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In response to the many challenges facing the MSME sector of Kenya and East Africa, and in its pursuit to remain The Enterprise University of choice, IU has established a new Regional Center for Enterprise Development (R-CED) to serve as a coordinating unit for all its enterprise initiatives. R-CED will be a Non-Profit making Training; Research and Consultancy Centre, specializing in products and services relating to the development of Micro, Small and Medium Enterprises (MSME) and MSME policy in Kenya and East Africa
R-CED will offer business advice and practical solutions to MSMEs across the East African nations, including internal stakeholders; students and staff, interested in exploring business and investment opportunities. The Centre is also expected to actively engage with external stakeholders such as the:
- Government MSMEs supporting agencies like Youth Enterprise Development Fund, Women Enterprise Development Fund
- Business Associations (Kenya private sector alliance-KEPSA; Chamber of Commerce and Industry; Kenya Association Manufacturers -KAM, Federation of Kenya Employers – FKE; Kenya Association of Women Business Owners- KAWBO; Kenya Bankers Association- KABA; Association of Kenya Insurance- AKI; policy makers and business support organizations);
- Business Development intermediaries (Universities, Consultants, Donor Agencies and NGOs etc.). The Centre shall not only work with staff and students within the University but will also engage and support stakeholders nationally and internationally
Daniel Huba - Coordinator, Regional Center for Enterprise Development
To be the preferred MSME development center of excellence in Africa.
To capacitate MSMEs to engage in growth oriented businesses by use of innovative strategies and industry focused capacity building, incubation and mentorship.
R-CED Objectives are:
- To provide business incubation programs to growth oriented start-ups and entrepreneurs.
- To establish the MSME Mentorship program by providing quality and industry focused professional training of business mentors.
- To enhance entrepreneurial culture adaptation among students, staff, Kenyans and East Africans through entrepreneurship capacity building forums.
- To identify, select and test innovative ideas developed by students and other entrepreneurs for possible translation to the market.
- To conduct research in MSME-related fields and disseminate the findings to policy makers, Entrepreneurs and other stakeholders.
- To provide a platform for promotion of MSMEs, considering all issues connected to MSME development and presenting views to government and other stakeholders for consideration.
The MSMEs Mentorship Program
This program is designed to qualify potential mentors into entering value adding relationships with entrepreneurs from the MSME sector, with an end goal of creating sustainable business growth and youth employment to the benefit of society. The trained certified business mentors will be connected to industry for a 12 month actual mentorship and business networking opportunities in close collaboration with industry players such as International Labour Organization- Youth Entreprenuership Facility (ILO-YEF); Kenya Private Sector Alliance (KEPSA); Federation of Kenya Employers (FKE); ENABLIS; African Youth Trust (AYT) among other donors and Business Membership Organizations (BMOs).
Entrepreneurship capacity building programs
These programs will be aimed at developing practical and innovative short term entrepreneurship training, with a focus on building a strong enterprise culture among entrepreneurs and university community members (staff and students). Specifically, the following short term course (3-5 days) are currently being developed
- Business Mentoring Techniques
- Market driven Innovation Management
- Internationalization of markets
- Governance and Succession planning for family businesses
- Financial Management for SMEs
- Business Networking Strategies.
The Business Incubation Program
The center plans to roll out a capacity building program for managers and officers working in Business Incubation centers by providing them with latest knowledge and practices in Business Incubation. In addition the center is seeking collaboration in establishing a business incubation center for its Entrepreneur-students.
Innovation and Technology Transfer project
The center is putting in place mechanism to identify, select and test innovative ideas developed by students and other entrepreneurs. The project will spearhead business plan and innovation competitions within and without campus. In addition it will seek to build a bridge between IU, industry and business community.
The Centre through this unit shall register researchers who have interests in MSME activities and are in need of institutional and infrastructural support to conduct consultancy and research work. The center welcomes both academic and industry experts on MSME promising to give them competitive rates on research and consultancy engagement.
Orientation of Intake 1 MSME Mentorship ProgramVenue
Mawenzi Gardens, Elgon Road, Upper hill, NairobiDates
15th JULY 2011
Breakfast Launch of the MSME MENTORSHIP PROGRAMVenue
Hilton Hotel, NairobiDates
20th JULY 2011Speakers
The expected key note speaker will be the Danish Ambassador to Kenya, His Excellency H.E Geert Aargaard Andersen. Other guests expected to grace the event include;
- Hon. FT Nyammo, OGW, MP – Chancellor; Inoorero University
- Jens Dyring – Chief Technical Adviser; International Labor Organization – Youth Entrepreneurship Facility (ILO-YEF)
- Caroline Kariuki – Chief Executive Officer; Kenya Private Sector Alliance
- Jacqueline Mugo –Executive Director; Federation of Kenya Employers
- Moses Mwaura – Regional Director; Enablis Business Launch pad
Module 1 training of MSME BUSINESS MENTORING PROGRAMVenue
Mawenzi Gardens, Elgon Road, Upper hillDates
21th - 24th JULY 2011Particpants
- Inoorero University (IU)
- Royal Danish Embassy (RDE)
- International Labour Organization- Youth Entrepreneurship Facility (ILO-YEF)
- Kenya Private Sector Alliance (KEPSA) through the MSE sector board
- African Youth Trust (AYT)
- Kenya Association of Women Business Owners (KAWBO)