Edtech unicorn PhysicsWallah (PW) has launched the PW School of Startups (SOS) to nurture entrepreneurial experience and organize a $5 million fund to assist not lower than 100 startups over the next 5 years.
The model new initiative beneath PW Foundation will give aspiring entrepreneurs a platform to transform their ideas into worthwhile ventures by means of cost-effective programmes, hands-on teaching, strategic guidance and entry to capital, it talked about in a press launch.
“India’s thriving startup ecosystem will contribute significantly to our nation’s monetary progress and I think about immense potential might be seen inside the startups rising from Tier 2 and three cities,” talked about Alakh Pandey, Founder and CEO, PW.
Although these aspiring entrepreneurs have unbelievable enterprise ideas, they often wrestle on account of an absence of guidance and absence of a supportive neighborhood, he talked about.
In accordance with this 12 months’s Monetary Survey, India, the world’s third-largest startup ecosystem, will create 1,000,000 jobs by means of startups in 2023. About 48% of these startups originate from Tier II and cities, dealing with healthcare, education, and tackling challenges. Agricultural fields.
PW SOS supplies three packages—Startup, Start and Hopes Alive—tailored to completely totally different ranges of the entrepreneurial journey. Aarab is a five-day offline program for varsity faculty college students, college faculty college students and budding professionals.
Samarad is a five-month offline program for college faculty college students, early-stage professionals, small family enterprise householders, second-generation entrepreneurs and social affect fanatics. It focuses on enterprise model enchancment, branding and budgeting to help refine ideas and efficiently deal with startups.
Lastly, Hopes Alive—a free five-month hybrid program for seed-funded or bootstrapped startups all through India—supplies financial belongings, expert advice and connections to help members scale and acquire long-term success.
Inside the subsequent 12 months, PW SOS plans to enroll 1,000 aspiring entrepreneurs in Samarad and 100 budding entrepreneurs in Samarad.
“By way of PW SOS, we goal to produce entry to aspiring entrepreneurs with entry to mentorship from expert startup founders and key individuals who’ve effectively scaled organizations,” talked about Prateek Maheshwari, co-founder of PW.
Earlier this month, PW launched its progress into healthcare, broadening its experience selections previous experience and administration. This follows a contemporary enterprise into bodily schools with PW Gurukulam schools in Gurugram and Varanasi.
PW, which started inside the test-preparation part and later expanded into the skills sector, hopes to do one factor associated with its schools.
remaining week, YourStory Lightspeed Enterprise Companions is reportedly set to steer a $150 million funding spherical for PW.
Primarily based in 2020 and headquartered in Noida, the edtech group aspires to be a lifelong learning affiliate for its faculty college students. Its selections span quite a few tutorial disciplines along with two Gurukulam schools, examination preparation in over 43 disciplines, expertise vertical, elevated education and study abroad packages.