In the latest development in the startup sector, Facebook’s plan to extend its Startup programs to Tier 2 cities will further boost growth in businesses
Facebook has announced that it will be expanding its startup program called SheLeadsTech to broaden its network among the startup community in India. This program aims to train women entrepreneurs in Tier 2 cities to shape their business ideas. It has its presence across 24 cities, which will be raised to cities like Chandigarh, Ahmedabad, Coimbatore, Bhubaneswar, Guwahati, and Shillong.
SheLeadsTech’s focus is to offer training in different tools, mentorship and resources and support women entrepreneurs in forming their businesses.
Satyajeet Singh, Head of Platform Partnerships, Facebook India believes that India will prosper when startups are progressing and this is the reason behind the social media giant’s startup programs.
AR VR platform
Facebook has partnered with co-working spaces to build innovation hubs that will aid startup firms in launching their businesses in augmented reality (AR) and virtual reality (VR) technologies. It has chosen Delhi, Mumbai, and Bangalore for this purpose. These hubs will be working as a centre for innovations of developers.
Facebook has around 50,000 members across 15 cities in India, which will be raised to about 100,000 developers in 20 cities by 2019.
Startup in India
India’s push towards innovation has aided the startup companies to further venture into new business segments with their ideas. The government’s training programs, besides various tech majors offering training modules for business enthusiasts and funds to support the businesses, have helped the startup ecosystem grow over the years.