Ecosystem Mapping for Nano Enterprises

Nano-entrepreneurs form an integral part of the entrepreneurial ecosystem.  As illustrated in an op-ed by deAsra aiming to define nano businesses, the Consortium of Indian Associations (CIA), an apex MSME body representing around 50 MSME associations spread across the country, has demanded the government to create a separate ministry for micro enterprises for better focus and policy support. The challenges faced by nano enterprises need a special spotlight on them in order to be addressed affectively and swiftly. Access to credit, technology and marketing skills remain some of the most prominent areas of concern for nano-enterprises. However, despite the large number of nano-enterprises, policy limelight is often attracted by organized small and medium enterprises. Therefore, ecosystem enablers working in the space of nano entrepreneurship development have a crucial role to play in uplifting the business journeys of this segment of the entrepreneurial ecosystem.

The ecosystem to accelerate the growth of nano and micro entrepreneurs has seen a progressing shift wherein some key support areas that have been delved into by various ecosystem members are, legal & compliance, marketing, access to finance and mentorship.