Business & Economics

WE Hub Launches Fund For Women Entrepreneurs Amid Pandemic

BP World Bureau | Nov 09 2020 02:50:23 PM
Image credits: Twitter

WE Hub will be helping women entrepreneurs with a revolving fund for women-led businesses incubated at We Hub.

WE Hub is India's first state-led incubator to foster and promote women entrepreneurship with a vision to help enable women-led business by empowering them financially amidst the COVID-19 pandemic and economic repercussions. 

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With global market access, WE Hub assists women to start-up, scale-up and accelerate.

A Murali Krishna Reddy, Chairman of MAK Group of Companies, supported the mission of WE HUB to help women entrepreneurs. 

Five entrepreneurs incubated at WE Hub from nutraceuticals, manufacturing, and food processing sectors received the first tranche of the findings. They were shortlisted from 30 others. 

Businesses are shortlisted based on factors such as;

  • Impact of the pandemic on their business
  • Financial standing 
  • The financial growth of their enterprises that are projected

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WE Hub will work as a catalyst for women-led small and medium businesses (SMBs) with the financial backup. 

Deepthi Ravula, the CEO, WE Hub, said that during this COVID-19 pandemic and economic downfall, WE Hub had been exploring new ways to support and sustain the businesses of the startups.