Companies

MRPL to provide seed fund for women start-up entrepreneurs

A J Vinayak | Updated on November 15, 2019 Published on November 15, 2019

Mangalore Refinery and Petrochemicals Ltd (MRPL) and Indian Institute of Management (IIM), Kozhikode, have come forward to support start-ups of women entrepreneurs.

In a statement here, Rudolf VJ Norhonha, General Manager of MRPL, said that to promote women entrepreneurs and to support the ‘Start-Up India’ mission of the Government, MRPL and IIM - Kozhikode and IIMK-Live has jointly launched a Women Entrepreneur development plan called ‘La Eve’.

He said ‘La Eve’ plan of MRPL-IIMK aims to encourage women to take up business ideas, enterprise in diverse fields and launch them into a successful venture.

Start-ups will be selected based on the projected business model through IIM-K Live, a start-up incubation centre promoted by IIM-Kozhikode. Selected start-ups will be given training, mentoring and support during the incubation stage by IIMK-Live. In addition, a seed fund assistance, which can be up to ₹25 lakh will be made available to selected start-ups.

Early stage start-ups with the minimum viable product or at least a proof of concept would be considered.

Women entrepreneurs can apply either at MRPL website (in ‘Start Up’ section), or at IIMKLIVE website.

Norhonha said that the last date for sending application for the programme is November 25.

Published on November 15, 2019
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