UPSC PRELIMS 2019 : Kerala to hold women startup summit

Kerala to hold women startup summit

Topic: Kerala to hold women startup summit

Topic in Syllabus: Indian Economy

 

Context:

Kerala to hold women startup summit

The Kerala Startup Mission(KSUM) is hosting the Women Startup Summit on August 1,2019.

 

Key Points:

  • The summit will be held in association with the Indian Women Network floated by Confederation of Indian Industry(CII).The theme of the Summit is “Developing an Inclusive Entrepreneurship Ecosystem”.
  • Further,about 20 women startups shortlisted from the “She Loves Tech” national grand challenge will be showcased in the summit.

 

Significance:

The summit aims at encouraging aspiring women professionals to take up their entrepreneurial journey and developing an inclusive entrepreneurship ecosystem in the State.

 

She Loves Tech:

She Loves Tech 2019 Global Startup Competition is a global platform for women entrepreneurs as well as startups dedicated to improve the lives of women.

 

Advantages of women in business

  • A diverse workforce is an innovative workforce
  • Women excel at the soft skills needed for business leadership
  • Women represent huge economic power and offer important consumer insight

 

Challenges for women in business

  • Women are still underrepresented in key fields
  • Gender bias in the workplace
  • Women are less successful when it comes to salary negotiation

 

Opportunities for women in business

  • Gender equality and inclusivity becoming policy
  • Entrepreneurship as the path to leadership
  • Strengthening credentials with a business degree

 

Sample Question:

Which city will be hosting the upcoming women Startup Summit?

(A) Kochi
(B) Pune
(C) Goa
(D) Chennai

 

Solution: (A)

Kochi is gearing up to promote women entrepreneurship summit in a big way. In association with the Indian Women Network run by the Confederation of Indian Industries, the Kerala Startup Mission (KSUM) will be hosting a women startup summit on August 1 in Kochi. This meet is open to all women professionals, budding entrepreneurs, corporate leaders and startup founders across the country.