PG Program in Entrepreneurship and Family Business (PGP-EFBM)

About EDII

The Entrepreneurship Development Institute of India (EDII), established in 1983, is a national resource institution dedicated to entrepreneurship education, research, training, and incubation. Supported by premier financial institutions such as IDBI, ICICI, IFCI, SBI, and the Government of Gujarat, EDII is built on the belief that entrepreneurs can be developed through structured training and strategic interventions. Recognized as a Centre of Excellence by the Ministry of Skill Development and Entrepreneurship, Government of India, EDII has played a pioneering role in promoting entrepreneurship as a tool for economic development. It has established entrepreneurship development centres across India, including in newer states and union territories, and internationally in countries like Cambodia, Laos, Myanmar, Vietnam, Uzbekistan, and Rwanda. EDII’s Business Incubation Centre – CrAdLE, supported by the Department of Science and Technology, focuses on nurturing startups in food & agribusiness, renewable energy, and healthcare. With over four decades of impact, EDII continues to lead national and global initiatives in MSME growth, innovation, policy advocacy, and inclusive entrepreneurship development.

Program Uniqueness:

• Jointly offered by IILM and EDII Ahmedabad providing potential access to expertise and network.
• Focus on both entrepreneurship and family business management.
• Inclusion of an internship for practical experience.
• Elective pathways allow for specialization.
• Renowned faculty and Industry experts: The course will be delivered by experienced and renowned faculty from IILM and EDII. Industry entrepreneurs, Startup founders will be regularly invited to interact
• Experiential Learning focus: using case studies, simulations, guest lectures from successful entrepreneurs and family business leaders, and live projects with family businesses.
• Mentorship Program: Participants in small groups will be paired with experienced entrepreneurs or family business owners for guidance and support.
• Practical Skills acquisition: we would endeavour to ingrain practical skills such as financial modelling, business plan development, negotiation, and communication and technology adoption.
• Participants will be studying first term at IILM and the second term at EDII campus during the program duration and get a feel of two world-class campuses.

Program Objectives:

• To equip participants with the knowledge, skills, and mindset necessary to successfully launch and manage new ventures, or to lead and grow existing family businesses.
• To develop entrepreneurial leadership capabilities, including strategic thinking, innovation, problem-solving, and decision-making.
• To provide a comprehensive understanding of the unique challenges and opportunities associated with family businesses, including governance, succession planning, and intergenerational wealth transfer.
• To foster a strong network of peers, mentors, and industry professionals in the entrepreneurship and family business ecosystem.
• To instil a sense of ethical and social responsibility in business practices.

Knowledge & Understanding:

• Understand the unique dynamics of family businesses, including governance structures, succession planning, and intergenerational relationships.
• Develop the ability to identify, evaluate, and act on entrepreneurial opportunities, whether in starting a new venture or transforming an existing family business.
• Design and implement a comprehensive business plan, integrating strategy, operations, finance, and innovation.
• Build leadership and decision-making skills to effectively manage people, processes, and conflicts – especially in the context of family-run enterprises.
• Gain financial literacy, including raising capital, managing cash flow, interpreting financial statements, and making data-driven decisions.
• Lead innovation and drive business growth, leveraging emerging technologies and new business models in a competitive and dynamic market.

Career Outcomes:

• Launch and manage their own startups.
• Lead and grow their family businesses.
• Secure leadership positions in established companies.
• Work as consultants or advisors in the entrepreneurship and family business domain.
• Contribute to the development of the entrepreneurial ecosystem.

For Family Business Specific Outcomes:

• Understand the history and evolution of their family business.
• Learn about the roles and responsibilities of family members in the business.
• Develop skills in family governance, including creating a family constitution and managing family meetings.
• Understand the process of succession planning and how to ensure a smooth transition of leadership.
• Learn about the importance of aligning family values with business strategy.
• Develop skills in managing intergenerational relationships and resolving conflicts within the family business.