Golden Opportunity for STEAM women
The mentorship program will emphasize on women entrepreneurs in either of the STEAM (science, technology, engineering, arts, and mathematics) fields. Moreover, the selection committee would also be looking for entrepreneurs who have futuristic business ideas or business ideas with potential social impact. WEE Foundation has shared through a Facebook post that there are no application charges or course charges for the above program. Notably, all the participating womenpreneurs will have a chance to receive a grant worth Rs. 5 Lakhs from the Department of Science and Technology. Statistics suggest that around 75 percent to 90 percent of startups around the world fail in the absence of a favorable ecosystem and many of these ventures fail to generate traction in the market. Therefore, IIT Delhi has taken an initiative, Women Entrepreneurship and Empowerment to encourage women entrepreneurs and boost the startup ecosystem.
Making Entrepreneurship a medium to reduce unemployment
WEE IIT mentorship program intends to reduce the failure rate of startups by enabling startups to gain visibility, get traction and leverage strategic partners for the same. It is aimed at making entrepreneurship a medium of reducing unemployment. The program will also include a classroom program for the budding entrepreneurs to equip them with the necessary tools to initiate, validate and refine their business ideas. The classroom program will run over a period of three months and classes will be held on Sunday in the IIT Delhi campus. Additionally, classes in the second and third-month will provide them with market & customer insights and the required skillset to upscale a business to reach the unit economics. Moreover, the program will also offer post-graduation support by enabling access to a global network of startups, mentors, and service providers to leverage their expertise. It will also help them in reaching out to a wider audience and sharpens their business fundamentals in order to attract better investment opportunities.
Also Read: 8 Successful Home Business Ideas for Mompreneurs
WEE was founded under the vision of Prof V. Ramgopal Rao, IIT Delhi Director in 2016. Under the WEE IIT mentorship program, a batch of 30 womenpreneurs is trained every six months. Remarkably, the WEE foundation has so far trained 500 women entrepreneurs in urban India and 8,500 women from rural India. If you are also looking for guidance with your new startup, apply now to enroll in the WEE IIT Mentorship program before the deadline gets over on December 18.
