This is an excellent opportunity for women. This funding opportunity called iAspire for Women Founders aims to give women the tools necessary to co-create a table and not just a seat in the startup ecosystem. Through this program you can fullfil your dreams so hurry up and jump into the bandwagon before it is late. Last date to avail the opportunity is 30 November 21.
Sponsoring Agency: Startup India
Type of Fund: Accelerator, Incubation, Mentorship and/or Training
Deadline: 30 November 2021
Size of the Fund: Less than USD $50,000
iAspire for Women Founders aims to give women the tools necessary to co-create a table and not just a seat in the startup ecosystem.
Participants experience hands-on advisory support to maximize growth, gain specialized industry insights and prepare for fundraising and investment opportunities. Focusing on the key challenges faced in their journeys, iAspire acts as a leverage for women to realise their fullest potential and form a community of business visionaries
• VISIBILITY & NETWORKS
• ACCESS TO CAPITAL
• FOCUSED MENTORSHIP
Where are the Women Founders?
• Total VC funding for women founders has dropped from 11% to 2.5% since 2019
• 15.7 million women-owned enterprises represent only 20% of all enterprises
• Many are owned only “on paper” by women but in fact not run by them
• Limited access to business and technical skills
Limited access to business and technical skills
• Lack of visibility and integration due to systemic violence
What they will Do?
• Peer group support with like-minded women
• Access to corporate credits such as AWS, IBM Cloud
• Explore investment opportunities
• Understand financial management, strategy, HR, operations
• Focused review and update business model and resilience / recovery strategy
• Enhance presentation and public speaking skills
• Gain domain knowledge from industry leaders and experts
• Network effectively and expand learning community
• Identify and tackle challenges with expert advice
• Shortlisted Startups will be offered long term onboarding benefits under India Accelerator
Incentives
Fiscal Incentives
• Up to 1,000,00 USD in corporate perks offered by IA across 200 platforms
• A Total gash grant of ₹500,000.00 offered by IA to the top 3 startups
Non-Fiscal Incentives
• Guided mentorship support
• Master Classes and focused work
• Deep dive sessions to work on business strategies
• Digital marketing and PR support
• Fast Pitch Sessions and Demo Days
• Networking opportunities in the community
• Access to co-working space
Access to opportunities for fundraising with India Accelerator’s Network
Detailed Eligibility Criteria
• Women Founder of Startup Registered under Company’s Act 2013
• Technology Seed Stage Startup showing Early Traction
• Operations must be based in and out of India
• Available for a dedicated program for 6 months
• Drive to compete across applicants pan India and secure cash funds and perks
Startups from all industries are invited:
• Agriculture
• Cyber Security / IT / ITES
• Commerce / Retail / Marketplace
• Education / Training
• Financial Services
• Food / Beverages
• Health Services
• Hotels / Catering / Tourism
• Sports / Media / Culture
• Textile / Clothing / Fashion
• Travel / Transport
• Social Impact
Relevant Stakeholder
• Validation Stage Startup
• Early Traction Startup
• Scaling Stage Startup
Procedure Post Submission
• WARMUP: Top 20 Startups will be selected pan India across industries and given access to corporate perks and coworking spaces
• FOUNDATION: Establishing benchmarks and clarity in understanding the hygiene of the startup by working on internationally acclaimed strategies that can be adopted in the day-to-day operations of the business
• FOCUS WORK: Understanding key challenges faced by the founders and their entrepreneurial journeys while working on business functions, revenue modeling, scale and sustainability of their startup
• TRACK AHEAD: Mapping market growth potential, building connections within the community, and gauging and all-round awareness of the ecosystem for future business planning
• CAPITALIZE: Accessing fundraising opportunities through investors and competing for up to an INR 5 Lakh grant
More information at: https://www.startupindia.gov.in/content/sih/en/ams-application/accelerator-program.html?applicationId=616ec9dee4b0324c10f226d3
Eligible Countries:
India
Business Categories:
ICT, Women Entrepreneurs, Startups
