A Women Startup Programme, free of cost

A Women Startup Programme, free of cost

Posted by P. Charitha on November 18th 2016

Women entrepreneurs constitute only 14 percent of the total number of entrepreneurs in the country. India was placed in the ‘bottom three’ among 31 countries when it came to opportunities for women to start entrepreneurial initiatives, according to a 2015 Global Women Entrepreneur Leaders Scorecard, sponsored by Dell. The U.S. led the list with a score of 71, followed by Canada, Australia, Sweden and the U.K. The scorecard of 31 countries ranked India in the 29th position followed by Pakistan and Bangladesh. And with very few organisations offering entrepreneurial programs to encourage women the task of raising this bar becomes all the more difficult. 
 
As part of their Entrepreneurial Learning programs,N.S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), an entrepreneurship cell at IIM-Bangalore, plans to launch a Women Startup Programme with the support of Goldman Sachs, an investment bank. It seeks to encourage and support women in starting their own business and will be offered at no cost and is open to all aspiring women entrepreneurs.
 
Program offerings
 
They plan to conduct this   programme through a:
 
  • Customised 3-Phase Model
  • With Online and classroom training as well as business incubation
  • Coursework will teach both entrepreneurial and managerial skills
  • Provide mentoring, networking opportunities and access to capital.
  • By leveraging social media, the B-school hopes to get on board an initial 1,000 women for a five-week MOOC (massive open online course) to help them understand various aspects of entrepreneurship, including idea identification and valuation.
 
The top 50 candidates from the online course will be part of a three-week classroom interaction that includes sessions for developing the business idea developing a minimum viable product mentoring. Women will present their business ideas in the final stage, where a selection panel will identify 10 ideas.These women would be offered incubation facility at NSRCEL, along with a monthly fellowship of Rs 40,000 for 12 months. 
 
NSRCEL will be conducting a number of capability building workshops, mini demo days along with mentoring sessions especially for the woman cohort. 
Besides regular NSRCEL mentors, Goldman Sachs' senior leaders will also mentor and share their insights with the participants.
Last Date to apply is 22nd of November 2016.

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