How about celebrating the International Women’s Day by encouraging more and more women entrepreneurs to join the Industry and contribute equally in the growth? The Telangana Government had similar plans this year to celebrate women’s day by launching a network of woman angel investors.
A startup incubator set up by Telangana Government, T-Hub, has joined hands with Anthill, a Hyderabad-based speed ascending platform for early-growth stage startups, to introduce an international startup initiative named Smart Women Angels Network (SWAN).
The initiative has been launched with an aim of encouraging, supporting the entrepreneurial spirit in women, making awareness about investments and recognizing the need for women investors in the business world.
Having some origins in Barcelona, SWAN’s plans to join hands with its correspondents from all over the world and invest in startups with a hopefully auspicious future.
Even though the Indian Startup industry has progressed a long way since its inception, but still women representation in the industry remains appalling when compared to others around the globe.
According to a statement by Jay Krishnan, CEO, T-Hub, “The Indian startup ecosystem is one of the most flourishing environments in the world. To encourage women to be active members of the ecosystem, T-Hub in collaboration with Anthill will change the dynamics of the community to make it more inclusive.”
The SWAN is eyeing to create an exclusive grid for Women Business Angels which will work in the direction of facilitating deal flow and conducting training and activities to endorse women business angels and entrepreneurs in the Indian startup network.
Speaking on the big partnership with T-Hub, Prasad Vanga, founder and CEO, Anthill, said, “Along with our partnership with T-Hub, we hope to transform the Indian startup ecosystem, by creating valuable partnerships both nationally and internationally that will help startups scale.”
Cristina Ventura, President of SWAN and also an Angel contributor and Fund-of- Funds Investor, said, “We recognise the potential of women investing in startups and how they are a crucial part of the global startup ecosystem. The percentage of women investors around the world is very less and in India, the numbers are very low. SWAN believes in creating an inclusive network that can make a positive difference.”
T-Hub is an exclusive public/private corporation between the government of Telangana, 3 of India’s leading academic institutes (IIIT-H, ISB & NALSAR) and key private sector leaders. It stands at the juncture of the start-up, academic, corporate, research and government segments. It is currently one of the largest startup ecosystem builders in the country with over 2000 startups in its record clustered into various stages of growth.
On the other hand, Anthill Ventures is venture capital firm specializing in start-up, early stage and growth stage investments. It typically invests in the Asian market. Within just two years, it has successfully built a remarkable startup portfolio of 16 companies across India, US and South East Asia.