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Today Date : Monday, May 20, 2024, Wadhwani Foundation to set up MSME incubator, Wadhwani Foundation to set up MSME incubator

MSMEs (micro, small and medium enterprises) in India are set to get a fillip as and Wadhwani Foundation collaborate for strategic collaboration. The not-for-profit Wadhwani Foundation, through its initiativeWadhwani Advantage (WA), is known for empowering SMEs to get on anaccelerated growth track, through its global funding, world-class frameworks and consulting tools and trainings, helps MSMEs deliver 10X business growth with its world-class, tech-enabled, human-intervened mentoring platform.According to an official communication, the MSME-accelerator alliance will offer specialised and subsidised mentoring by industry veterans to eligible MSMEs, with a revenue turnover between Rs 5 crore and Rs 100 crore, unlocking their potential for growth quicker and with a more strategic outlook than what the MSMEs’ own capacities would have allowed. The combined frameworks and tools of the two mentor organisations would allow a Do-It-Yourself (DIY), a high-impact delivery model for smaller companies and an adviser-led consulting and project management delivery model for larger companies.