An AI and Innovation Program for Women’s Economic Empowerment
The Women’s Economic Empowerment (WEE) program is designed to support startups building scalable, high-impact AI and technology-enabled solutions with the potential to positively impact the growth, predictability and resilience of incomes of women in India. Led by IIMA Ventures, the WEE program is supported by the Gates Foundation.
The rising participation of women in the workforce has opened up a large opportunity for startups. Formalisation has enabled women, especially from lower-income households, to become more visible and aspiring. By facilitating the adoption of the right technology solutions, startups can help unlock their full earning capacities and build resilience against risks. The WEE program seeks to support such startups to unlock new women customer segments, build scalable business models, and sustainable growth strategies through pilots and scale-up partnerships with women-focused last-mile organisations & large-scale delivery systems
Curated discussions with the development sector, startups and investors to identify scalable opportunities for deploying AI and technology solutions that enhance livelihoods of women workers and micro-entrepreneurs.
High visibility competitions in collaboration with partner organisations to identify innovative solutions that will receive financial and other support for pilots and beyond.
Financial support, active handholding and portfolio management support to enable product refinement, pilot implementation, growth de-risking and fundraising.
The Program seeks to support technology solutions that improve livelihood outcomes for low-income women across rural and urban India, particularly those engaged in agriculture and allied sectors, micro-entrepreneurship, gig and informal economy.
Innovations for members of Self-Help Groups and women engaged in agriculture and allied activities.
Innovations that improve earnings and security for women in informal jobs and micro-business owners.
Solutions for women in roles like platform-based gigs, domestic and care work, urban services.
Innovations developing sustainable micro-enterprises in care services or improving wages/quality for domestic workers.
We are looking to support startups designing AI and other technology-driven innovations with the potential to be refined further for usability by women. Examples of indicative solutions are mentioned below.
USD 50,000 and more for every startup supported.
Partnerships for pilots and scale-up with organisations & large-scale delivery systems working with low-income women.
Insights on customers, technology, policy and industry from those who know them best.
At partner and regional showcases, end-of-term presentations and to large-scale delivery partners.
Handholding from pitching to deal closure.
Cloud credits of up to USD 250,000 from Google Cloud, Microsoft Web Services, and Amazon Azure and payment gateway support from Razorpay and PhonePe.
The Program is designed to support startups building technology solutions across domains that increase the incomes of low-income women in India and benefit women in the most marginalised forms of work and enterprise – including agriculture, informal labour, and the gig economy.
The Program is designed to provide bespoke support to each startup based on its needs.
The empanelled impact measurement agency will engage with the startup at different intervals over the Program duration (up to 2028).
You need not be a registered firm to apply. However, we require you to be an entity registered in India before we can confirm your selection and are able to support you.
Yes. We are open to considering your application. We request that you to highlight the support you have received from the previous programs/accelerators.
Once an application is received, we will review it for alignment with Program objectives and evaluate based on criteria such as innovation, potential for impact, team strength, etc. 2-3 rounds of pitching and feedback sessions can be expected. Applications for the Program will be evaluated on a rolling basis. Applications for the Hackathon tracks will open periodically. Please expect an update within one month of applying for the Program.
No. The Program does not specifically require the startups to be based out of Ahmedabad during the Program. We may organize short duration bootcamps/events at Ahmedabad and/or other places. You will be required to participate in the Program.
A Service Agreement will be signed between IIMA Ventures and the startup capturing the product, market opportunity, engagement objective, expected activities, budgets, etc. Funds will be disbursed in tranches based on fund requirements and the milestones set. Startups may be required to provide a utilisation certificate before receiving the next tranche/end of the Program support period if so required for audit and reporting related purposes.
To ensure alignment of the founding team with the Program offerings and recognising that early-stage ventures need comprehensive longer-term support, the startup will be onboarded as an incubatee, for which a mentoring equity of 2-5% is expected.
The Women’s Economic Empowerment Program has provisions to support promising startups with additional funding. We will endeavour to provide additional funding through grants, convertible debt, etc., through our various other programs. Startups will also have the opportunity to pitch to investors during our investor showcases. We will also facilitate introductions to investors on a case-by-case basis. However, selection to the Program does not guarantee additional funding from us or any other investors.
Our objective is that the startup is able to create a positive income impact on a large number of women through its innovation. The Program works best when the support provided and the startup’s needs are well aligned. We strongly prefer working with founders who are engaged with the Program and its objectives, i.e. participate in Program activities, share their challenges, be receptive to inputs and work collaboratively. The startups will be required to participate in the Program’s impact measurement study.