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IIMB launches nation-wide women start-up programme

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 (WSP).”

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, Kolkata.

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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