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IIM-B takes Goldman Sachs ‘10,000 Women in India’ initiative to Mumbai

The programme is for current women entrepreneurs that have been in operation for at least one year with minimum annual revenue of Rs 35 lakhs and at least three employees.

, ET Bureau|
Nov 28, 2019, 01.57 PM IST
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The programme has reached more than 10,000 women from 56 countries to date, partnering with more than 30 leading business schools and 100 academic and non-profit partners.

MUMBAI: Indian Institute of Management Bangalore (IIMB) and Goldman Sachs has expanded the Goldman Sachs 10,000 Women initiative training for women entrepreneurs to Mumbai for its next cohort.

“The expansion to Mumbai was a logical choice, given that it is the financial and commercial capital of India,” the premier management institute said in an official statement. IIM Bangalore and Goldman Sachs 10,000 Women have also received the second highest number of applications from Maharashtra, second only to Bengaluru, accounting for 15% of the applications received in the first three cohorts of the program, signaling a need for holistic training for women entrepreneurs in the region, the statement from the institute said.

The NSRCEL at IIMB, which focuses on developing entrepreneurship throughout the country, is an academic partner of Goldman Sachs 10,000 Women in India. The programme is for current women entrepreneurs that have been in operation for at least one year with minimum annual revenue of Rs 35 lakhs and at least three employees. The program includes approximately 15 days of classroom sessions, in addition to mentoring support, business growth plan preparation, and post-program alumni activities.

Goldman Sachs 10,000 Women is global initiative that fosters economic growth by providing women entrepreneurs around the world with a business and management education, mentoring, networking, and access to capital. It was founded on the understanding that investing in women entrepreneurs leads to economic growth and stronger communities.

The programme has reached more than 10,000 women from 56 countries to date, partnering with more than 30 leading business schools and 100 academic and non-profit partners.

IIM Bangalore provides 15 days of intensive classroom instruction, over a three-month period, on subjects including accounting and finance, operations, people management, strategy, and leadership. The institute has trained three cohorts of Goldman Sachs 10,000 Women since January, graduating 180 women entrepreneurs.

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