WE Hub selects 89 start-ups for second cohort of ‘Her&Now’ programme
The first cohort of 30 startups from Telangana graduated in August by formally registering their enterprises and raising finances through credit linkages and equity investments.
Hyderabad: Telangana State-led incubator for women entrepreneurs, WE-Hub on Friday announced the selection of 89 startups out of a total of 600 applications for the second cohort of Her&Now programme. Implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and joint effort of Indian Ministry of Skill Development and Entrepreneurship (MoSDE), the programme aims to support aspiring and existing women entrepreneurs.
The first cohort of 30 startups from Telangana graduated in August by formally registering their enterprises and raising finances through credit linkages and equity investments. The pitching process had close to 150 women entrepreneurs out of 600 applicants, and each pitch was evaluated across 14 selection criteria with external jury members in the panel. Some of the startups shortlisted are Envi Robotics, Nuture Fields, Ladoo Box, Venica Herbals, ASARA Products, Verma Foods, Lesperanzau, SR Silks etc.
Telangana IT and Industries department principal secretary Jayesh Ranjan said, ‘For the second cohort we are happy to witness an escalated participation of women entrepreneurs from 28 to 89 into our innovation ecosystem. With WE-Hub, we look forward to foster and support many more entrepreneurs in the future.’’
WE-Hub CEO Deepthi Ravula said, “Our partnership with GIZ enables us to invest in entrepreneurship in tier 2 and tier 3 cities where innovation is booming. We are looking forward to helping these select enterprises thrive.”
The programme will have an incubation program for seven months to help women entrepreneurs who have been running an informal enterprise and want to start up on their own and establish their enterprises. The acceleration program is a six-month programme to help formally registered, women-led, for-profit enterprises from Tier 2 and 3 cities of Telangana to scale up.
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