The National Institute for Entrepreneurship and Small Business Development (NIESBUD), an autonomous institution under the Ministry of Skill Development and Entrepreneurship, has entered into a Memorandum of Understanding (MoU) with the Central University of Jharkhand (CUJ), Ranchi, with the objective of identifying mutual collaboration opportunities and promoting entrepreneurship in technical and professional education in India.
The collaboration will endeavour to create a conducive environment to promote entrepreneurship on and off campus, through a series of mutually agreed, collaborative and value-added programmes, policies and curricula.
In line with the vision of Aatmanirbhar Bharat, this is Skill India’s way of giving a boost to entrepreneurship in the state of Jharkhand.
This MOU will leverage the strengths of NIESBUD and CUJ, Ranchi, to ensure the sustained development of entrepreneurial skills, entrepreneurship education, and facilitated training.
Under the partnership, both NIESBUD and CUJ will work together to boost Jharkhand’s entrepreneurship ecosystem.
Both entities will offer their respective institutional expertise in terms of technology, knowledge, management, and resources. Additionally, the institutions will organise a trainer’s training programme in the areas of entrepreneurship skills and education.
Both institutions will co-create proposals and a trainer’s training programme for The Indian Technical and Economic Cooperation (ITEC) countries. They will also jointly organise seminars, workshops and outreach programmes to encourage students to understand the nuances of entrepreneurship.
The partnership will enable exchange of best practices and provide access to resources and knowledge on request within the institutional capacity for the better design of new programmes and policies in entrepreneurship.
Given that Jharkhand is growing to be a hub for startups, Rajesh Aggarwal, Secretary, Ministry of Skill Development and Entrepreneurship, is confident that this partnership will “create a conducive ecosystem for emerging entrepreneurs, which will enhance the country’s research and industrial development as well”.
