Team News Riveting
New Delhi, August 26
Building on their shared commitment to empower women entrepreneurs across India, NITI Aayog, the Government’s public policy think tank, and Cisco today launched the next phase of the Women Entrepreneurship Platform (WEP).
Titled “WEP Nxt”, this next phase of NITI Aayog’s flagship platform will leverage Cisco’s technology and experience working with India’s start-up ecosystem to enable more women-owned businesses across the country. Amitabh Kant (CEO NITI Aayog), Anna Roy (Senior Adviser NITI Aayog), Maria Martinez (EVP & COO, Cisco), Daisy Chittilapilly (President, Cisco India & SAARC) and Harish Krishnan, (Managing Director, Public Affairs and Strategic Engagements, Cisco India and SAARC), were present at the launch.
WEP, initially launched by NITI Aayog in 2017, is a first-of-its-kind, unified portal that brings together women from diverse backgrounds and offers them access to a multitude of resources, support, and learning. WEP Nxt is a significant step to augment these efforts. Based on a focused study of Indian women entrepreneurs and their most urgent needs across six key verticals – community and networking, skilling and mentorship, incubation and acceleration programs, and financial, compliance, and marketing assistance – WEPNxt will be driven by evidence-based decision-making. The focused study, fuelling this transition, is also being made available for the benefit of the ecosystem.
Additionally, as a part of this initiative, Cisco, in collaboration with the Nasscom Foundation, Sattva Consulting, and the DeAsra Foundation, will enable technology-led experiences and engagements to address the challenges faced by women entrepreneurs at individual and enterprise levels and create new opportunities for growth.
“As per the Sixth Economic Census, women only constitute 13.76 per cent of the total entrepreneurs, i.e., 8.05 million out of the 58.5 million entrepreneurs in the country. This may have been a missed opportunity in the past, but I am confident as the Government of India and Private sector hold hands through initiatives such as the WEP, we will realise this vision of a new India – where men and women have the equal opportunity to build and to share in the glory of achievement,” said Amitabh Kant, CEO, NITI Aayog. “WEP Nxt will further catalyse this movement and I am confident with Cisco as our partner, this technology platform will soon be the personalized guide for every woman entrepreneur in the country to realize her dreams,” he added.
“As we enter a new phase of recovery, we see a collective agreement that a diverse, inclusive, and digitally-enabled world is far more prosperous,” said Cisco Chief Operating Officer, Maria Martinez. It is our responsibility to step up to the challenges of inequity and create new pathways to economic prosperity that enable people and communities, especially women, to break through barriers, spark new ideas, and ignite innovation. We are excited about our partnership with NITI Aayog and hope to bring the benefits of digital technologies to more women-owned enterprises.”
“According to the WEP focused study, in addition to greater innovation, up to 170 million jobs could be created by 2030, and our annual GDP could rise by 1.5 per cent if more women took up entrepreneurship – a massive opportunity lost if we delay action to uplift women-owned businesses,” said Harish Krishnan, Managing Director and Chief Policy Officer, Cisco India and SAARC. “WEP Nxt is aimed at bridging the existing gaps and forging new possibilities for women in India.We are proud to partner with NITIAayog to accelerate our shared vision of a more inclusive and equitable future for all.”
