‘Xcelerator Bengaluru’ Initiative unveiled in Bangaluru

The state of Karnataka has launched the “Xcelerator Bengaluru Initiative” in the bid to provide support to the women-owned micro-businesses.

Government’s support to women

The state presented the Budget for 2021-2021 on March 8, 2021 in which it has granted ₹37,188 crore for the women-centric programmes. Similarly, the government is also encouraging the small scale or micro entrepreneurs, employees, working women, rural self-help groups with the help of several initiatives like prominent Elevate Women programme.

About Xcelerator Bengaluru

The “Xcelerator Bengaluru” is a curated six-month accelerator programme. It seeks to provide its support to the women so as to help in scaling the women-owned micro-businesses. This initiative is jointly organised by the UBUNTU Consortium of Women Entrepreneurs’ Associations, Global Alliance for Mass Entrepreneurship (GAME) and Federation of Karnataka Chambers of Commerce and Industry (FKCCI). It seeks to reach and scale 50,000 women led enterprises. It is co-designed and co-created with the help of practitioners in women entrepreneurship development organisations, successful entrepreneurs and academics. It is designed and executed in partnership with the Association of Women Entrepreneurs of Karnataka (AWAKE) which is 37-year-old organisation and is dedicated to empower the women by entrepreneurship development.

About Federation of Karnataka Chambers of Commerce and Industry (FKCCI)

The Mysore chamber of commerce was founded by Bharat Ratna Sir M. Visvesvaraya, who was an engineering genius, a statesman, a visionary, and a great Institution builder on May 8, 1916. Mr W.C. Rose was the first President of the Chambers till 1920. This Chamber later converted to the Federation of Karnataka Chambers of Commerce and Industry (FKCCI). It as an apex organization for Trade & Services sectors and Industries in Karnataka.

Month: Current Affairs - March, 2021