Innovative Business Development:
New Tools and Techniques for MSMEs
Sustainable economic development is at the top of the political agenda in most of the countries. The aim of these countries is to see growth to be ‘faster, sustainable and more inclusive’. Every year, around 12 to 13 million young people enter the labour market. In order to absorb this influx of job seekers, between 120 and 130 million new jobs will need to be created by 2025. The private sector, particularly micro, small and medium-sized enterprises (MSMEs), is expected to be a key driver here.
The MSME sector, with roughly 44 million micro companies and thousands of small and medium-sized businesses, has an enormous economic, social and environmental impact. However, the sector faces several challenges, including strong international competition, pressure to use key resources like energy, water and raw materials more efficiently and to implement more environmentally sustainable production processes. By modernising and adopting green and inclusive innovations, India’s MSME sector can create new economic opportunities and strengthen its long-term competitiveness.
In India, innovative ideas often work in isolation. Cooperation with research and technology institutions or with academic establishments is virtually non-existent. Furthermore, support for MSMEs in key areas such as technology transfer, resource efficiency and sustainability management has been either poor or inadequate. Although the Indian Government has launched a number of initiatives aimed at strengthening MSMEs, the initiatives of the government have not yet led to a significant improvement of the framework conditions. Cooperation between industry, the academic community and government bodies remains weak, thus hampering the innovative capacity and sustainability of MSMEs (including social enterprises and start-ups). The climate is not conducive to cooperation, with supporting institutions lacking effective methods, support programmes and the incentive structures needed to boost cooperation.
In this context it is important that the MSMEs need to adopt new tools and techniques for the development of their business. Innovative methods are necessary for the business development.
FOR WHOM: – Existing MSMEs, PSUs, PSEs, Budding entrepreneurs.
- Knowledge creation and commercialization
- Inclusive innovation
- Knowledge diffusion and absorption
- Technology transfer
- Intellectual property rights (IPR)
- Course Dates : 21-23 Aug 2017
- No. of Days : 3 days
- Course Fee: Rs. 10,500/- (Residential, non A/C accommodation, double occupancy) per one participant. Rs. 9,000 (Non-Residential) per one participant.
- The course fee covers programme cost, reading material, but does not include the travel expenses of participants to and from Hyderabad.
- Fee Payment: Fee is payable by Demand Draft favouring
“Chief Administrative Officer”, nimsme, Hyderabad, Payable at Hyderabad.
Contact for further details
Enquiries and nominations may be addressed to:
National Institute for Micro, Small and Medium Enterprises (An Organisation of the Ministry of MSME, GoI and ISO 9001-2008 Certified), Yousufguda, Hyderabad – 500 045, India Tel: 91-40-23608544, 23608546, 23608317, 23633499,
Fax: 91-40-23608547, 23608956