HYDERABAD: The state government plans to launch We-Hub, a start-up incubator exclusively for women, along the lines of T-Hub, in order to support and en-courage female entrepreneurs, IT minister K.T. Rama Rao said at the conclusion of the GES - 2017.
“We-Hub will have the ingredients of T-Hub but will be exclusively for women,” he said.
Mr Amitabh Kant, CEO of NITI Aayog, said, “NITI Aayog will partner with the Telangana state government as part of the Atal Innovation Mission to realise the plans for We-Hub.”
Mr Rama Rao also announced that investments of Rs 25 lakhs to Rs 1 crore would be made in companies, especially those led by women, with a corpus of Rs 15 crore as part of the Technology Fund.
He added that the government was strengthening its procurement policy in the small- and medium-sized enterprises (SME) sector to aid women entrepreneurs.
“As per the current procurement policy, 20 per cent of the procurement is done from private entities. The government will ensure that at least one-fourth of that 20 per cent is from companies run by women,” Mr Rama Rao said.
At a press conference, Mr Kant said, “The GES will create innovation; an entrepreneurial run for the Make in India, Digital India and Start-up India initiatives, with the state of TS playing a critical role.”
Delegates from 150 countries participated in the Summit. The contingents of 127 countries included female delegates, and ten countries had all-women contingents. 33 percent of the entrepreneurs in attendance were below the age of 30.
