IIM Udaipur Incubation Center Aims To Empower Female Founders Of Startups

A 12-week participant-centred accelerator program designed for female founders to take their startup to the next level

To encourage and support women’s participation in tech, data, and management careers, IIM Udaipur's Incubation Center inaugurated the First Batch of the new Women-in-tech Accelerator Program. This 12-week participant-centred accelerator program, powered by the Department of Science and Technology will be focused on supporting highly innovative and scalable women-led tech ventures. The course is designed for female founders who aspire to acquire the tools, knowledge, and connections to take their startup to the next level. Each qualifying startup receives up to ₹50,000 in cash prize, extensive training, mentoring and technical guidance, as well as introductions to corporate leaders and industry experts, networking opportunities with potential investors, and ongoing advisory support for the next 12 months. Eligible startups can now apply to the first batch of this program, the Women-in-Tech Accelerator program.

According to IDC, only 24 per cent of women hold senior leadership positions in technology. As a result, this course is based on the premise that gender diversity in the workplace adds enormous value to the business, the economy, and society.

The accelerator program is ideally suited for seed to early-stage revenue-generating tech businesses that are based in India and have Indian founders and operations. The following are the prerequisites for this course:

  • The woman should be a member of the founder’s team with a significant equity stake or in a position of C-suite leadership 
  • Deep-tech startups that leverage technologies like AI, machine learning, augmented reality, virtual reality, blockchain, and others are preferred.
  • The applicant should have achieved some degree of validation/traction – should have a minimum viable product or service with a market fit, viable commercialisation, and scope of scaling 
  • And be legally incorporated and in existence for more than a year

Based on the above criteria, IIM Udaipur Incubation Center will select 15 women entrepreneurs for the Acceleration Program through a two-stage competitive procedure. Part 1 of the process entails filling out an application form, and Part 2 entails interviews with the candidates who have been shortlisted. The closing date for submitting the applications is June 15, 2022. 

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