WE Hub announces year-long rural incubation programme
Hyderabad: Women entrepreneurs from rural areas of Telangana now have a chance to become part of the startup ecosystem. State-led incubator for women entrepreneurs, WE Hub has announced a first-of-its-kind year-long rural incubation programme. The incubator has called for applications for the newly launched programme and it is aimed at accelerating existing enterprises as SMEs […]
Hyderabad: Women entrepreneurs from rural areas of Telangana now have a chance to become part of the startup ecosystem. State-led incubator for women entrepreneurs, WE Hub has announced a first-of-its-kind year-long rural incubation programme.
The incubator has called for applications for the newly launched programme and it is aimed at accelerating existing enterprises as SMEs and strengthen the local supply chain.
As part of the cohort about 50 women entrepreneurs across the State in the five targeted sectors namely manufacturing, textiles and handlooms, FMCG, food processing and handicrafts will be selected, a press release said.
The programme aims to develop and establish role model MSMEs led by women in Telangana and the role models will be created in each of the five sectors keeping in view of similar economic and geographic conditions. This will enable WE Hub to showcase and create a model which can be adopted by various government entities in scaling MSMEs to be self-sustaining.
The application for the program will close on March 15 and interested startups can apply https://docs.google.com/forms/d/e/1FAIpQLSfYx9NXCw7q6UHvHEC2zT9BHHI5QxQwB82AMwCYgFb93GmELw/viewform. The final list of startups for the cohort will be selected based on the pitching sessions to the jury of WE hub and the programme will commence from April 1.
In order to get selected, the startup must be a scalable enterprise which is registered and in operation for two years. Women entrepreneur should hold minimum 51 per cent stake. The enterprise must provide employment to 4 employees and it should have a full time and potential revenue generating women entrepreneur.
WE Hub CEO Deepthi Ravula said, “Through our Rural Incubation Program, we wish to scale enterprises right from the ideation stage to SMEs in Tier 2 and Tier 3 regions.”
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