Canada-India Acceleration Program For Women Entrepreneurship
The All India Council for Technical Education and Carleton University have come into partnership, supporting women entrepreneurship and to promote collaboration between India and Canada. The Canada-India Acceleration Program was recently announced by the Canadian Minister of Innovation, Science & Economic Development.
Canada-India Acceleration Program – The Goal
The partnership will help 50 women-led Tech startups from each country, through an exchange program, mentorship, internship opportunity, and potential seed funding. Both the countries have identified woman entrepreneurship as an enabler of social and economic empowerment. However, the goal of the program is not only to support women entrepreneurship but also foster collaboration and trade between India and Canada.
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In fact, Canada is encouraging businesses to diversify export markets and is identifying India as a priority market.
Carleton University is putting in funds towards the initiative and raising funds outside the university. The NRI Startup India is contributing $1 million for the program. AICTE is also getting startup incubators and national agencies to contribute towards the same.
AICTE chairman Anil Sahasrabudhe says, “India is developing into one of the largest startup systems in the world. The emphasis of this program is to support women entrepreneurs and startups.”
Canada-India Acceleration Program – Expectation
There is an overall expectation to be able to generate jobs for the youth and develop an entrepreneurial culture in India, with this partnership
A group of ten participants is going to visit the Carleton University in August 2018, and 10 startups from Canada will visit India by yearend.
A similar exchange program is being run by the All India Council for Technical Education, with South Korea.