TiE (The Indus Entrepreneurs), founded in Silicon Valley in 1992 by entrepreneurs and professionals with roots in the Indus region, announced the launch of India’s first women’s entrepreneurship platform called TiE Stree Shakti (TSS).
TSS is a forum for women entrepreneurs to create trust-based partnerships through active networks. Additionally, the forum founders recognize the immense contribution of women entrepreneurs to self, family and society.
A study (immediate download of PDF file here) conducted by Ernst & Young titled ‘Groundbreakers’, observes: “At a time when our global economy is facing its greatest challenge in decades, we have to capitalize on the contributions women can make. While many corporations and governments have for years been making efforts to tap the hidden potential of women — and many have launched laudable initiatives to do so — now is the time to accelerate those efforts. It’s time to place renewed emphasis on women as a resource to move businesses and economies ahead.”
According to TiE:
- 78% women from poorer families in India are keen to become entrepreneurs
- A mere 15 per cent of women hold senior management positions in privately-held businesses in India; the global average is 24 per cent
- Some of the key areas where women want to start a business include garment shops, catering and beauty salons
The theme of the new platform is celebratory — “Inspiring Women Entrepreneurs in India,” and dedicated to the advancement of entrepreneurship.
Read more here.
Posted by: Laurel Delaney