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'Telangana on a mission to emerge as women entrepreneurs' hub'
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IANS | 09 Mar, 2023
The government of Telangana is on a mission to make the state a women
entrepreneurs' hub, Industries Minister K.T. Rama Rao said on Wednesday.
Rao said the upcoming launch of a single window
mechanism and targeted interventions will provide a professional
identity for women entrepreneurs and enable them to scale their
businesses, creating more employment opportunities in Tier 2 and 3
cities.
The minister was speaking at an event organised to mark
the fifth anniversary of 'WE HUB', India's first and only state-led
incubator.
He said WE HUB has played a significant role in engaging with over 35,000 women entrepreneurs across India.
The
achievements of women entrepreneurs were recognised and they were
honoured for their contributions at the event organised on the occasion
of International Women's Day.
According to the organisers, WE HUB
has been a beacon of hope for women entrepreneurs in India over the
past five years, providing them with the resources and support they need
to succeed in the business world.
A video presentation was made
showcasing the projects, initiatives and programmes that have helped
women entrepreneurs in their entrepreneurial journey. Five successful
women entrepreneurs shared their inspiring stories of overcoming
challenges and achieving success in their respective fields at the
event.
Jayesh Ranjan, Principal Secretary, Information Technology
(IT), emphasised the importance of women's participation in
entrepreneurship and applauded WE HUB's role in promoting women
entrepreneurs.
Over the past five years, WE HUB has incubated
3,194 startups and SMEs founded by women. It has successfully engaged
with over 5,000 women entrepreneurs, 1,247 students, 986 social impact
entrepreneurs and 609 urban entrepreneurs. The incubator has been
actively working towards enabling women-led startups across sectors.
"At
WE HUB, we believe that women entrepreneurs are a force to be
recognised. Our mission is to provide them with the resources and
support they need to succeed, regardless of their background or social
circumstances. Through our work, we have seen first-hand the incredible
impact that women can have on their communities and the economy," said
WE HUB CEO, Deepthi Ravula.
WE HUB is the first-of-its-kind and
only state-run platform for women entrepreneurs run by the government of
Telangana. It aims to create a supportive community for aspiring and
existing women entrepreneurs where they can interact with venture
capitalists for funding, connect with corporates for scaling up their
business, get advice from mentors to fine-tune ideas and benefit from
technical mentoring.
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