Hyderabad: Women Entrepreneurship Hub (WE-Hub) Hyderabad has partnered with NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) at the Indian Institute of Management Bangalore (IIMB) to incubate the startups selected from Telangana and surrounding States, of the 100 women entrepreneurs selected from the Women Startup Programme (WSP).
WE-Hub CEO Deepthi Ravula told Telangana Today, “The incubator will work with all the startups in and around Telangana, from across verticals. These startups work on a wide ranging concepts and solutions from financial risk to chemical-free disinfectants. We will enable them with the needed infrastructure, incubation support and everything that helps them scale up. We have signed a memorandum of understanding (MoU) with NSRCEL on March 8 towards this.”
“We are looking at partnering with several startup incubation programmes. Our aim is to make WE-Hub a robust virtual incubation platform for startups from across the globe, staying sector agnostic,” she added.
The NSRCEL has selected 100 women entrepreneurs-in-the-making and their ideas for incubation. The women selected were graduates from the 2018 class of the nationwide ‘Women Startup Programme (WSP)’, which is supported by Goldman Sachs, a global investment bank and active investor in India, and the Department of Science & Technology (DST), Government of India.
The WSP is a customised online and classroom-training programme designed to help Indian women entrepreneurs to systematically identify and test their business ideas. It provides an in-depth training to nurture and augment their managerial and entrepreneurial skills through mentorship from industry veterans, incubation at leading institutes and financial support. The women represented States such as Telangana, Andhra Pradesh, Karnataka, Maharashtra and Madhya Pradesh.
The selected 100 women entrepreneurs will receive a fellowship of Rs 30,000 per month in addition to a prototype development fund to help kick-start their ventures from the DST. From that group, ten women identified to have the best ideas will also be provided with an opportunity to go on a startup study trip to Israel. This year, the incubation class will focus on sectors across society and industry, including construction, ecommerce and retail, education, healthcare and wellness, finance and manufacturing.
The incubator has also recently partnered with Women Entrepreneurship Platform, a Niti Aayog initiative. It is a unified access portal that brings together women from different parts of India to realise their entrepreneurial aspirations.
She said, “WE-Hub is the first State incubator that has tied up with Niti Aayog for its Women
Entrepreneurship Platform. We intend to serve through policy enablement. We will also be collaborating with the technical working groups.”
In March this year, WE-Hub has also signed MoUs with the cloud computing major Salesforce, technology business incubator Association for Innovation Development of Entrepreneurship in Agriculture (a-IDEA) located at NAARM and PricewaterhouseCoopers (PwC).