Recently Karnataka government has launched the “Xcelerator Bengaluru Initiative” in the bid to provide support to the women-owned micro-businesses in the state.
Govt’s support to women
The state government presented the Budget for 2021-2021 on 8th March 2021 in which it has granted Rupees 37,188 crore for the women-centric programmes. Similarly, Karnataka 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.
It is a curated 6-month accelerator programme and also 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 and Federation of Karnataka Chambers of Commerce and Industry. 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. Xcelerator Bengaluru 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.
Federation of Karnataka Chambers of Commerce and Industry
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 8th May 1916. Mr William Cumming Rose was the first President of the Chambers till 1920. Mysore chamber later converted to the Federation of Karnataka Chambers of Commerce and Industry. It as an apex organization for Trade & Services sectors and Industries in Karnataka.
Xcelerator Bengaluru Initiative unveiled in Bengaluru Xcelerator Bengaluru Initiative unveiled in Bengaluru