Warangal: Entrepreneurship to trigger growth

Warangal: Governments and local communities across the world have recognised that key to building prosperity and stimulate regional growth is fostering entrepreneurship, said Dr R Nageswar Rao, Head, Department of Business Management & Director, IQAC, Osmania University.

Addressing the aspiring entrepreneurs at the inaugural session of Entrepreneurship Development Programme (EDP), sponsored by the Department of Science & Technology, Entrepreneurship Development Institute of India, hosted by the SR Engineering College (SREC) here on Thursday, he said youth entrepreneurship has become a topic of interest for research scholars and also a subject of major concern for the government. While youth entrepreneurship is an under-explored field, the market scene is changing now.

"Entrepreneurship is seen as a channel for the talents of educated young people to explore their potential and cash their business acumen," Dr Rao said. There are certain skills that need to be honed. Entrepreneurship development programmes do exactly that. The skills that are required to run a business successfully, is developed among aspiring entrepreneurs through such programmes, Chief Programme Coordinator, Dr Suman Naredla said.

Dr CV Gururao, Director, said that the programme aims at training the S&T graduates and the diploma holders in the essentials of conceiving, planning, initiating and launching an economic activity or an enterprise successfully. The programme content included class room training on essentials of entrepreneurship, survey of the prevalent socio - economic scenario, identification of business opportunities, role and function as well as schemes of assistance offered by various constituents of the support system, preparation of a technically feasible and economically viable project report, Achievement Motivation Training and also the nuances of management of an enterprise. Sessions on technology and finance are also arranged, depending upon the nature of project selected.

The EDP Coordinator MM Irfan said that 30 science and technology graduates mostly from this region have registered for this. The EDP will train them the entrepreneurship & startup concepts, he added. Dr Ram Deshmukh, B Girirajan, V Srinivas, Vinay and Madhu were among others present.