Tatsat Chronicle Magazine

IIM Udaipur Incubation Center Launches Accelerator Program for Female Founders of Start-ups

The 12-week participant-centred accelerator programme, Women-in-Tech will help the women founders take their start-up to the next level
June 3, 2022
Photo for representation only. Credit: Wikimedia

To boost women’s participation in technology, data and management, IIM Udaipur’s Incubation Center has inaugurated the first batch of the new Women-in-Tech Accelerator (WiT) Program.

Powered by the Department of Science and Technology (DST), the 12-week participant-centred accelerator programme aims at supporting highly innovative and scalable women-led tech ventures.

According to IDC, only 24 per cent of women hold senior leadership positions in technology. The accelerator programme aims at decreasing this gap.

The programme is designed for female founders who aspire to acquire the tools, knowledge and connections to take their start-up to the next level. It will offer each qualifying start-up up to ₹50,000 in cash prize, extensive training, mentoring and technical guidance, and introductions to corporate leaders and industry experts, networking opportunities with potential investors and advisory support for 12 months.

Eligible start-ups can now apply to the first batch of the programme. The closing date for submitting the applications is June 15, 2022.

How to be Part of WiT Accelerator Program?

The programme is ideal for seed to early-stage revenue-generating tech businesses. To be part of the programme, 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 start-ups that leverage technologies like artificial intelligence, machine learning, augmented reality, virtual reality, blockchain and others are preferred.

The applicant should have achieved some degree of validation/traction – a minimum viable product or service with a market fit, viable commercialisation and scope of scaling.

The start-up should 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.