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Indian Women Entrepreneurs Graduate Goldman Sachs’ “10,000 Women” Initiative

In Business, Entrepreneurs, India, People Making A Difference on May 7, 2009 at 7:27 am
First Class of Indian Women Graduates

First Class of Indian Women Graduates

By Antoinette Alexander

29 women entrepreneurs in India graduated Goldman Sachs’ “10,000 Women” initiative, amid global movement for women’s economic empowerment

The initiative is founded on the basis of research conducted by the World Bank, Goldman Sachs and others, which revealed that educating women is one of the most effective ways to bolster economic growth and improve living standards in developing countries like India. Research found that, on average, a 1% point increase in female education raises annual GDP growth rates by a 0.2%.

In India, the 29 women entrepreneurs  completed a 150-hour certificate program in entrepreneurship and have presented their business plans as part of the coursework, which the organization will help expand. Goldman Sachs has partnered with NEN, London Business School and Indian School of Business.

The Goldman Sachs 10,000 Women initiative was launched March 5, 2008. It will commit US$100 million over the next five years and has partnered with more than 50 universities and organizations in Africa, Asia, Europe, Latin America, the Middle East and United States to seek, create and develop programs to impact the quality and capacity of business education in developing regions around the world.

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