TomorrowMakers

A look at the achievements and plans of women business’s incubator centre WE Hub

WE Hub Stands Behind Women Entrepreneurs

Women Entrepreneurs Hub or WE Hub is an incubator for women-run businesses. It is a state-run initiative and is the first of its kind in India. WE Hub works exclusively towards the promotion and nurturing of entrepreneurial abilities in women. It has been functional since 8 March 2018 under the department of Information Technology, Electronics and Communications. In the last four and a half years, WE Hub has helped 914 women startups in various stages of pre-incubation, incubation and acceleration.

Also Read: 6 challenges faced by women entrepreneurs

About WE Hub

WE Hub aims to be the all-encompassing solution and soft-landing platform for women entrepreneurs from Telangana and across the country. It does so by fostering entrepreneurial skills in women and guiding them to establish startups, make their businesses scalable and accelerate their access to the global market. By doing so it seeks to establish the city of Hyderabad as the preferred destination for women entrepreneurs across India. 

WE Hub builds a collaborative ecosystem with seamless access to the government, along with access to technical, financial, departmental and policy-related support for women entrepreneurs. Interested people can join the WE Hub in the capacity of a startup, mentor, investor or partner. Currently, WE Hub has entities like US India Business Council, UN India Business Forum and Australian High Commission as its partners. The incubator is presently led by its CEO Ms Deepthi Ravula.

Also Read: How these three women are revolutionising venture capital funding in Indian startups

Achievements and Journey So Far

As mentioned above, 914 women led startups have been incubated by WE Hub till now. It has also supported over 6,200 women whose innovative ideas are yet to be registered as startups with the Department for Promotion of Industry and Internal Trade (DPIIT). Currently, nearly 130 women are receiving scale-up support from the hub, while 84 startups are being incubated.

The segment-wise breakup of the WE Hub beneficiaries includes nearly 50% of startups engaged in FMCG and food processing, 25% in textile, handloom, garment-producing and processing, 13% in health tech and life sciences, and 9% in social tech.

These startups have so far grossed investments of over $10 million including bank linkages, equity investments and the Seed Fund Scheme of the Start up India initiative. Successful startups that have passed through the WE Hub tutelage include Hunar Online Courses, Laurik, Kinderpass, Storybox, Artfills, Abby etc.

Apart from its existing facility in Hyderabad, WE Hub plans to decentralise the incubator and spread it out to other parts of the state. This includes WE Hubs at Karimnagar, Sircilla, Nalgonda, Nizamabad, Kamareddy, Khammam and places in the Integrated Tribal Development Agency (ITDA) region. 

Also Read: Google startups accelerator women founders program. Check the top 20 Indian startups selected by Google

For the developments and achievements so far, it can be understood that WE Hub is offering end-to-end support to women entrepreneurs. By empowering women from the business ideation stage to register with DPIIT, scaling up, sustainability and acceleration, WE Hub is uplifting women entrepreneurship in the region as well as the nation.

Source

https://wehub.telangana.gov.in/`

https://www.thenewsminute.com/article/we-hub-launches-three-new-programmes-women-entrepreneurs-startups-153115

https://www.bizzbuzz.news/bizz-talk/we-hub-incubates-914-women-led-startups-1180900?infinitescroll=1

https://timesapplaud.com/women-entrepreneurs-we-hub-empowers-914-women-led-startups/