Study says Young Women Entrepreneurs in Karnataka lack Mentorship

By: WE Staff | Monday, 29 April 2024

A recent study by Edupull, an ed-tech startup found that young women in Karnataka feel neglected and lack mentorship, despite their passion for entrepreneurship. The survey, which included over 8,700 students that covered Tier-1 and Tier-2 cities of Karnataka including Bengaluru, Mangaluru, Belagavi, Mysuru, and Hubbali revealed that many are hesitant to venture into corporate and multinational companies.

The survey reveals that 66 per cent of Indian students have entrepreneurial role models, but a significant gender gap still exists, with nearly half of the women in Tier 1 cities with 46.4 per cent and Tier 2 cities with 42.44 per cent lacking mentors who can assist them in advancing their ideas and perspectives. There is an urgent need for mentorship programmes that will assist female entrepreneurs, says the survey titled "Exploring the Landscape of Indian Students and Entrepreneurship." Rohan Rai, co-founder of Edupull stated that the survey conducted in February 2024 revealed that despite a rise in young talent exploring entrepreneurship, there are still significant gaps persist. He mentioned, "The females in Tier 2 & 3 cities have limited educational options and accessibility, given the cultural backgrounds and societal influence. Universities and the government should address this and make appropriate policy changes. the first step could be replicating the IITs, IIMs, and IIITs model and building incubation and upskilling centers in smaller towns."

Around 25,000 or 23.91 per cent of respondents surveyed identified access to funding and capital as primary challenges, along with 19.57 per cent said building a strong team and attracting talent. Nearly two-thirds or 59.02 per cent believe the support system for entrepreneurs is weak and lacking. Rohan further noted that young people are hesitant to start businesses due to financial and infrastructure concerns, but are increasingly seeking to break free from traditional 9 to 5 work patterns.