In a reminiscent event on December 9th, Mumbai bore witness to an inspiring gathering, evoking the essence of the acclaimed show Shark Tank. Eleven tenacious women entrepreneurs graced the stage, armed not only with groundbreaking startup concepts but with a profound mission: tackling Climate Change. Their vision for a more sustainable future illuminated the room as they unveiled innovative solutions to one of humanity's most urgent challenges.
Initiating a daring collaboration, Deutsche Bank, alongside Going to School, championed the Youth Venture Fund to support young women entrepreneurs. This forward-thinking initiative aimed to nurture sustainable startups, with a sharp focus on Mumbai, the financial hub, and Bengaluru, the tech epicentre.
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Going to School, celebrated for its design-driven narratives and commitment to equipping young minds with skills to combat Climate Change, joined forces with Deutsche Bank. Together, they provided a platform where aspiring entrepreneurs showcased innovative solutions to address pressing global challenges.
Ruchi Khemka, Head-CSR at Deutsche Bank, India, shed light on the genesis of this initiative. She underscored Deutsche Bank's multifaceted Corporate Social Responsibility (CSR) strategy, spanning education, community development, and environmental sustainability. This program specifically aligns with the third and fourth pillars: promoting women-led enterprises focused on Climate Change and environmental initiatives aimed at reducing carbon emissions.
At the core of this unique venture lies the empowerment of women from financially marginalized backgrounds. These entrepreneurs presented diverse and innovative ideas, ranging from flower recycling to solar-powered vegetable drying, all aimed at addressing environmental issues and promoting sustainability.
This endeavour surpasses mere financial support; it encompasses holistic mentorship. Women, often starting with limited educational backgrounds, are guided through a small business school-style program. Here, they receive support in crafting business plans and managing finances.
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The event unfolds as a softer version of Shark Tank, where Deutsche Bank volunteers act as supportive judges. They provide constructive feedback, offering suggestions to aid the entrepreneurs' growth. Securing funding is just the beginning; ongoing mentorship and support are provided throughout their entrepreneurial journeys.
Initially launched in Mumbai and Bengaluru earlier in the year, the program aspires to reach beyond the metro cities. While maintaining a focus on Mumbai and Bengaluru, the outreach extends to peri-urban areas. Entrepreneurs from Thane, Palghar, and the outskirts of Mumbai actively participate, underscoring the initiative's commitment to inclusivity and broader impact.
Hosted on December 9th, the event served as a testament not only to innovation but also to resilience and determination. It spotlighted the transformative power of guidance and resources. Through this collaborative effort, Deutsche Bank and Going to School are pioneering a future where sustainability and entrepreneurship intertwine, setting a blueprint for a brighter, greener tomorrow.
