Business IDEAS in India for Women
15 women entrepreneurs have been selected for their business ideas by the NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) Indian Institute of Management Bangalore, and Goldman Sachs for incubation over next year as the final phase of its women startup programme.
1, 700 women drawn towards the programme
Introduced in November 2016, the women-based start-up programme drew more than 1, 700 aspiring female entrepreneurs from across the country for a five-week online course focused on encouraging women to identify and test their business ideas. Women who have been selected to incubate (their ideas) at IIMB will receive a fellowship of Rs 40, 000 per month, while they further develop their business ideas.
About the programme
This is a Goldman Sachs-backed customised online and classroom training programme designed to grow next generation of female entrepreneurs. Goldman Sachs (India) Chairman and co-CEO Sonjoy Chatterjee said, "Since 2008, through our 10, 000 women initiatives, Goldman Sachs has been investing globally and in India in the economic empowerment of women through education and access to capital.''
India's entrepreneurial talent reflected
"The innovative business ideas developed through this mass outreach online and classroom programme reflect the entrepreneurial talent in India and the tremendous potential of women entrepreneurs, " he further added.
As per an Indian Express report, Shreya, a homemaker for over 10 years, who previously had a boutique selling designer wear for women, participated in the programme and said, "I have benefited immensely from this IIMB boot camp. After taking the time to focus on my family for the past decade, this residential boot camp format with like-minded women has exposed me to the tools, processes and mentorship necessary to translate my concept into a working idea.''
Later on, 50 women entrepreneurs were selected to attend a three-week boot camp at IIMB to enable each to develop a "problem-solution" methodology for comprehending the success and sustainability of their ventures.
