THE LACK OF WOMEN’S participation in the startup ecosystem has been a persistent issue, mirroring the challenges faced in other industries. In India’s startup landscape, only 18 per cent of companies have female founders or co-founders, as per a Nasscom report. Several factors contribute to this disparity, including limited access to capital, a lack of role models, and prevailing gender stereotypes. However, proactive measures can encourage more women to embrace entrepreneurship.
Addressing the gender gap requires increasing access to capital for women-led startups, creating platforms for networking with fellow entrepreneurs, and challenging societal stereotypes. By providing financial support and mentorship, women can overcome barriers and gain the confidence to launch and grow their businesses.
Recent years have seen some progress in bolstering women’s participation in the startup world. Reports indicate a rising interest in entrepreneurship among women, reflecting a positive trend. To celebrate the achievements of women entrepreneurs who have successfully established businesses and inspired others, BW Disrupt in association with BW Businessworld hosted the fifth edition of the Women Entrepreneurship Summit and Awards (WESA) 2023.
Despite the progress made, a lot remains to be done to achieve a truly inclusive and equitable startup ecosystem. Encouraging women to embrace entrepreneurship not only contributes to their individual success but also fosters innovation and economic growth for the nation. Empowering women entrepreneurs is a crucial step towards building a stronger, more dynamic startup ecosystem in India.
The Initiative
This story is from the August 26, 2023 edition of BW Businessworld.
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This story is from the August 26, 2023 edition of BW Businessworld.
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