This occupational standard equips learners with foundational knowledge and skills required to initiate and manage entrepreneurial ventures effectively. The course guides learners in generating, testing, and refining business ideas, identifying customer segments, analyzing competitors, and creating prototypes or minimum viable products. It also covers the legal and regulatory framework for businesses, including choosing suitable business entities, completing registration procedures, obtaining licenses, and understanding financial and legal implications. Additionally, learners gain insights into business risk management, ethical practices, corporate social responsibility, and establishing clear roles, accountability, and codes of conduct to ensure sustainable and socially responsible business operations. Mentorship and handholding support for enterprise establishment may also be availed by students through our Incubator, the Institute for Industrial Development (IID), which operates in partnership with the Ministry of MSME, Government of India. IID has a strong network of over 2,000 industry mentors who will guide and support these candidates throughout their enterprise development journey. IID will provide mentoring and handholding support to candidates throughout the enterprise development journey for a period of six months.