Mandate
Our Mandate
The mandate of IFEDS encompasses a range of activities aimed at promoting entrepreneurship, fostering economic development, and contributing to the growth of local, regional and national economies.
Here are the specific mandate of IFEDS:
1. Promote Entrepreneurship Education:
Provide comprehensive education and training programs to equip individuals with the skills, knowledge, and mindset necessary for successful entrepreneurship.
Develop curriculum and courses that cover various aspects of entrepreneurship, from ideation to business planning, funding acquisition, and scaling.
2. Drive Innovation and Research:
Conduct cutting-edge research to understand the dynamics of entrepreneurship and economic development, identifying trends, challenges, and opportunities.
Encourage and support research that explores innovative business models, technologies, and strategies for fostering sustainable growth.
3. Support Startups and SMEs:
Establish an incubation and acceleration program to nurture early-stage startups, offering mentorship, funding, workspace, and networking opportunities..
Provide consulting services, resources, and guidance to small and medium-sized enterprises (SMEs) to help them overcome challenges and achieve growth.
4. Cultivate Entrepreneurial Ecosystems:
Collaborate with local governments, industry associations, and other stakeholders to create a supportive ecosystem for entrepreneurs, including favourable regulatory environments and access to funding.
Foster connections between entrepreneurs, investors, mentors, and industry experts to stimulate innovation and collaboration.
5. Promote Social Entrepreneurship and Impact:
Encourage the development of social enterprises that address pressing societal challenges while generating economic value.
Support initiatives that contribute to sustainable development, job creation, and positive social impact in underserved communities.
6. Advocate for Policy Changes:
Engage with policymakers and advocate for policies that promote entrepreneurship, innovation, and economic development.
Provide evidence-based recommendations to shape regulatory frameworks, incentives, and support mechanisms for startups and businesses.
7. Facilitate Global Networking:
Create opportunities for international collaboration and partnerships to exchange knowledge, best practices, and resources with other institutes, organizations, and entrepreneurs worldwide.
8. Measure and Communicate Impact:
Continuously assess and measure the impact of the institute's programs, initiatives, and research on entrepreneurship and development.
Communicate the outcomes and success stories to stakeholders to showcase the institute's contributions to economic growth and societal well-being.
9. Empower Underrepresented Groups:
Focus on inclusivity by providing resources and support to underrepresented groups in entrepreneurship, including women, minorities, and individuals from disadvantaged backgrounds.
10. Continuous Learning and Adaptation:
Remain agile and adaptive to changing market conditions, technological advancements, and evolving entrepreneurship trends.
Continuously refine programs and strategies based on feedback, research findings, and emerging opportunities.
This mandate reflects the multifaceted nature of an institute dedicated to entrepreneurship and development studies.