WE HUB to develop women-led Role Model MSMEs in Telangana
Hyderabad, Feb 11 (KNN) WE HUB has launched its Flagship Rural Incubation Program for Women Entrepreneurs in Telangana to develop Role Model MSMEs through this yearlong program.
The program will incubate 50 women entrepreneurs across the state in the five targeted sectors namely manufacturing, textiles and handlooms, FMCG, food processing and handicrafts, said the press release.
It is a state-led incubator to foster and promote women entrepreneurship to start up, scale up and accelerate with global market access.
The program is launched with a two-fold vision of accelerating existing enterprises as SMEs and strengthening local supply chain.
The final list of startups for the cohort will be selected based on the pitching sessions to the jury of WE HUB and the program will commence fr0m 1st April 2022 after the selection of the startups.
Jayesh Ranjan, IAS, Principal Secretary at IT E & C Dept, said," The first ever flagship year-long Rural Incubation program will be one more step towards creating greater impact for women entrepreneurs towards increasing the per capital income for Telangana and India."
Deepthi Ravula, CEO of WE HUB, said, "Through our Rural Incubation Program, we wish to scale enterprises right fr0m the ideation stage to SMEs in Tier 2 and Tier 3 regions.“
A cohort of 50 startups will be launched for the rural incubation program.
These startups will be given orientation on the program in detail and will receive an opportunity to attend webinars and one-on-one interview sessions by industry experts at WE HUB.
The yearlong program will scale up micro and nano women led enterprises through the intervention of technology and/or automation, thereby upgrading them as small and medium enterprises (SMEs).
Additionally, through the program, WE HUB is looking to create local employment of the MSMEs in the coming two years. (KNN Bureau)