Launch of Agenda 25X25 - to create a synergetic start-up environment for budding women entrepreneurs in India
Partnered NITI Aayog, Atal Innovation Mission, Invest India and Startup India to host Conclave on creating an enabling startup ecosystem for Women
Release of study on ‘Empowering Women for Entrepreneurship’
Statement of Intent with iStart Rajasthan and Foundation for Innovation and Technology Transfer (FITT), IIT Delhi to mentor startups
Delhi, May 11, 2018: YES BANK and YES Global Institute announced the launch of Agenda 25x25, which pledges to create a synergetic startup environment for budding women entrepreneurs in India, ensuring that by 2025 at least 25% of all Entrepreneurs in India are Women. The announcement was made at the YES BANK – YES Global Institute ‘Annual Startup Conclave’ hosted in partnership with NITI Aayog, Invest India, Startup India and Atal Innovation Mission.
The inaugural edition centering on the theme ‘Empowering Women for Entrepreneurship’, featured two highly engaging panels which deliberated on the need for creating an enabling ecosystem for accelerating Women Entrepreneurship in India. The Conclave witnessed the release of the YES BANK – YES Global Institute study ‘Putting Women First: Building the Start-up Ecosystem Ground Up’, which outlines Agenda 25x25 and the need to build a 10 Step Developmental Model of focused on empowering women innovators, catalysing investments, synergising collaborations and increasing economic opportunities.
Commenting on the initiative, Rana Kapoor, MD & CEO, YES BANK and Chairman, YES Global Institute said, “The Indian startup landscape, with over 8 million women entrepreneurs, is at a focal point where an accelerated ‘pro-women centric’ change is of vital importance in order to galvanize India’s growth trajectory. It is projected that by 2025, India’s GDP will get an additional boost of 16%, by integrating women in the workforce. In order to achieve inclusive and equitable socio-economic growth for the nation, we must ensure that at least 25% of entrepreneurs in the country are women by 2025.”
Deepak Bagla (MD & CEO, Invest India) and R. Ramanan (Mission Director, Atal Innovation Mission) release whitepaper on ‘Empowering Women for Entrepreneurship’, in the presence of YES BANK officials
Deepak Bagla, MD & CEO, Invest India said, “India is moving swiftly towards gender equality, with increased women participation in tier 2 & 3 cities. It is very heartening to note that initiatives such as Startup Yatra have covered 12 villages in just 4 months with the aim of nurturing innovative solutions and entrepreneurial talents of rural women.
R. Ramanan, Mission Director, Atal Innovation Mission, NITI Aayog said, “When over 48% of a country’s population is women, it is impossible to think of economic growth without women as the fundamental drivers of change. We need to aim at harnessing the full potential of women entrepreneurs, as we cannot be a nation of job seekers and must aim to become a nation of job creators. Let us ensure that women entrepreneurs succeed, for our nation to succeed.”
YES BANK also signed two agreements with iStart Rajasthan and FITT, IIT Delhi, wherein the bank will extend its in-house startup expertise, as part of its YES Head Startup program, in the form of mentorship and advisory services to startups associated with both institutions.
Key Panelists at the event included Ms. Rama Vedashree (CEO, DSCI); Ms. Sally Holkar (Co-founder, Rehwa Society); Mr. Avnish Sabharwal (MD, Accenture Ventures & Open Innovation); Ms. Padmaja Ruparel (President, IAN), Mr. Manu Shukla (Project Officer, iStart, Govt. of Rajasthan); Ms. Ritu Marya (Editor-in-Chief, Entrepreneur India); Vaibhav Agarwal (Founder & CEO, Inc42).
iStart Rajasthan is a flagship initiative by the Government of Rajasthan intended to foster innovation, create jobs and facilitate investment. The program aims to nurture innovation and entrepreneurship which would further help in the economic growth and development of the state. Through this initiative, the State Government intends to build an environment where there would be an easy access to knowledge exchange and funding. YES BANK is truly honored to partner with iStart Rajasthan towards developing a robust Startup Ecosystem in Rajasthan.
Foundation for Innovation and Technology Transfer (FITT)
Foundation for Innovation and Technology Transfer (FITT), established at IIT Delhi, with a mission to be an effective Interface with the Industry - to foster, promote and sustain commercialization of Science and Technology. YES BANK is proud to collaborate with FITT towards boosting startup ecosystem at IIT Delhi.
About YES Global Institute
YES Global Institute, the practicing think tank at YES BANK, has been established to focus on actualizing India’s sustainable and inclusive socioeconomic growth and development through research & financing in emerging sunrise sectors. Headquartered in New Delhi, India – YES Global Institute conducts research on areas impacting India’s socioeconomic development, including taxation, health-care, education, economic security, energy and natural resources to name a few. Towards the same, YES Global Institute is driving discourse on concepts such as cultural industries, innovation districts, impact of digitization, natural capital & channelizing private capital for holistic development through dialogue facilitation, knowledge creation, skill development and extensive stakeholder engagement.
About YES BANK
YES BANK, India’s fourth largest private sector Bank with a pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.
YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
YES BANK has a knowledge driven approach to banking, and offers a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the long term mission of “BUILDING INDIA’s FINEST QUALITY LARGE BANK”.
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