Civic Tech Innovation

Women Entrepreneurship Platform takes off

The initiative is expected to reduce gender disparities in start-up investments.

Bengaluru:

Eight Indian based venture capitalists and funding agencies have joined the United Nations India-NITI Ayog Investor Consortium for Women Entrepreneurs, a platform that supports prospective and present women entrepreneurs in the country.

This consortium is expected to reduce gender disparities in start-up investments by providing mentorship and networking opportunities for women entrepreneurs.

The Women Entrepreneurship Platform (WEP) was launched in March on the occasion of Women’s Day, but the consortium to enable the platform was created recently in Bengaluru.

Women entrepreneurs will be identified through key partners, including WEP, UN Women, and UNDP. Then they will linked with relevant members in the consortium.

Seed Fund, SIDBI, Aavishkar, Omidyar Network, Ankur Capital, Trust Group, WeHub and Stanford Angels and Entrepreneurs India are part of the consortium.

 

It is estimated that up to $5 trillion is needed in a year to implement UN’s Sustainable Development Goals (SDGs) worldwide. Return on investments on implementing the SDGs could be about $30 billion a year.

The UN India Business Forum, an alliance of India’s businesses, financial institutions, the government and the UN, aims to accelerate India’s rapid growth and achieve the SDGs.

 

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