The NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) at the Indian Institute of Management Bangalore (IIMB) and Goldman Sachs have selected 15 women entrepreneurs-in-the-making and their ideas for incubation over the next year as the final phase of its Women Startup Programme. This is one of the first leading global investment banks that has ventured into an initiative to empower women in the field of entrepreneurship. The Women Startup Programme commenced in the month of November last year (2016). The programme drew more than 1,700 aspiring female entrepreneurs from across the country for a five-week online course. The course focused on encouraging women to analytically identify and thereafter put to test the viability of their business ideas.
After screening test, 50 women entrepreneurs were selected eventually to attend a three-week boot camp at IIMB to enable each participant to develop a robust 'problem-solution' methodology for comprehending the success and sustainability of their ventures. The final round of the programme concluded in a one-on-one demo day on February 25, 2017. In this round participants presented to a panel of entrepreneurs, Goldman Sachs professionals, and business leaders, including PC Mustafa, Founder & CEO of ID Fresh Food; Manish Singhal, Founding Partner of Pi Ventures; and Abhay Hanjura, Founder & CEO of Licious. As mentioned earlier, in the final level of this programme top-12 business ideas were to be selected. But, instead, the final round saw 15 ideas getting selected by the panel.
Prof. Suresh Bhagavatula, Program Director at IIMB and Chairperson, Entrepreneurial Ecosystem Development, NSRCEL at IIMB, mentioned that “Technology, either as the core business idea or using technology to scale, was a key theme in the programme. Many ideas also focused on community. Through the boot camp, our women entrepreneurs-in-the-making were able to learn and apply business acumen and technology expertise to help their ideas continue to grow into a viable business.”
The eye candy of this initiative is that there is no programme fee for enrolling and becoming an entrepreneur. For more information about the Women Entrepreneurship Programme, you can visit the official website as well.
IIM- Bangalore (IIMB) is a premier B-School of India which accepts CAT Score to grant admission to the MBA aspirants. The institute offers programmes such as Post Graduate Programme in Management, Post Graduate Programme in Enterprise Management and Post Graduate Programme in Public Policy & Management.
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