Goldman Sachs, IIMs to Train 10K Women Entrepreneurs

• Goldman Sachs expands 10,000 Women, partnering with IIM Ahmedabad, Lucknow, and Bangalore.
• The program equips women entrepreneurs with skills, mentorship, networks, and funding opportunities.
• Initiative supports India’s economic growth, aligning with the “Viksit Bharat 2047” vision.

Indian Institute of Management Ahmedabad and Indian Institute of Management Lucknow Enterprise Incubation Centre have been selected as new educational partners to equip women entrepreneurs with essential skills and knowledge for business growth as part of a significant expansion of Goldman Sachs 10,000 Women.

The program promotes economic development by offering women business owner’s education, connections, and funding opportunities.

In collaboration with its current academic partner, the Indian Institute of Management Bangalore - NSRCEL, Goldman Sachs 10,000 Women intends to graduate 1,000 women entrepreneurs in India within the next year and increase its total current intake from roughly 3,800 women entrepreneurs to 10,000 by 2033.

This expansion aims to harness the capabilities of women entrepreneurs to propel India’s growth narrative and directly aligns with the country's “Viksit Bharat 2047” vision for a prosperous India.

Professor Bharat Bhasker, Director of IIM Ahmedabad, said, “IIM Ahmedabad has been a torchbearer of entrepreneurship development in India. Our robust entrepreneurial ecosystem spans from campus to the national level, supporting ambitious founders at every stage of their journey. This collaboration with Goldman Sachs helps address the critical structural barriers that women entrepreneurs face, particularly in accessing capital and professional networks. By combining our academic expertise with the global reach of the initiative, we can further bolster an ecosystem of women entrepreneurs to foster innovation, drive growth, and empower women to scale their businesses and become leaders in the Indian economy. Together, we aim to shape a future where women thrive as key contributors to the economy.”

Sonjoy Chatterjee, Chairman and Chief Executive Officer of Goldman Sachs’ business in India, said, “We are doubling our commitment to women entrepreneurs in India. Widening our partnership with India’s premier business schools will drive a powerful combination of education, mentorship, and networks for these entrepreneurs. They will become pillars of India's growth.”

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Professor M. P. Gupta, Director of IIM Lucknow, said, “Promoting female entrepreneurship in India is not just about breaking down barriers but creating a ripple effect that inspires entrepreneurs for generations to come, bolstering the impact and contribution women can have to the economy while driving positive change in society. The association between IIM Lucknow Enterprise Incubation Centre and Goldman Sachs is committed to boosting women entrepreneurship through this uniquely targeted initiative. The initiative will contribute to dismantling barriers and establishing a supportive ecosystem where women-led ventures can flourish, scale and inspire.”

Goldman Sachs’ “India Womenomics” study emphasizes that in the upcoming twenty years, India is exceptionally situated to gain from advantageous demographics. To take advantage of this, the nation must generate job opportunities for women and boost their overall workforce participation rate, which is still lower than that of other significant developed and emerging economies.