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Entrepreneurship is a journey of building credibility: Shaw

Shaw interacting with participants at the We-Hub

Entrepreneurial journey for women is a journey of building credibility and trying to prove to the world that what they are doing was the right thing, said Biocon chairperson Kiran Mazumdar Shaw.

Speaking at the inauguration of newly-built facility of We-Hub here, the Biocon chief maintained that entrepreneurs provide the most important economic activity for a country like India as they create jobs.

“I believe that women have an innate sense of entrepreneurship and only when they leverage on these innate senses they become productive economic contributors,” she told the aspiring women entrepreneurs.

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Taking personal examples, she said she hoped to be born 40 years later so that she could have avoided all the struggles for setting up Biocon.

Shaw built the company at a time when women were not really welcomed in business and had to face financial issues and credibility risks as not many understood her business.

Shaw about entrepreneurship

According to shaw, He built the credibility slowly and steadily.

“Not having money bank was not an issue, but having great idea and execution is important,” Shaw said.

She emphasised on the role of women in India’s growing economy and said the country’s economy would be world class when women have equitable share in it.

She applauded the efforts made by the Telangana government to bring a women-focused incubator and said the mark of a successful government was to become a true partner in the private ecosystem.

The newly inaugurated first women-only incubator’s facility is situated at the Ambedkar Open University campus in the TSAY building.

The 50-seater facility will offer women entrepreneurs a physical space to work and the incubator has child care centre along with a room for mothers.

It will be open 24×7 and has already selected 26 women-led startups for its first cohort.

Speaking on the occasion, IT and Industries Secretary Jayesh Ranjan said We-Hub will follow the unique model based on partnerships.

Any woman entrepreneur could approach for help to ideate and scale it up to the next level.

The inauguration also saw We-Hub signing MoUs with different stakeholders including MNR College, 50K Ventures, P&G Corporation, UNDP Youth Colab, Swissnex India, US India Business Council, GIZ and Australian High Commission – which will be supporting We-Hub with AUS $60,000. We-Hub CEO Deepthi Ravula and US Consul General in Hyderabad Katherine Hadda were also present.

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