Indian Institute of Technology along with Mangalore Refineries and Petrochemicals Ltd (MRPL) has announced a drive to support women entrepreneurs in the country. The initiative named as La Eve aims to identify innovative female found startups and provide a comprehensive entrepreneurial support programme.
The initiative will be controlled by the Entrepreneurship Development Centre, Laboratory, Venturing and Entrepreneurship (LIVE) at IIM Kozhikode with the help of the startup fund from Mangalore Refineries and Petrochemicals Ltd. MRPL had last year entered into a Memorandum of Understanding with IIM Kozhikode and since then has helped 11 start-ups at IIM Kozhikode LIVE with funds.
With the La Eve initiative, IIM Kozhikode LIVE will identify women-founded start-ups and provide them with incubation which will give them access to the institutions' intellectual, network and infrastructural resources. MRPL will also help these women-founded startups with funds from the start-up funding initiative under the stat-up India Programme.
IIM Kozhikode Director Professor Debashis Chatterjee while speaking about the initiative said that an economy cannot grow at its full potential if a section of people is not contributing to it actively. Promoting and supporting women entrepreneurship can help in contributing to the country’s economic goals in a significant way.
The ventures which fall under the tag of start-ups and are eligible to apply for the La Eve initiative are those which are registered under the Companies Act of India and are founded by a majority of women.
An early-stage startup with a minimum viable product or a proof of concept will be considered for the initiative. The start-ups selected will be provided support funds of up to 25 lakhs with structured incubation programme and task-based mentoring along with access to professional services, co-working space, training and workshops with other benefits on the campus of IIM Kozhikode.