Goldman Sachs partner with IIM Ahmedabad, IIM Lucknow to train 10,000 Women Entrepreneurs

IIM Ahmedabad and IIM Lucknow EIC added as new academic partners for the program, alongside existing partner IIM Bangalore - NSRCEL

Indian Institute of Management Ahmedabad and Indian Institute of Management Lucknow Enterprise Incubation Centre have been chosen as new academic partners to provide women entrepreneurs with the skills and knowledge they need to grow their businesses under a major expansion of Goldman Sachs 10,000 Women. The initiative has been launched to increase economic growth by providing women entrepreneurs with business education, networking, and access to capital.

"Together with existing academic partner Indian Institute of Management Bangalore - NSRCEL, Goldman Sachs 10,000 Women aims to graduate 1,000 women entrepreneurs in India over the next year and grow its current overall intake of about 3,800 women entrepreneurs to 10,000 by 2033," says a staement by Goldman Sachs.

This expansion seeks to unlock the potential of women entrepreneurs to drive India’s growth story and directly supports the nation's “Viksit Bharat 2047” vision for a developed India.

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.”

Prof. Bharat Bhasker, Director of IIM Ahmedabad talking about the partnership said: “This collaboration with Goldman Sachs helps address the critical structural barriers that women entrepreneurs face, particularly in accessing capital and professional networks. Through this, 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.”

“The initiative will contribute to dismantling barriers and establishing a supportive ecosystem where women-led ventures can flourish, scale and inspire,” said Prof M. P. Gupta, Director of IIM Lucknow.

Goldman Sachs’ “India Womenomics” research highlights that over the next two decades; India is uniquely positioned to benefit from favourable demographics. To capitalize on this, the country needs to create employment opportunities for women and increase their overall labour force participation rate, which remains below other major developed and emerging economies.

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