The number of women-owned businesses is growing rapidly, Women only constitute 40 % of the workforce and 10 % of entrepreneurs across the world today. Women entrepreneurs in India and across the world continue to have difficulties with the following:
1. Access to capital & proper infrastructure
2. Appropriate industry connections
3. Affordable childcare
4. Balancing professional & personal life
5. Business knowledge/basics
6. Counseling & life coaching
7. Community to support Women Entrepreneurs
8. Transportation & safety
The Government of Telangana, India is making giant strides towards developing the state as a major hub for Innovation and Entrepreneurship. The flagship initiatives of the state of Telangana in this direction include State Innovation Cell, T-Hub, T-Works. Owing to these and the progressive policies of the state of Telangana, Hyderabad was selected to host the prestigious Global Entrepreneurship Summit (GES) 2017.
The theme at the GES 2017 was “Women First, Prosperity for All” and focused on what can and should be done to foster and promote entrepreneurship among women. Identifying the need for an exclusive platform to support and guide Women Entrepreneurs in their start-up story, the Government of Telangana announced during the GES, WE Hub.
WE Hub is a start-up incubator exclusively for women entrepreneurs. Through WE Hub we aim to support women entrepreneurs with innovative ideas, solutions and entities focusing on emerging areas in technology. WE Hub will also support under-explored / unexplored sectors along with the Service sector. The mandate and goal of WE Hub is to eliminate financial, societal and support barriers for women and help them succeed in their enterprises.
Through our primary activity, we plan to create an ecosystem across India and the world. WE Hub is envisioned to create a supportive community for aspiring women entrepreneurs where they can interact with VCs for funding, connect with corporates for scaling up their business, get advice from mentors to fine tune ideas, avoid costly mistakes, and march forward on the path to success with renewed confidence.
1. Access to capital
2. Access to Mentors
3. Access to Infrastructure
4. Access to Support services
5. Access to Venture Capital pitch events
6. Guidance on Business Branding, Partnerships, and Marketing
7. Legal and auxiliary services support
8. Peer-peer/Founder’s connections
9. Pre-accelerator programs
10. Strategic consulting
WE Hub is also going to focus heavily on virtual mentoring so women anywhere in India and across the world can be a part of the ecosystem. WE HUB is looking forward to and is already in touch with 135 incubators which would build a pool of incubators. We Hub aims to attract not only Indian, but also international women owned businesses to Hyderabad.
Tech start-ups would go through a typical incubation program and would be provided connects with mentors, prospective clients, and investors. For entrepreneurs planning to set up a small business, focus would be more on helping them incorporate the firm, teaching business basics, and getting the operations off ground.
Apart from all the regular advantages of going through an incubation program, Government will give first preference to startups in WE HUB during a preferential procurement process and Networking with like-minded focused women entrepreneurs and mentors who have traveled through the same journey.