The Women Entrepreneurship Platform (WEP) is a scheme launched by the Niti Aayog in partnership with the Small Industries Development Bank of India (SIDBI).
Objectives
- Promotion of women entrepreneurship in the country by empowering them through financial aid and mentoring. Through these measures, the scheme is expected to bring more women into the business fold, which would provide them with more job opportunities and a safe environment.
- Creation of a vibrant entrepreneurial ecosystem with network industry collaborations, partnerships and mentors.
- Scaling-up the initiatives of women entrepreneurs by chalking-out sustainable, long-term strategies for their businesses.
- Curbing the bottlenecks faced by both aspiring and established women entrepreneurs by streamlining information across various government and private-sector schemes.
Features & Benefits of WEP
The WEP is built on three foundational pillars which are:
- Karma Shakti: Hands-on, practical support in establishing and expanding a business idea
- Gyaan Shakti: Providing knowledge and a supportive ecosystem to encourage women’s entrepreneurship
- Iccha Shakti: Motivation for aspiring women entrepreneurs to launch their own business
Apart from this, the programme provides the following benefits to women entrepreneurs:
- Support for incubation and acceleration of startups that are founded or co-founded by women
- Support to start and scale up a business from scratch through professional hand-holding support
- Partnering with organisations to conduct outreach programmes across the country that encourages entrepreneurship among women
- Professional motivating sessions by established women entrepreneurs for mutual learning through sharing of their entrepreneurial experiences and journeys
- Facilitation of corporate partnerships
- Facilitation of apprenticeship with corporates
- Support for funding
- Mentorship by established and successful entrepreneurs
- Free credit ratings for businesses
Gamut of Services
The platform works on the basis of the following principles:
- Icca Shakthi – to motivate aspiring entrepreneurs in pursuing their own businesses.
- Gyaan Shakthi – to provide knowledge and ecosystem support to women entrepreneurs so as to assist them in fostering their businesses.
- Karma Shakthi – to support women entrepreneurs in the establishment and development of their businesses.
Apart from this, the platform renders the following services:
- Financial aid – the scope of monetary assistance includes seed capital, growth capital, line of credit and non-credit support.
- Promotion of offline initiatives and outreach programs so as to propel the spirit of entrepreneurship among potential women entrepreneurs. This will be conducted by partnering with other organizations.
- Incubation and acceleration support to startups founded or co-founded by women entrepreneurs who are registered with the program.
- Identification of skill-gaps faced by entrepreneurs so as to link such entrepreneurs with partners who provide online/offline training on these aspects.
- Marketing and networking support to early-stage or established entities to help them in improving the marketing and positioning of their products.
- Compliance services to registered users, which provides them with the essential tools to adhere to legal compliances, perform registrations, furnish accounts, make loan applications, provide license counselling, and so and so forth.
- A host of specialized services to social entrepreneurship ventures founded/co-founded by women. It is rendered by understanding their specific needs.
- Last but not the least, women entrepreneurs are encouraged to share their entrepreneurial journeys, stories and experiences to create a culture of mutual learning.
WEP Eligibility Criteria
The criteria to be eligible for this programme are women entrepreneurs who:
- Have an established startup
- Have a new startup
- Have a business idea
The following entities who can provide support to women entrepreneurs are also eligible to apply for this programme:
- Research organisations
- Non-Governmental Organisations
- Accelerators
- Incubators
- Corporates
Merits of the Initiative
- Validation and assessment of business ideas.
- Monetary and legal assistance
- Mentoring
- Global market access
- Quick and easy company registration
- Self-certification and compliance
- Tax exemption (for the initial three years)
Registration Procedure
Candidates who wish to be a part of this initiative may pursue their registration through the website.
Can I be a Partner?
FAQs
The program welcomes corporate entities, research organizations, incubator/accelerators or successful startups to be associated with it if it can render tangible support and expertise.
Associated Partners?
- SIDBI
- CRISIL
- Mann Deshi Foundation
- WEE Foundation
- Dice Districts
- Facebook India
- NASSCOM
- ICAI
- Digital Leadership Institute
- com
- United Nations
- FiCCI
- CCI
- Gen India
- Content Pixies
- Finsafe India
- Lee Keshav
- ALC India
- Coworkln
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