In order to uplift women\u2019s entrepreneurial spirit in India, Accelerator Group LLC an investment banking and knowledge services firm with offices in US and India has announced a $25 Mn early stage private equity fund for women entrepreneurs. The Accelerator Group\u2019s Achieving Women Entrepreneurs (AWE) Fund I is specifically for women owned and led enterprises. The announcement was made at the\u00a0TiE Global\u2019s AIRSWEEE program.\r\n\r\nTalking about the fund launch, Seema Chaturvedi, Managing Director of Accelerator Group LLC said, \u201cEconomic empowerment of a woman creates a ripple effect, which not only catalyzes gender equality and resulting positive social reforms but can also truly have a multi-generational impact.\u201d\r\n\r\nThe fund launch was a part of TiE Global\u2019s AIRSWEEE (The All India Roadshow on Women\u2019s Economic Empowerment Through Entrepreneurship) program. AIRSWEE is funded by the U.S. Department of State and is looking to empower women entrepreneurs from 27 Indian cities.\r\n\r\nThe California-based TiE Global has mentored about 125 women from 27 mostly Tier 2 and Tier 3 Indian cities. The program was initiated in September 2016 to educate and inspire women in smaller Indian cities to consider entrepreneurship.\r\n\r\nCommenting on the success of Project AIRSWEEE, Craig Dicker, Acting Public Affairs Officer, U.S. Embassy in India said, \u201cIndia is a country bursting with potential, particularly among entrepreneurs, but it\u2019s largely untapped, especially with respect to women in Tier II cities. The U.S. government\u2019s objective through this program is to tap into this amazing potential women in second tier cities have, to encourage them, to support them, to help them network, to mentor them to believe in themselves, not only to launch a startup but to reach commercial success. \u00a0Our objective is to empower women in second tier cities through entrepreneurship, so that they can become leaders.\u201d\r\n\r\nThe AIRSWEEE program was funded by the U.S. Department of State. Given the current impact TiE Global has received a second round of funding to amplify the outreach of AIRSWEEE to additional cities in India.\r\n\r\nTo promote women entrepreneurship, the United States and India are co-hosting the 2017 Global Entrepreneurship Summit (GES) in Hyderabad, on November 28-30. \u00a0The theme of the Summit will be \u201cWomen First, Prosperity for All,\u201d highlighting the critical role women play in fostering global growth and prosperity. As per reports, Ivanka Trump, Advisor to the President, will lead the U.S. delegation.\r\n\r\nWith this $25 Mn fund launch, AIRSWEE, TiE Global and Accelerator Group LLC have surely taken a step towards empowering women entrepreneurs. This is not the only initiative looking to motivate women entrepreneurs. Earlier this month Mumbai-based Zone Startups India launched the second edition of empoWer \u2013 India\u2019s first tech accelerator for women entrepreneurs building technology ventures.