Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

FB Gives Away Applications Under Women Entrepreneurship Initiative

IANS
IANS
Meet the voice behind Indo-Asian News Service (IANS), a storyteller navigating the currents of global events with precision and depth. Crafting narratives that bridge cultures, IANS brings you the pulse of the world in every word

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Facebook India on Monday announced a call for applications from women-led non-profits for the second phase of its corporate social responsibility (CSR) initiative Facebook Pragati.

Facebook Pragati, an initiative to boost women’s empowerment, was launched in 2020 in partnership with The/Nudge Centre for Social Innovation. The initiative, which has entered its second year, will incubate and accelerate early-stage women-led non-profits that are working on women-related issues such as entrepreneurship, digital inclusion, technology, and health.

This year, Facebook Pragati will award six grants of up to Rs 50 lakh to each non-profit to scale up their work, the social networking giant said.

“Facebook has always been committed to promoting inclusivity through its platforms. We strongly believe that with the right digital training and resources, small businesses led by women can create a positive economic footprint for themselves as well as their communities. The impact of Covid on women entrepreneurs in India has exacerbated the vast gender gap,” Ajit Mohan, Vice President and Managing Director, Facebook India, said in a statement.

“We had launched Facebook Pragati last year to help women entrepreneurs in their journey to growth and we have been inspired by the success of the first four beneficiary businesses. We are now thrilled to announce the second phase and await more such exciting organizations to be part of this initiative with Nudge Foundation and us,” he added.

In addition to the grants, each of the non-profits selected for Facebook Pragati will get access to mentorship, fund-raising, organizational capacity building, and collaboration with Facebook.

Non-profits that are less than five years old and have at least one woman founder can apply. The non-profits should also be able to demonstrate a viable business plan, working on women-related issues such as entrepreneurship, digital inclusion, technology, and health. The applications will close on August 17, the tech giant said.

In 2020, Facebook Pragati chose four exceptional women-led nonprofits out of a pool of 1,326 applications and supported through grants and mentoring for 6-12 months.

The Covid-19 pandemic led to massive losses in the Indian non-profit sector, with a significant percentage of organizations seeing shrinkage in annual revenues, but these grantees’ annual revenues in FY2021 more than tripled. They are also planning for another doubling on the larger base in FY2022, the company said.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic