NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) of IIM Bangalore in association with Goldman Sachs, an active investor in India and a leading global investment bank, selected 15 women startup programme.
The 15 women who have been selected for the programme at IIMB will get a fellowship of INR 40,000 every month, which they can utilise to further develop their business ideas.
In a statement, Goldman Sachs stated that it is a customised classroom and online training programme aiming to grow and support the next generation female entrepreneurs. Sonjoy Chatterjee, Chairman & Co-CEO of Goldman Sachs (India) said that since 2008, through their 10,000 women initiatives, it has been investing In India and abroad towards the economic empowerment of women by providing access to capital and education. The innovative business ideas generated through the mass outreach classroom and online programmes reflect the entrepreneurial talent in the country and provides an edge to highlight the potential of women entrepreneurs
NSRCEL, with the support of Goldman Sachs, launched the Women Startup Programme in November 2016. The programme is open to all aspiring women entrepreneurs who wish to launch their own venture. Around 1,700 female entrepreneurs from different parts of the country applied for the five-week online course, that focuses on encouraging women to start a new business.
The course at IIMB was designed to address the following aspects:
- Developing a business plan
- Understanding costing and pricing
- Sales and marketing
- Developing negotiation skills
- Developing managerial and entrepreneurial skills
- Giving access to capital
- Providing networking and mentoring opportunities
- Equipping them with tools to strategize & grow their businesses
- Navigating their early ventures