A group of Indian and international partners yesterday announced the formation of an alliance that aims to catalyze a mass entrepreneurship movement in India with the aim of creating 10 million new entrepreneurs and 50 million new jobs by 2030.
Former Microsoft India Chairman and founder of GAME Ravi Venkatesan stated that job creation is a challenge and given the size of India, the problem is of higher magnitude. He added that the alliance aims to create a mass entrepreneurship movement in India, with at least half of the 10 Mn entrepreneurs being women.
The coalition, called Global Alliance Mass Entrepreneurship (GAME), has received an initial funding commitment of Rs 100 Cr over three years from several Indian and global donors.
The announcement was made at a day-long workshop here organized by The Rockefeller Foundation.
Christine Heenan, Vice President for Policy, Partnerships and Communications, The Rockefeller Foundation stated, “Helping more Indian families rise out of poverty remains a challenge we're committed to tackling; creating thousands of new companies and millions of new jobs is key to that. This alliance can make that goal a reality.”
The one day workshop saw participation from about 50 organizations including a Ministry of Skill Development and Entrepreneurship, Ministry of Rural Development, Tata Trusts, state governments of Andhra Pradesh, Odisha, World Bank, Omidyar Network, and Facebook India among others.
Endorsement and support for the alliance has come from many organizations.
K.P. Krishnan, Secretary, Ministry of Skill Development and Entrepreneurship, said in a statement, “My ministry fully welcomes and supports this initiative and hopes to benefit by these ideas. One of the foundational ideas in the creation of a Ministry of Skill Development and Entrepreneurship was the notion that skilling should lead to livelihoods generation. The missing link is the ecosystem for creation of mass entrepreneurship. GAME, with potential solutions to this problem, is most timely.”