India-SL Tie Up to promote Women’s Entrepreneurship

CEYLON TODAY | Published: 2:00 AM Jul 29 2021

In its first international collaboration, Indian Institute of Management, Visakhapatnam, this week entered into a memorandum of understanding with the National Institute of Business Management (NIBM), Sri Lanka to offer a one-year ‘Diploma in Women’s Entrepreneurship.’ The programme, which would be offered in partnership with NIBM, consists of six months classwork and a six-month project. 

The Colombo-based NIBM is a selffinanced statutory body under the Ministry of Skills Development, Vocational Education, Research & Innovation of the Government of Sri Lanka. The MoU for long-term cooperation for three years, including the Diploma in Women’s Entrepreneurship was signed virtually on Monday by IIMV Director, Prof. M. Chandrasekhar and Director General of NIBM, Dr. D.M.A. Kulasooriya. IIM-V conducted a training programme for the faculty of the NIBM in January 2020. Faculty members from the IIM-V flew to Sri Lanka to hold the training sessions. 

IIM-V has already carved a niche for itself in empowering and mentoring the Women’s entrepreneurs in the two Telugu states in partnership with IIMBangalore under the flagship ‘Women’s Startup Programme’ (WSP). IIM-Visakhapatnam incubated 25 Women’s entrepreneurs under the WSP-2018, while the premier business school is currently mentoring the second cohort of 19 Women’s entrepreneurs from Andhra Pradesh, Telangana and Odisha under the WSP-2020. IIM-Visakhapatnam Director, Prof. M. Chandrasekhar said the one-year ‘Diploma in Women’s Entrepreneurship’ will be offered by the IIMV in partnership with NBIM. “The Institute will teach four out of the five academic modules, while the ‘Legal Framework and Practices for Entrepreneurs’ module will be handled by the NIBM itself.

The sixmonth project component will be designed by IIM-V. It will be administered and evaluated jointly by the IIM-V and NIBM, with clearly defined roles and responsibilities,” said Prof Chandrasekhar. The IIM-V Director added that on successful completion of the academic modules and project work, the institute will award the “Diploma in Women’s Entrepreneurship.” “The key objectives are to foster entrepreneurship and the spirit of creativity and innovation. It will provide the participants with the essential knowledge and skills required for an entrepreneurial journey from idea-generation to ideaimplementation,” said Prof. Chandrasekhar. 

(The Times of India)

CEYLON TODAY | Published: 2:00 AM Jul 29 2021

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