This initiative, part of Kotak Mahindra Bank’s Corporate Social Responsibility commitment to Education & Livelihood, aims to empower aspiring female entrepreneurs nationwide by supporting them in building scalable businesses.
Kotak Mahindra Bank Ltd. (KMBL) and NSRCEL- IIM Bangalore have announced the commencement of the fifth cohort of their Women Startup Program. This initiative, part of Kotak Mahindra Bank’s Corporate Social Responsibility commitment to Education & Livelihood, aims to empower aspiring female entrepreneurs nationwide by supporting them in building scalable businesses.
Impact and Scope
Since its inception, the Women Startup Program has catalyzed the ambitions of over 23,053 women entrepreneurs. Participants have hailed from diverse sectors such as technology, social impact, agriculture, retail, healthcare, energy, environment, textile, and apparel, representing 24 states across India. The program has provided incubation support to more than 590 ventures, leading to the creation of 2,083 jobs.
Program Structure
The fifth edition of the Women Startup Program will kick off with a 5-week Foundation of Entrepreneurship (FOE) course, followed by a 2-month virtual pre-incubation phase for prototype development. Successful candidates will then proceed to a 5-month incubation at NSRCEL to scale their ventures. The program will cater to entrepreneurs at various stages—from ideation to revenue generation—offering tailored support through pre-incubation, incubation, and acceleration phases.
Financial Support and Incentives
A total of INR 3 crore will be disbursed among top-performing ventures based on their achievements, providing crucial financial backing to advance their projects.
Educational and Mentorship Opportunities
Participants will receive structured learning in business planning, marketing, finance, and operations. They will benefit from mentorship by experienced entrepreneurs and industry experts, as well as networking opportunities with other women entrepreneurs and leaders in various fields. The program also grants access to IIM Bangalore’s faculty, infrastructure, startup kits, and comprehensive legal advice on intellectual property.
Supporting Economic Growth
Anand Sri Ganesh, CEO of NSRCEL, highlighted the program’s impact on India's economy, fostering innovation and entrepreneurship not only in major urban centers but also in tier 2 and tier 3 regions, thereby driving economic growth and creating job opportunities.
Commitment to Empowerment
Chetan Savla, President - Sustainability and Strategic Projects at Kotak Mahindra Bank, underscored the bank’s commitment to empowering women entrepreneurs by equipping them with essential skills and knowledge. This partnership aims to support women in establishing successful enterprises, contributing significantly to economic growth and job creation nationwide.
Amplifying Impact
Q: How many companies visit the campus during IIM Bangalore EPGP placements?
A total of 29 companies visited the campus during IIM Bangalore EPGP placements 2024. The number of companies visited the campus over the past three years during IIM Bangalore EPGP placements is presented below:
Particulars |
EPGP Placement Statistics (2022) |
EPGP Placement Statistics (2023) |
EPGP Placement Statistics (2024) |
|---|---|---|---|
Companies visited |
30 |
27 |
29 |
Q: Who are the top recruiters during IIM Bangalore EPGP placements?
The list of top recruiters during IIM Bangalore EPGP placements 2024 is presented below:
Company Name |
EPGP Offers Made (2024) |
|---|---|
Accenture |
10 |
Genpact |
8 |
Nucleus Software |
4 |
Zomato |
4 |
Merilytics |
3 |
Persistent Systems |
3 |
RPG |
3 |
Samsung Electronics |
3 |
Q: Are there any international exchange programs available for students of the MBA programme in Risk Management at IIM Bangalore?
Q: How are MBA placements at IIM Bangalore?
The average and median package offered during IIM Bangalore PGP and PGP BA placements 2023 stood at INR 35.31 LPA and INR 33.00 LPA, respectively. Further, a total of 606 offers were made during IIM Bangalore PGP and PGP BA placements 2023. Apart from this, the average and median package offered during IIM Bangalore EPGP placements 2023 stood at INR 33.07 LPA and INR 32.21 LPA, respectively.
Refer the below-mentioned table for IIM Bangalore MBA placement statistics 2023 as compared with IIM Bangalore MBA (PGP) placement statistics 2022:
Particulars |
PGP + PGPBA Placement Statistics (2022) |
PGP + PGPBA Placement Statistics (2023) |
|---|---|---|
Median package |
INR 31.20 LPA |
INR 33.00 LPA |
Average package |
INR 33.82 LPA |
INR 35.31 LPA |
No. of students |
524 |
512 |
No. of offers made |
662 |
606 |
No. of companies |
137 |
164 |
PPOs made / accepted |
273 / 181 |
291 / 209 |
Lateral placement offers made / accepted |
180 / 127 |
94 / 82 |
International offers |
6 |
14 |
No. of offers during final placement week |
NA |
221 |
Q: What is the median package offered during IIM Bangalore MBA placements?
The course-wise median package offered over the past three years during IIM PGP and EPGP placements is presented below:
Course |
Median Package (2022) |
Median Package (2023) |
Median Package (2024) |
|---|---|---|---|
PGP + PGPBA |
INR 31.20 LPA |
INR 33 LPA |
INR 32.5 LPA |
EPGP |
INR 30 LPA |
INR 32.21 LPA |
INR 33 LPA |
Furthermore, the program will collaborate with 12 esteemed institutions, including IIMs, IITs, and other incubation centers and universities, to enhance its nationwide impact through comprehensive business mentoring.
The Women Startup Program continues to be a beacon of empowerment, fostering a supportive ecosystem for women entrepreneurs to thrive and succeed in the competitive business landscape of India.
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