Wadhwani Foundation's flagship Initiative, National Entrepreneurship Network (NEN) has initiated a concerted effort to transform Indore and Bhopal regions into a model entrepreneurship ecosystem.
The initiative is aimed at creating impact opportunities in emerging cities with entrepreneurship development as a key tool for sustainable job creation.
The pilot effort is being undertaken in Indore and Bhopal. While Indore is the mini-Mumbai or the commercial capital of Madhya Pradesh with steady growth in entrepreneurial potential over the last few years, Bhopal too is experiencing a growing list of entrepreneurs.
Majority of the 500+ startups in Madhya Pradesh operate out of Indore and Bhopal, tapping into the technology wave. Many of them are focused on IT and e-commerce.
This initiative is targeting on boarding of 100+ mentors, 50+ growth stage startups and 100+ early stage startups in the next 6 months' timeframe and providing help and assistance to them. NEN is looking at on-boarding another 25-50 angel investors through the angel investor workshop.
The Foundation and NEN seek to enhance the entrepreneurial capacity in Indore and Bhopal, with intent to have a multiplier effect on job creation and the growth of the city's economy.
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