ISEED unveils findings of Girl Students Entrepreneurship Aspirations

The report presents the results of a nationwide survey across more than 30 cities to understand entrepreneurship aspirations in Indian girl students

March 08, 2014 1:45 IST | India Infoline News Service
ISEED - International School of Entrepreneurship Education and Development, an upcoming and unique educational institution, offering India’s first full time 1-year post-graduate level program in Entrepreneurship announced the launch of "Incubation Program" to encourage Entrepreneurship and the Spirit of Innovation. Aimed at start-ups and early stage companies this six-month long development program will provide an investment fund Rs. 2 Crores towards investments into incubatee ventures wherein the incubator shall be sector agnostic. The Incubation Programs lays special emphasis on promoting Girl students with 1/3rd of funding reserved for women entrepreneurs.

To supplement this ISEED also announced findings of ISEED Girl Students Entrepreneurship Aspirations Report 2014. The report presents the results of a nationwide survey across more than 30 cities to understand entrepreneurship aspirations in Indian girl students. The survey results reveal that even though only 10% of girl students have access to entrepreneurship resources as compared to 20% of their male counterparts, 5% of girl students start their entrepreneurship ventures even while they are studying and another 19% would want to start immediately after studies. In fact, Tier 2/3 city (Amritsar, Ludhiana, Kanpur, Indore, Raipur, Trichy, Surat, Coimbatore etc.) girl students show stronger inclination for entrepreneurship like in comparison to Tier 1 cities.

Sanjeeva Shivesh, CEO and Founder, ISEED said, “The study also establishes causal relationship between education and entrepreneurial aspirations. Girls with graduate and postgraduate education in science and technology have overcome their fears and inhibitions and show greater desire to start. This is significant shift from past. The investment in girl education is paying its dividend. These findings have helped us design our incubation program. We want girls to build their dream ventures. Therefore, we have allocated 1/3rd of the seed funding earmarked for women.”

ISEED study also reveals the near absence of entrepreneurship ecosystem for youth, more so for girls in India. There is the inadequate supply of entrepreneurship education at colleges and universities. Less than 10% girls have access to entrepreneurship resources. Whilst it is well established that girls whose parents are already an entrepreneur are more prone to chasing the entrepreneurial dream, the study finds a new trend where girls whose parents are working as professionals, government servants, teachers etc. express a strong desire and inclination to start their own business.

During the Incubation Program, the start-ups will be given workspaces, IT infrastructure, seed capital and mentorship from a team of industry experts. They will have access to education, training, contacts and other resources as a part of their learning module, which includes the ISEED’s Start-Up Lab equipped to develop ideas and products such as hardware, software and testing devices. ISEED has collaborated with Idea Hill Top Partners, US and other funds for the Incubation Program. The start-ups are expected to highlight their final prototype / product to the core team at the end of three months. ISEED is already supporting 8 start-ups ranging from IT, commerce, telecom, fashion, travel, healthcare and water to education.

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