New Delhi: IIM Udaipur’s Incubation Center has inaugurated the first batch of the 12-week Women-in-tech Accelerator Program, that aims to empower female founders of the startups.
The Incubation Center of IIM Udaipur has launched the accelerator programme to encourage and support women’s participation in tech, data, and management careers.
The Department of Science and Technology has powered this 12-week participant-centered accelerator program, which will primarily focus on supporting highly innovative and scalable women-led tech ventures.
The course has been specifically designed for female founders who aspire to acquire the tools, knowledge, and connections to take their startup to the next level.
Each qualifying startup will receive up to ₹50,000 in cash prize, extensive training, mentoring and technical guidance, alongwith introductions to corporate leaders and industry experts, networking opportunities with potential investors, and ongoing advisory support for next 12 months.
Interested start-ups can check the admission criteria and apply to the IIM Udaipur’s first batch of the Women-in-Tech Accelerator program
According to the IDC, only 24% of women hold senior leadership positions in technology. As a result, the accelerator program is based on the premise that gender diversity in the workplace will add enormous value to the business, the economy, and society.
Speaking at the launch of the WiT program, Suresh Dhaka, CEO at IIM Udaipur’s Incubation Center said that the absence of adequate diversity, equality, and inclusivity in the global technology sector, specifically in terms of women’s representation, has become a mainstream concern.
The Incubation Center encourages more women to join in technical roles, where they can have a better grasp of their clients, the best business model for their company, different sources of finance, and knowledge on how to build good commercial partnerships.
The IC is hoping to scale a total of 15 women-led technology firms through this Wit program, Dhaka said.
IIM Udaipur WiT Program 2022: Who Should Apply?
The accelerator program is generally suited for seed to early-stage revenue-generating tech startups and businesses that are based in India and have Indian founders and operations. Following are the prerequisites for the WiT course:
- The woman should be a member of the founder’s team with a significant equity stake or in a position of C-suite leadership.
- Deep-tech startups that leverage technologies like AI, machine learning, augmented reality, virtual reality, blockchain, and others are preferred.
- The applicant should have achieved some degree of validation/traction – should have a minimum viable product or service with a market fit, viable commercialization, and scope of scaling.
- The applicant should be legally incorporated and in existence for more than a year.
Based on the above criteria, IIM Udaipur Incubation Center will select a total of 15 women entrepreneurs for the WiT Acceleration Program through a two-stage competitive procedure.
- Part 1: Application Process.
- Part 2: Interview for shortlisted candidates.
Eligible startups can submit their online applications till June 15, 2022.
Direct Link: Apply Online for the WiT Acceleration Program 2022
Participants will get access to the following supports:
- Expert-led workshops
- Facilitated group sessions with other entrepreneurs
- 1-2-1 support
- Support developing and practicing your pitch
- Networking and events
- AWS,Razor pay, and Zoho credits
IIM Udaipur WiT Program 2022: Course Details
The WiT programme will be delivered through hybrid mode with 5 days of in-classroom workshops at IIM Udaipur Campus in August.
However, the AICTE mentoring sessions and expert interactions will be held virtually. The final demo day bootcamp will be held either online or in-person at IIM Udaipur during the month of November, 2022.
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