ENA Sectors 2024-04-16 16:22:47 <p><span style="font-size:14px"><strong>New Delhi, Apr 16 (KNN)</strong> Nikhil Kamath, co-founder of leading brokerage firm Zerodha, has announced the launch of WTFund - a pioneering non-dilutive grant fund aimed at nurturing young entrepreneurs aged 25 and under.</span></p> <p><span style="font-size:14px">This initiative marks one of the first of its kind in providing comprehensive support to exceptional individuals with the potential to revolutionise their respective industries.</span></p> <p><span style="font-size:14px">The WTFund offers a unique growth platform for emerging founders, creators, makers, and dreamers, providing them with financial assistance and the opportunity to engage with a vibrant community of like-minded individuals.</span></p> <p><span style="font-size:14px">Successful applicants will receive a non-dilutive grant of Rs 20 Lakh, enabling them to retain full equity in their ventures.</span></p> <p><span style="font-size:14px">In addition to the grant, beneficiaries will gain access to mentorship pods led by experienced operators, a supportive community through the WTF ecosystem, and valuable feedback opportunities.</span></p> <p><span style="font-size:14px">The fund aims to create an environment that encourages young entrepreneurs to embrace risk and pursue their entrepreneurial ambitions.</span></p> <p><span style="font-size:14px"> The India of today is vastly different from the one I grew up in, said Nikhil Kamath. Back then, the emphasis was on securing stable employment rather than pursuing entrepreneurship and embracing risk. Today, young founders tend to create the most impact within entrepreneurship. At WTF, our goal is to cultivate a culture that encourages young entrepreneurs to embrace risk by providing a comprehensive support system. </span></p> <p><span style="font-size:14px">The WTFund will select forty entrepreneurs aged 25 or below for funding and mentorship over the course of one year. The selected founders will receive support until they secure their first institutional funding round.</span></p> <p><span style="font-size:14px">Applications for the WTFund will open on April 15, 2024, and can be submitted through the WTF Website (<a href="http://www.allthingswtf.com/wtfund">www.allthingswtf.com/wtfund</a>).</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37444 https://knnindia.co.in/news/newsdetails/sectors/zerodha-co-founder-launches-wtfund-to-support-young-entrepreneurs 2024-04-16 16:22:47 knnindia.co.in