Promotion of natural resource based micro enterprises is seen as a definitive growth driver for the state. A paradigm shift in thinking and strategy on development is sought to be brought about by moving away from a beneficiary oriented model to an enterprise promotion model. The belief is that citizens of the state can become successful entrepreneurs and making entrepreneurship a preferred career choice for the youth of the State if the state creates a dynamic, collaborative and conducive eco system for enterprise building involving a systematic engagement with existing and aspiring entrepreneurs of the state, providing for skilling and mentoring support, technology up gradation, easy access to finance, access to markets and development of value chains.
Meghalaya has redefined entrepreneurship by choosing to view every individual of the state who produces anything for the market as an entrepreneur. To bring about such a paradigm shift the Meghalaya Institute of Entrepreneurship (MIE) is positioned to be the Nodal institution in the State for facilitating rapid economic transformation through entrepreneurship education and promotion of micro enterprises involving the youth, women and other critical target groups in the State.
In this regard, MIE strives to be amongst the very best in the area of entrepreneurship creation and promotion, innovation and application of skills, technologies and harnessing the rich potential of promising sub sectors with clearly defined focus on apiculture, agriculture, horticulture, floriculture, pisciculture, aromatic and medicinal plantations, animal husbandry, nonfarm enterprises and other locally viable, remunerative income generating activities.
Apart from developing its own resource base, the institute will also actively leverage upon the infrastructure and institutional support available with local and national institutes like the Indian Institute of Entrepreneurship (IIE), State Polytechnics/Industrial Training Institutes, SIRD, NIRD, IIMs, Entrepreneurship Development Institute of India (EDI), National Research Institutes etc for conducting its activities Once fully developed, the Institute may also cater to the demands from other States having similar kinds of entrepreneurship development programmes.
Incubate, design and put in place an enterprise ecosystem that will foster the growth of private enterprise in the State. Coordinate and support the design and implementation of the PRIME – Promotion and Incubation of Market-driven Enterprises program with emphasis on employment generation and inclusion through the vehicle of entrepreneurship as a growth driver for the State. To this end the MIE will undertake action research, provide professional advice and conduct change management programmes for government departments and agencies to help them implement their enterprise agenda successfully. The Institute will work closely with policy-makers, management experts, institutions and other stakeholders, especially entrepreneurs towards ushering in an era of economic self reliance in the state and the country as a whole.
The interventions of MIE are focused mainly on the following areas:
1. Capacity building and training
2. Back end support to enterprises and line departments
3. Knowledge backstopping for enterprises / entrepreneurs and line departments
4. Sector specific facilitation services
