Kotak Mahindra Bank, NSRCEL IIM Bangalore Launch 5th Women Startup Programme, Rs 3 Crore Funding for 23,053 Entrepreneurs

Kotak Mahindra Bank and IIM Bangalore's NSRCEL start 5th cohort Women Startup Programme, offering Rs 3 crore funding, mentorship, and networking opportunities for 23,053 women entrepreneurs across 24 states. Visit NSRCEL IIM Bangalore.

Posted by by Samiksha SIngh July 25, 2024 3:58 pm 3 Min Read
Kotak Mahindra Bank, NSRCEL IIM Bangalore Launch 5th Women Startup Programme, Rs 3 Crore Funding for 23,053 Entrepreneurs
Kotak Mahindra Bank, NSRCEL IIM Bangalore Launch 5th Women Startup Programme, Rs 3 Crore Funding for 23,053 Entrepreneurs

NEW DELHI, July 25, 2024 – Kotak Mahindra Bank Ltd. (KMBL) and NSRCEL at IIM Bangalore have started the fifth Women Startup Programme. This initiative, part of KMBL’s Corporate Social Responsibility (CSR), aims to support female entrepreneurs across India. The programme will distribute Rs 3 crore among the best-performing ventures to help them grow their businesses.

Women Startup Programme: Empowerment, Funding, and Structure

Empowering Women Entrepreneurs: This programme has already helped over 23,053 women from 24 states in sectors like technology, social impact, agriculture, retail, healthcare, energy, textiles, and more.

Funding Details: Rs 3 crore will be given to the top ventures in the programme.

Programme Stages: The programme includes a foundation course, pre-incubation, and incubation stages to help women entrepreneurs develop their ideas.

Women Startup Programme: Learning Journey

Educational Phases: The programme begins with a 5-week Foundation of Entrepreneurship (FOE) course. After this, there is a 2-month virtual pre-incubation phase for prototype development. Successful candidates will then join a 5-month incubation phase at NSRCEL to further develop their businesses.

Guidance: Participants will receive help with business planning, marketing, finance, and operations. Mentors, including experienced entrepreneurs and industry experts, will provide guidance.

Women Startup Programme: Networking Opportunities

The programme focuses on networking, offering participants the chance to connect with other women entrepreneurs and industry leaders. They will have access to IIMB faculty, startup kits, and legal advice on trademarks, patents, and intellectual property.

Participants will receive mentorship from experienced entrepreneurs and industry experts, helping them navigate the business world.

Empowering Economic Growth Impact

Anand Sri Ganesh, CEO of NSRCEL, said, “With Kotak Mahindra Bank’s support, we have made a significant impact on India’s economy by fostering innovation and entrepreneurship. We support ventures in both major cities and smaller towns, driving economic growth and creating jobs. By empowering women entrepreneurs, we contribute to the broader economic development of our nation.”

 

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Samiksha SIngh
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Samiksha is a veteran journalist with over twenty years of experience, having worked with top outlets like Click News, and India TV. Currently at therisingnews.com, Samiksha excels in crafting detailed, accurate, and engaging Education news articles. His work is known for its clarity and accessibility, making complex topics understandable for all readers, including fifth graders. Samiksha commitment to ethical journalism and quality content often sees his articles achieving top story status on platforms like Google News.