Going to School, a not-for-profit education trust, brought together twenty-three women entrepreneurs from marginalised communities in Mumbai and Bengaluru to present startup ideas that can help address climate change.
The initiative, named Pitch It, is akin to the popular show, Shark Tank which involved startups and entrepreneurs pitching their business models before industry veterans to onboard them as investors.
With the guidance of the Youth Venture Fund, the project has J.P. Morgan offering support by creating a pipeline of skilled women entrepreneurs and Deutsche Bank providing access to startup grants.
The latter part of the project saw these entrepreneurs showcase their business ideas via in-person pitches to dedicated volunteers from Deutsche Bank, who helped review their business plans and chart out comprehensive roadmaps to convert ideas into tangible businesses.
Leading up to the event, Going to School, conducted experiential programmes for the women entrepreneurs, supported by J.P. Morgan.
Focused on learning outside the traditional settings, the programme includes spending time onsite in sustainable enterprises and is aimed at equipping the participants with real-world exposure and vital business skills such as market research, supply chain management, and cash-flow dynamics. After conclusion of training on core entrepreneurial skills, the entrepreneurs researched businesses that offer solutions to climate change challenges and participated in bootcamps to help them develop business plans.
Commenting on the Pitch It! initiative, Ruchi Khemka, Head, Corporate Social Responsibility, India, Deutsche Bank Group said, “Young women in India are brimming with ideas to address critical challenges.