Daniel Huba, Coordinator RCED
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
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.
- To establish a Business Mentorship Training program that is quality and industry focused.
- To develop and nurture Business Mentorship as a career through the establishment of a Professional Mentors Network (PMN).
- To conduct research in MSME-related fields and disseminate the findings to policy makers, Entrepreneurs and other stakeholders.
- To enhance entrepreneurial culture adaptation among students, staff, Kenyans and East Africans through entrepreneurship capacity building forums.
- 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.
- To provide capacity building programs for business incubation managers and officers