthen networksamong
entrepreneurs
Improve access to
relevant financial
services on appropriate
terms
Promote funding for
innovation
Build the capacity of
the financial sector to
serve start-ups
Provide financial
literacy training to
entrepreneurs and
encourage responsible
borrowing and lending
Embed
entrepreneurship
informal and
informal education
Develop effectiveentrepreneurship
curricula
Train teachers
Partner with
private sector
Examine regulatory
requirements for
start-ups
Minimize regulatory
hurdles for business
start-ups where
appropriate
Build entrepreneurs'confidence in the
regulatory environment
Guide entrepreneurs
through the start-ups
admnistrative process and
anhance the benefits of
formalization
Support greater
diffusion of ICTs to
the private sector
Promote inter-firm
networks that help
spread technologyand innovation
Build bridges between
public bodies,
research institutions,
institutes and the
private sector
Support high-tech
start-ups
MIND MAP OF KEY ELEMENTS FOR
IMPROVING STATE’S ECONOMIC
HEALTH THROUGH
ENTREPRENEUSHIP
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Formulate State
EntrepreneurshipStrategy
Set up surveys
for assessing
the state
entrepreneurial
environment
Initiate multi-
stakeholder fora to
promote policy
dialogue on
entrepreneurship
Set up a dedicatedpolicy framework
and strategy to
promote
entrepreneurshipObtain clarity about
priorities and types of
entrepreneurship the State
wishes to encourage
Set up specfic
policies in place
to favour start-
ups and SMEs
Set up specific
policies to
ensure transition
to the formal
business sector
Coordinate
entrepreneurshi
p policy with
other states' /
national policy
Identify ministry / agency /
institution championing the
cause of entrepreneurship,
identify ministerial level entity
in charge of coordination of
strategies
Set up
deliberatepolicyto promote
formal
entrepreneurial
activity among
specific groups
of the population
Set up specific
targets or
measurable
objectives to increaseentrepreneurial
activity
Assess the
impact of policy
measures
Support regular
independant
policyevaluations
Incorporate
feedback from
lessons learnt
Set up annual
periodic report
on the state of
entrepreneurshi
p in the state
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Optimize Regulatory
Environment
Offer mechanisms
to make contract
enforcement
easier and faster
Allow bankruptcy
laws to allow
business restarts
Set up regular public-
private dialogue on
regulatory costs and
benefits in place
Introduce
alternative dispute
resolution
mechanisms
Set up special
provisions for social
entrepreneurship
Ensure transparency
in business
establishment
procedures. Ensure
business regulations
availability online;
tutorials for start-ups; information on
business regulations
available to
disadvantaged
groups
Assess process of
starting business.Benchmark time and
cost. Obtain good
overview of sector-
and region-specific
regulations
Offer services to
assist start-ups in
meeting regulatory
requirements
Initiate process of
weeding out
unnecessaryregulations
Set up fast trackmechanisms and
one-stop shops to
bundle procedures.
Encourage ICT
based administrative
procedures
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Enhance
Entrepreneurship
Education and Skills
Development
Have provisions of
specific training and
incentives for
teachers
Ensure curriculum designers
develop local case studies
and entrepreneurship course
materials to be used in the
classroom
Ensure that policies
recognize specific needs
of youth, women and
other target groups
Ensure entrepreneurship is
explicitly recognized as an
objective of the national
curricula for vocational,
technical and commercial
school of secondary level
Ensure entrepreneurship training
programmes take place outside
formal education system; that theyrecognize low-literacy groups and
those in rural areas
Promote extra-curricular
entrepreneurial activity
(e.g., student activities,
business plan
competitions, business
development programmes,etc.)
Introduce
entrepreneurship as
a subject in state
curricula
Encourage academic
institutions and support them in
providing training, counselling
and diagnostic advisory
services to early-stage
entrepreneurs
Ensure that policies
pomote key
entrepreneurship
skills training in
schools, including
both attitudes and
enabling skills
Introduce interactive
and experience-based
teaching approaches in
educational system
Encourage schools to engage
with business practitioners and
local entrepreneurs
Establish / augment state,
regional level
entrepreneurship
educators’ networks to
facilitate the application of
programmes
Leverage privatesector funding for
entrepreneurship
education
Ensure mentoring andcoaching skills availability
to develop entrepreneurs’
skill-sets
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Provide Access to
Finance
Encourage banks
accept intellectual
property rights as
collateral
Provide appropriate
supervision and regulation to
prevent unsustainable lending
Set up public-private
funds for entrepreneurs
Set up / periodically review a
financial charter for the state
Promote FDI to broaden access to
finance for local entrepreneurs
Set up formal courses on
financial literacy designed
and available to MSMEs
Augment measures
to encourage
financial institutions
to lend to start-ups
and SMEs
Encourage development-
oriented funds to invest in seedcapital and small firms
Consider bank (and
other) financial sector
reporting of lending
by size of firm
Encourage factoring
and leasing schemes
Set up incentives for venture
capital and the development of
networks of business mentors
or supporters, including
business angel networks
Ensure availability of
training to lenders to
design ways to expand
lending activities to SMEs
and entrepreneurs
Adopt financial serviceprovision through post
offices and other ‘proximity
lenders’; encourage new
banking technologies (e.g.,
mobile phone banking)
Take steps to improve
access to finance for
target groups (minorities,
youth, women,
immigrants, expatriates,
those in rural areas)
Set up / promote the utility
of credit bureaus
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Promote Awareness and
Networking
Take part in global
entrepreneurship
awareness initiatives
such as the Global
Entrepreneurship Week
Engage in public-private
partnerships to organize
entrepreneurshipawareness activities such
as entrepreneurship-
awareness fairs or
entrepreneurship fora
Set up regular public-
private dialogue on
regulatory costs and
benefits in place
Take measures within
the public sector to
raise awareness of
entrepreneurship issues
with officials
Set up measures to
engage with
international diaspora
Support competition,
awards or similar events
to publicly recognize
entrepreneurs
Carry out campaigns to
promote entrepreneurship
Offer services to
assist start-ups
in meeting
regulatory
requirements
Ensure that policymakers
communicate their support
for entrepreneurship in
speeches, and communicate
the link betweenentrepreneurship and
economic development
Support
networks of
entrepreneurs
and business
leaders
Support competition,
awards or similar events
to publicly recognize
entrepreneurs
Encourage and recognize
Corporate Social
Responsibility
Set up information platforms
on entrepreneurship and
trade opportunities
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