Lately an announcement has been made by All India Council for Technical Education and Carleton University to offer free support female enterprise aiming to enhance economic and social empowerment. The partnership of the two organizations will collaborate between the two countries. A program has recently been by Canadian minister of Innovation (Science and Economic Development department that comes under Navdeep Bains) Canada-India Acceleration Program when the Canadian government visited to India and a great decision was made.
The Minister of Innovation, Science and Economic Development, Nvdeep Singh Bains also added to his statement “We cannot ignore half of our world’s population as we strive to find solutions to the problems of today and create the jobs of tomorrow.” He also said the many of their Canadian organizations are increasingly aiming India to explore their source to invest in and the partnerships they already have with India are reported to be beneficial. An outcome of the beneficial joint ventures, Canada will now help more and more Indian start-ups so to reach borders of their nation.
A university based in Ottawa and All India Council for Technical Education (AICTE) will support around 50 women-owned technology start-up businesses from each country. The support will involve potential seed funding, exchange programs, mentorships, and internship opportunities.
Different kind of support will be offered
Since Carleton is raising funds (and from the outside the university) to take the initiative including NRI startups, India will be contributing $1 million. On the other hand, AICTE contributed their support to start-up by calling on national agencies and start-up incubators. The support includes Stakeholders have mobilized funding and support in this Canada-India partnership.
Anil Sahasrabudhe, the chairperson of AICTE mentioned, “India is developing into one of the largest startup systems in the world. Our emphasis has been on supporting women entrepreneurs and startups.” Anil also ensured the long way involvement in creating new sources of development, better alliance, generating more career opportunities for youth and building a strong business culture in India. According to AICTE, the first group of ten applicants will visit Carleton University in August 2018 whereas a group of ten start-ups will visit India from Canada by the end of the year. Women entrepreneurship will be the priorities of the program.