‘Women Start-up Programme 2018’
IIM Nagpur seeks to participate and lead endeavors that benefit contemporary business and are socially relevant. In this context, IIM Nagpur seeks to be a leading center for entrepreneurial studies and start-up incubation center in India. As part of this effort, the Centre for Entrepreneurship at IIM Nagpur has started incubating 10 women entrepreneurs as part of the Women Startup Programme (WSP). WSP is being conducted in collaboration with NSRCEL, IIM Bangalore with support from the Department of Science & Technology, Govt. of India, and Goldman Sachs. The women entrepreneurs currently incubated by IIM Nagpur are working in different sectors such as Adventure sports, Astronomy education, Textile design, Customized pet foods, Food search & discovery service, Finance, Health & Sanitation, and Civic Society. The women entrepreneurs are being provided a monthly stipend of Rs. 30,000/-, as well as working spaces in Nagpur, Mumbai, and Pune. IIM Nagpur also intends provide the women entrepreneurs a prototyping grant based on their requirements in future.
The ‘Women Startup Programme’ consists of four stages:
- Stage One: Participants enrolled for ‘Do Your Own Venture’, a ‘massive open online course’ (MOOC) customized especially for women entrepreneurs addressing challenges faced by them. In 2018, the course began on 22nd January, 2018 and concluded on 3rd March, 2018 (six weeks duration).
- Stage Two: A boot camp for 30 participants was held at IIM Nagpur from 2nd to 7th April, 2018 where the participants went through sessions broadly covering legal aspects of registering a firm and compliance, design thinking, startup ecosystem enablers, customer validation, branding, and evolution of organizations. The participants pitched their idea to a panel of judges at IIM Nagpur who selected 10 women entrepreneurs for incubation.
- Stage Three: These shortlisted women entrepreneurs attended a second boot camp at NSRCEL, IIM Bangalore from 30th April, 2018 to 10th May, 2018 along with 90 other women-entrepreneurs from across India.
- Stage Four: The 10 women entrepreneurs have been offered mentoring and incubation facility for 12 months by IIM Nagpur starting from June, 2018.
During the incubation, industry experts, domain specialists, and faculty members of IIM Nagpur are mentoring the 10 women-entrepreneurs. Their progress as well as mentoring needs are being periodically reviewed by Prof. Thiagu Ranganathan, Chairperson for WSP- 2018, and Prof. Saroj K Pani, Chairperson, Centre for Entrepreneurship, IIM Nagpur.
For more information about WSP, you may kindly refer to: http://wsp.nsrcel.org/ or may reach out to Mr. Shivaji S Dhawad, Manager, WSP at IIM Nagpur on email: firstname.lastname@example.org | mobile: +91-7767014304.