Monday, Jun 27, 2022
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Hyderabad | We Hub Sanctions Rs 4 5 Crore Fund To 13 Women Led Startups
Ads

WE Hub sanctions Rs 4.5 crore fund to 13 women-led startups

By Telangana Today
Published: Updated On - 10:35 PM, Tue - 24 May 22

Hyderabad: Telangana government-led incubator for women entrepreneurs WE Hub on Tuesday announced sanctioning of Rs 4.5 crore fund under the Startup India Seed Fund Scheme to support 13 women-led startups. This is the first investment by WE Hub since its inception and Rs 4.5 crore will be sanctioned in three tranches of which Rs 1.76 crore has been disbursed under first tranche.

With an aim to support women entrepreneurs who face challenges regarding finances, WE Hub applied to be an incubator under the Start-up India Seed Fund Scheme by the Government of India. And as an incubator under SISFS, Rs 5 crore was sanctioned to WE Hub. The incubator received 106 applications from 18 States out of which 13 startups were screened and selected.

These startups are from across different stages starting from the prototype stage to commercialisation stage. Amongst the startups received the funding are Arms4AI, Artfills, Sortizy, Laurik, Nurture Fields, Signel Biomedical, Dygnify were sanctioned Rs 50 lakh each while Abby, Bleu Cares, Cleanseats were sanctioned Rs 20 lakh each, and ShuShu Babies, and Blubot Robotics were sanctioned Rs 15 lakh each while Future Step has been given a commitment of Rs 10 lakh.

WE Hub CEO Deepthi Ravula said, “Access to finance is the most common challenge that we hear from all the women that we engage with. As a solution we are creating channels for women entrepreneurs to avail the capital essential at the early growth stage of their enterprises.”


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


  • Follow Us :
  • Tags
  • Deepthi Ravula
  • Telangana Government
  • WE Hub
  • women entrepreneurs

Related News

  • Opinion: Entrepreneurship gets NEP push

  • Telangana govt’s TDR approach yielding results

  • Sangareddy’s Ganeshpur village to get a BT road first time since independence

  • ‘Admissions Closed’ board displayed at Govt school in Karimnagar

  • TS seeks financial assistance for HUA sewerage development plan 

  • Kakatiya descendant Kamal Chandra to attend cultural festival in Warangal

Latest News

  • Jubilee Hills rape case: Test identification parade of suspects conducted on Monday

    12 mins ago
  • Villagers obstruct SCCL opencast mine expansion work at Yellandu

    23 mins ago
  • IND-W vs SL-W: Sri Lanka outplay India by 7-wickets, avoid whitewash

    29 mins ago
  • FCI should procure rice from millers: Jagadish Reddy

    35 mins ago
  • Hyderabad’s ABAM becomes third makeup academy in Asia to get IMA accreditation

    40 mins ago
  • Fake video of tiger crossing road in Telangana goes viral

    48 mins ago
  • Telangana: D.El.Ed exams between July 4 and 9

    52 mins ago
  • Animal lover from Mancherial pedals 14,000 kms for cause

    53 mins ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam