See: Goa Leaps Forward: New Startup Policy to Promote Women in Business
Being a major effort towards enhancing innovation and economic development, the Government of Goa has launched a new startup policy centered on enabling women entrepreneurs. The policy aims to eradicate obstacles in women entrepreneurship in the process of establishing and growing businesses and hence making the state a welcoming entrepreneurship hub.
Special Incentives for Women-Led Startups
For women entrepreneurs, increased funding ceiling, lowering of loan interest, and product innovation special grants will be the incentives under the new policy. Reimbursement of rental for co-working space and subsidy on participation in national and international startup expos will also be provided by the government.
Mentorship and Skill Development
Aware that access to information is as vital as access to capital, policy brings in selective business mentorship schemes under the leadership of successful women entrepreneurs and businesswomen. Mentorship in business planning, e-marketing, budgeting, and investment pitching will empower women to compete on an international scale.
Creating a Power Network
The government wants to create a successful startup ecosystem through supporting women entrepreneurs with international accelerators, venture capitalists, and angel investors. Women hackathons, industry gatherings, and networking sessions are sure to give them exposure in the real world, plus opportunities for collaborations.
A Catalyst for Economic Growth
By making more women entrepreneurs, Goa hopes to access a new pool of talent, generating employment and innovation. The policy is also coincidentally in the overall vision of India for being an inclusive-developing country and can be replicated as a model by other states.
Conclusion: “Empowering women in business is not equality—it’s about unleashing the full potential of our economy,” a Goa government functionary added at the policy launch.
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