The central government’s thinktank NITI Aayog has launched the fourth edition of Women Transforming India (WTI) Awards 2019 under its Women Entrepreneurship Platform in collaboration with the United Nations. Women Transforming India (WTI) Awards is being organized to recognize women entrepreneurs across India.
Amitabh Kant, CEO of NITI Aayog, Renata Lok-Dessallien, UN Coordinator in India and partners of Women Entrepreneurship Platform including Atal Innovation Mission and WhatsApp were present during the announcement.
Amitabh Kant, CEO NITI Aayog, Renata Lok-Dessallien, UN Coordinator in India and partners of Women Entrepreneurship Platform (WEP) including WhatsApp and Atal Innovation Mission were present during the launch. It will recognize women who are trailblazers in innovation and are breaking the glass ceiling to create change and transform India.
The latest edition will recognize women for innovation who are breaking the glass ceiling to change India. Renata Lok-Sessallien addressed the gathering saying that WIT Awards is a movement for transforming India and the initiative has brought 6,000 stories together.
WhatsApp has collaborated with the NITI Aayog for WTI Awards 2019 and will provide support amounting to INR 70 lakh to the winners.
Amitabh Kant said that India’s economy cannot grow at 9-10% until half of the population is in the workforce and wherever NITI Aayog has supported women, entrepreneurs, they performed better than men in all aspects. Women Entrepreneurship Platform aims to promote and support struggling and established women entrepreneurs in India, he added.
The platform currently has more than 5,000 women entrepreneurs registered. With more than 30 partners, the platform has committed funding of more than INR 70 crores for these women-led startups.
R Ramanan, mission director of AIM, said that there are 108 women-led startups in the ecosystem and they plan to launch a specific women-focused accelerator.
The initiative comes at a time when the government is trying to support women entrepreneurship. India ranks 29 out of 31 countries on ease of doing business for women, according to the Global Women Entrepreneurs Leader Report.
DPIIT has announced several initiatives to support women entrepreneurs in partnership with Startup India. DPITT has promised that one-third of beneficiaries of all the programs organized by it should be women.
DPITT will also work with other government departments to reserve one-third of the benefits for women in entrepreneur specific schemes. It will also work with ministries and state government to ensure that a minimum of one-third participants in startup and entrepreneurship development programs are women.
To support women-led firms with funding, DPITT shall organize interactions with venture capitalists supported by SIDBI and other lending institutions including banks and NBFCs. Startup India will design women-focused entrepreneurship development programs both online and offline.