Social media giant Facebook said it will create opportunities and invest in the Indian startup ecosystem in 2018 in line with the government’s Startup India campaign.
Ankhi Das, Director of public policy for Facebook in India said, “India is producing a new generation of startups that have incredible potential. Facebook is committed to helping create economic growth opportunities for startups and skill seekers in India and will continue investing in India’s digital skills of the future.”
As per Das, a lot of Facebook’s focus will be to support small businesses in India, particularly those run by women to help them connect, share and grow through more initiatives like #SheMeansBusiness and SheLeadsTech. “Through #SheMeansBusiness, Facebook has visited 18 cities across 6 states in India, providing skills training to more than 14,000 small businesses and self-help groups including 12,000 women entrepreneurs across the country,” Das added.
The SheLeadsTech is a programme that gives women-founded/co-founded startups access to a year-long programme that provides tools, mentorship and resources in order to overcome some of the barriers women face and help them build a successful business in technology.
Facebook And The Indian Startup Ecosystem
The development comes a month after Facebook announced the launch of a new initiative, wherein it will be setting up an online startup hub to assist entrepreneurs in starting up and scaling their businesses. As part of the new project, the company is also planning to establish digital training centres to help enhance digital literacy among job seekers.
As per the official statement, Facebook is aiming to train over 500K Indians through these online hubs within the next three years. According to sources, the hubs are being launched in collaboration with local organisations.