UN India business forum, NITI Aayog form consortium to help women entrepreneurs

UN India business forum, NITI Aayog form consortium to help women entrepreneurs

Women entrepreneurs, startups

News:

• The UN India Business Forum and the Women Entrepreneurial Platform of NITI Aayog recently formed a consortium to reduce gender disparities in start-up investments.

Important facts:

• The Consortium will bring together key ecosystem stakeholders, including venture capitalists and impact investors, international donar and funding agencies, private sector partners and state government.
• Objectives:
• Reducing gender disparity in start-ups, expediting market linkages.
• Gender disparities can be achieved by providing mentorship and networking opportunities and accelerating financial and market linkages for women entrepreneurs.
• Strengthen women’s entrepreneurship by creating an enabling ecosystem for investments.
• Women entrepreneurs will be indentified through key partners, including WEP, UN Women and UNDP.
• The consortium secretariat will then connect entrepreneurs, according to their requests, with relevant members.
• Sustainable development:
• Sustainable development has the potential to open up markets worth $12 trillion around the world by 2030.
• It is estimated that up to $5 trillion is needed in a year to implement UN’s Sustainable Development Goals (SDGs) worldwide.
• Return on investments on implementing the SDGs could be about $30 billion a year.
• The UN India Business Forum, an alliance of India’s businesses, financial institutions, the government and the UN, aims to accelerate India’s rapid growth and achieve the SDGs.