About CED

about-iba

As part of this on-going strategy and in response to the Country's priorities and requirements, IBA conceived the idea of a Center for Entrepreneurial Development (CED) in the year 2006 to foster entrepreneurship and business innovation and to provide advisory and support services to current entrepreneurs with a special emphasis on students and entrepreneurs.

Based on an extensive demand assessment survey and saturation of traditional avenues of employment, it was clear that Pakistan's youth needs alternative, independent and innovative career paths. The surveyed population expressed a keen interest in entrepreneurship with over 66 percent wanting to be self-employed in the near future. Approximately half the surveyed population felt that although they want to establish their own businesses in the future, they lack the knowledge, skills and experience.

Entrepreneurship not only provides the solution to our youth it is also the key driver of growth for all developed and developing economies around the world. More importantly, the CED serves as a focal point for students, working men and women and those considering re-entering the workforce to develop new skill sets allowing career and economic independence.

The CED initiative is designed to improve the competitiveness of the Pakistani economy by strengthening systems for workforce development, improving access to training, jobs and business opportunities for youth. The CEDs target population includes business partnerships, family businesses, self-employed, those presently studying and those working for someone else, but wanting to be entrepreneurs. However, major beneficiaries of IBA's CED program are the youth who are enterprising and willing to venture into businesses, small and medium both, to improve their existing socio-economic conditions.