IIMB launches nation-wide women start-up programme

Odisha Uncategorized
Bhubaneswar, January 10, 2018: The NS Raghavan Centre for
Entrepreneurial Learning (NSRCEL) at Indian Institute of Management Bangalore
(IIMB) has announced the launch of the nation-wide “Women Start-up Programme
Under the WSP, training will be provided to around 12,000
women through its five-week ‘Do Your Venture’ Massive Open Online Course
(MOOC), which has been customised to encourage women to systematically identify
and test their business ideas in coming years.
Out of the 12,000 women as many as 300 women
entrepreneurs-to-be will be shortlisted for a boot camp to be held at partner
campuses in the towns nearest to them, where they will receive classroom instructions
on communications and customer interaction.
From the 300 ventures, a select of 100 women entrepreneurs
will then travel to IIMB for a second boot camp, where they will receive
classroom instructions on developing a business plan, understanding costing and
pricing, sales and marketing, and negotiation skills.
After the completion of the boot camp, these women
entrepreneurs will have their business ideas incubated for a year at a partner
institution of their choice where each woman will also receive Rs 30,000 per
month for financial support and funding from a small prototype fund to run
their ventures. The partner institutions are CIIE’s Innocity, Ahmedabad, IIM
Indore, IIM Nagpur, IIM Udaipur, IIM Visakhapatnam, and Presidency University,
The WSP is being funded by Goldman Sachs (NYSE: GS), a global
investment bank and active investor in India, and supported by the Department
of Science & Technology (DST), Government of India.
The WSP is India’s first customized online and classroom
initiative designed to enthuse aspiring female entrepreneurs-in-the-making
across the country. The programme seeks to facilitate the growth of women
entrepreneurs by providing in-depth training to foster and augment managerial and
entrepreneurial skills through mentoring, incubation, and financial support.
“Building off the positive feedback from our pilot programme,
we have been keen to expand our work to help women across the country,” said Prof
Suresh Bhagavatula, Chairperson, Entrepreneurial Ecosystem Development, NSRCEL
at IIM Bangalore.

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