Most promising entrepreneurs receive seed funds to set up enterprises

(MissionNewswire) Salesian missionaries in India launched the third edition of the Northeast Venture, a program for women entrepreneurs through The Hub Jorhat Bosco Institute. With the flagship program, women receive training in business skills, develop their business and finance plan, attend pitch training, and have access to the co-working space in The Hub Jorhat. There were 25 women selected for the program. At the end of the incubation training and pitching, the most promising entrepreneurs will receive seed funds to set up their enterprises.

Nidhi Gupta, executive director of Dhriiti – The Courage Within, is the chief facilitator of the incubation program. Professor Ajanta Borgohain Rajkonwar, the honorable vice chancellor of the Assam Women’s University, was the chief guest at the launch event. In her address, she emphasized the need to identify innovations at the grassroots level and promote them.

Entrepreneurs displayed a wide range of products such as handicrafts, local food, recycled cloth products and tech products. The women shared their entrepreneurial journey with the dignitaries and guests who included students from nearby colleges and institutions.

A Salesian noted, “The Hub Jorhat is an initiative of the Bosco Institute to foster innovation and entrepreneurship in the region. We believe that entrepreneurship is a dignified way of attaining financial security, social stability, and ecological sustainability in diverse cultures, traditional wisdom and native skills. The Hub, with training halls, co-working space, maker space, innovation lab and media lab, was officially inaugurated in January 2022.”

India has the world’s fourth largest economy but more than 22% of the country lives in poverty. About 31% of the world’s multidimensionally poor children live in India, according to a report by the Oxford Poverty and Human Development Initiative.

India’s youth face a lack of educational opportunities due to issues of caste, class and gender. Almost 44% of the workforce is illiterate and less than 10% of the working-age population has completed a secondary education. In addition, many secondary school graduates do not have the knowledge and skills to compete in today’s changing job market.

###

Sources:

ANS Photo (usage permissions and guidelines must be requested from ANS) 

ANS – India – The Hub Jorhat launches Women Entrepreneurship Incubation Programme

Salesian Missions – India

World Bank – India