Goldman Sachs expands commitment to local women entrepreneurs with first-ever programme in India.
The Indian School of Business (ISB) and Goldman Sachs announced the launch of the Goldman Sachs 10,000 Women Ambassadors Programme to help fuel the continued growth of India’s economy through the acceleration of women-owned businesses. The programme is the first-ever advanced course for Goldman Sachs 10,000 Women, which has trained more than 1,500 women entrepreneurs, from more than 20 states in India, since 2008.
Goldman Sachs 10,000 Women is a global initiative that fosters economic growth by providing women entrepreneurs around the world with a business and management education, mentoring, networking, and access to capital. Founded on the understanding that investing in women entrepreneurs leads to economic growth and stronger communities, Goldman Sachs 10,000 Women has reached more than 10,000 women from 56 countries to date, partnering with more than 30 leading business schools and 100 academic and non-profit partners. In 2008, ISB was the inaugural partner of Goldman Sachs 10,000 Women in India and trained the first 45 cohorts of more than 1,300 women.
A 2018 report by McKinsey indicates that India has one of the largest opportunities in the world to boost GDP by advancing women’s equality, which would lead to $770 billion of added GDP by 2025. The current female contribution to India’s GDP is 18 percent, one of the lowest proportions in the world, reflecting the fact that only 25 percent of India’s labour force is female. The report estimates more than 70 percent of the potential GDP opportunity resides in increasing women’s participation in the labour force by 10 percentage points and calls for a focus on opportunities to address the lack of access to the fundamental enablers of economic opportunity for women.
Designed in partnership with the faculty at ISB, the fully-funded Goldman Sachs 10,000 Women Ambassadors Programme seeks to address and enable such economic opportunity. The programme is an advanced course that builds on the business fundamentals taught in Goldman Sachs 10,000 Women and is specifically designed to fast-track high-potential business owners through a curated curriculum that focuses on business expansion and organisational growth strategies, including building organizational capabilities, leveraging finance for growth, and harnessing the power of digital marketing through customer analytics.
“Following up on our nearly decade-long, successful partnership with Goldman Sachs 10,000 Women, where graduates reported growth in revenues and job creation in their businesses across India, we are thrilled to launch the first-ever Goldman Sachs 10,000 Women Ambassadors Programme,“ said Dr. Philip Charles Zerrillo, Deputy Dean, ISB. “ISB is extremely committed to women’s entrepreneurship and this one-of-its-kind programme aimed at current business owners will provide the tools necessary for participants to take their operations to the next level.”
“Launching the first-ever Goldman Sachs 10,000 Women Ambassadors Programme in India is a testament to the success of women entrepreneurs in the country,” said Charlotte Keenan, Global Director for Goldman Sachs 10,000 Women. “This programme signifies our belief in the potential of women entrepreneurs in India to grow their businesses and serve as ambassadors in their communities and beyond.”
The programme will begin on November 17, 2019 at ISB’s Mohali campus. It will be taught by ISB faculty and industry specialists and will consist of two residencies over three months.
To qualify for the programme, one must be a graduate from Goldman Sachs 10,000 Women and apply for the Goldman Sachs 10,000 Women Ambassadors Programme at : https://www.isb.edu/Ambassadorsprogramme/
Goldman Sachs 10,000 Women is currently delivered in partnership with the Indian Institute of Management Bangalore (IIM Bangalore). Candidates interested in applying for Goldman Sachs 10,000 Women may access the programme website : https://www.nsrcel.org/10000-women/
About Goldman Sachs 10,000 Women
Goldman Sachs 10,000 Women is an initiative to foster economic growth by providing women entrepreneurs around the world with a business and management education and access to capital. The initiative has reached women from 56 countries through a network of 100 academic, nonprofit, and bank partners. In partnership with the International Finance Corporation (IFC), Goldman Sachs 10,000 Women launched the first of its kind global finance facility in 2014 to enable access to capital to more women entrepreneurs. The Goldman Sachs 10,000 Women curriculum is available online through Coursera, creating access to a business education in more corners of the world.
For more information on Goldman Sachs’ investment in female entrepreneurs, visit here : https://www.goldmansachs.com/citizenship/10000women/
