VMentor.ai and Wadhwani Foundation to jointly set up MSME incubator
Chennai, June 21 (KNN) VMentor.ai, a mentorship platform has partnered with not-for-profit Wadhwani Foundation to develop a micro, small and medium enterprises (MSME) incubator in India.
The alliance will offer specialised and subsidised mentoring by industry veterans to eligible MSMEs, with a revenue turnover between Rs 5 crore and Rs 100 crore.
It will unlock their potential for growth quicker and with a more strategic outlook than what the MSMEs’ own capacities would have allowed.
Commenting on the partnership Samir Sathe, Executive Vice-President, Wadhwani Advantage said, “Our strategic partnership with VMentor.ai is a win-win for both the organizations as both of us have a mission to help MSMEs by accelerating their growth.”
Dr Srinivas Chunduru, Founder, VMentor.ai, said “This alliance is an important step towards creating India’s first MSME incubator that will help the MSME growth trajectory through structured and well-established methodology aptly aided by technology. Leveraging other platforms of VMentor.ai such as Yugma (Platform for Students of Engineering and MBA) will help create the right ecosystem for MSME growth.”
The combined frameworks and tools of the two mentor organisations would allow a Do-It-Yourself (DIY), a high-impact delivery model for smaller companies and an adviser-led consulting and project management delivery model for larger companies.
In this incubator programme, the best practices of each of the partners would be leveraged for the MSME sector – intellectual property, market outreach and networks, execution talent and processes.
It would also lead to a community platform where MSMEs can access hundreds of knowledge assets, courses, and master classes. (KNN Bureau)