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Its mission is to facilitate the growth of female-led companies by facilitating. Their access to the appropriate mentors and network of other startup businesses. Assisting them in acquiring enough financial resources. And recruiting qualified individuals in the technology field.
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Google has announced the launch of its first accelerator program in India just for women-run companies. Its mission is to facilitate the growth of female-led companies by facilitating.
Their access to the appropriate mentors and network of other startup businesses. Assisting them in acquiring enough financial resources, and recruiting qualified individuals in the technology field.
Google’s goal is to choose 40 promising businesses annually, split between two groups, and provide guidance to each group for three months.
The initiative is open to applications from new businesses that have either raised a seed to series A capital or have a woman on their founding team.
Google launches accelerator program
Aditya Swamy, director of Google Play and Google for Startups, says. “There is a significant group of women that want actually to construct and design and affect society; yet, they do not receive access to funding.”
Swamy brings up that just 6% of the capital that startups raised in India came from female-led businesses, even though these businesses raised billions of dollars.
Only 1.5 percent of the money went to women-led startups wholly run by their female founders.
Swamy added, “From a product point of view, if more companies are started by women, they will really be able to solve the problems that women face, which will make our society truly inclusive.
If we have more companies founded by women, we will have more of a chance to promote gender equality.”
According to Paul Ravindranath G, program manager, Developer Relations & Head of Google Accelerator at Google India, there are three or four primary topics that Google intends to address ethically via this accelerator.
Access to mentors is one of these advantages. Ravindranath G observed that forty-eight percent of women surveyed said that they did not necessarily have a fantastic mentor in their lives.
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“Mentoring has been the most important component of all of our initiatives. In addition, we are working hard to develop a solid mentor network and ensure that we can meet the requirements of women-led enterprises.
The finance issue these firms are now facing will also be a primary focus of the accelerator. Ravindranath G quoted, “We are looking at what can be done to allow these women entrepreneurs to be better equipped to seek funding.
It will include pitching, delivering stories, and offering access to our community and our network of investors.
The second main objective of the accelerator is to provide female entrepreneurs. With access to a network of other women-leading companies in India and other countries.
Ravindranath G. Further, she said, “We have a worldwide network of women founders. We make sure that the founders from India are connected to it and can get ideas from them.”
Google launches accelerator program India
The training will begin with a requirements analysis and then gain knowledge of the fundamental challenges entrepreneurs encounter.
After that, they will begin linking women founders with mentors. After which the mentor and a team from Google will concentrate on the woman founder and the issues that her firm is facing.
In addition to that, the program will make an effort to address their concerns over hiring. Ravindranath G notes that many female entrepreneurs have reported experiencing challenges.
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Access to workshops, inspections of technological architecture. And support with design and user experience-related matters are a few of the other perks offered by the accelerator program.
