Edtech Platform PhysicsWallah Launches School of Startups with Crores of Fund for 100 Startups
Introduction
India’s startup ecosystem continues to grow, and PhysicsWallah (PW) is contributing to this momentum. The Edtech unicorn has recently launched the PW School of Startups (SOS), aiming to support aspiring entrepreneurs across India. The initiative helps to provide a platform for entrepreneurs who can convert their business ideas into successful ventures. With a Rs 100 crore fund, the PW School of Startups plans to support 100 startups over the next five years. This significant financial backing is a key component of their mission to nurture new businesses, particularly in Tier 2 and 3 cities. Alakh Pandey, the founder and CEO of PhysicsWallah, believes that startups from smaller cities can play a major role in driving India’s economic growth.
Why PW School of Startups Matters
India is now home to the third-largest startup ecosystem in the world. By 2023, Indian startups had created one million jobs, with 48% of these startups originating from Tier 2 and beyond cities. However, many of these aspiring entrepreneurs face challenges due to a lack of guidance, mentorship, and financial resources. This PW School of Startups steps here. Their program offers practical training, strategic mentorship, and access to capital, helping participants transform their ideas into real businesses.
Three Programs Tailored to Different Needs
To cater to various stages of an entrepreneur’s journey, the PW School of Startups offers three distinct programs: Aarambh, Prarambh, and Hopes Alive.
1. Aarambh: The details are:
- Duration: 5 day offline Program
- Focus students: School students, college students, and early professionals.
- Aim: To provide a solid foundation in entrepreneurship, with a focus on building essential skills and offering valuable resources.
2. Prarambh: The details of this program are:
- Duration: 5 month
- Focus students: College students, early professionals, small family business owners etc..
- Aim: To help participants refine their ideas and manage their startups effectively.
3. Hopes Alive:
- Duration: 5 months hybrid program
- Designed for: Seed-funded or bootstrapped startups across India.
- Aim: To offer financial resources, expert counseling, and valuable connections to help participants scale their businesses and achieve long-term success.
Supporting Bharat’s Startup Ecosystem
The focus of PW School of Startups is on urban areas, Tier 2 and 3 cities across Bharat. The SOS initiative aims to bring these ideas to life by providing the necessary guidance and resources. Founder Alakh Pandey believes that with the right support, startups from these cities can make a significant impact on India’s economy. The PW School of Startups offers this support through its carefully designed programs, mentorship, and funding opportunities.
Expanding Beyond Education
PhysicsWallah has come a long way since its inception in 2020. What started as an online education platform has now expanded into various sectors, including skilling and entrepreneurship. The launch of the PW School of Startups is a natural progression in PW’s mission to democratize education and support lifelong learning.Earlier this year, PhysicsWallah also ventured into physical schools with the launch of PW Gurukulam Schools in Gurugram and Varanasi.
The Vision for the Future
In the next 12 months, the PW School of Startups aims to enroll 1,000 aspiring entrepreneurs in Aarambh. aims 100 entrepreneurs in Prarambh y supporting at least 100 startups over the next five years, PW is helping to build a strong foundation for India’s future entrepreneurs. The PW School of Startups is more than just a training program; it’s a movement to empower the next generation of business leaders.PhysicsWallah’s expansion into entrepreneurship reflects its commitment to supporting the growth of India’s startup ecosystem. The launch of the PW School of Startups is a step towards nurturing innovation, creativity, and sustainable growth. With financial backing and strategic mentorship, aspiring entrepreneurs now have a clear path to turn their ideas into reality.
Conclusion
This school of Startups is a game-changer for aspiring entrepreneurs in India. With its focus on providing practical training, mentorship, and financial support, the initiative is set to make a significant impact on Bharat’s startup ecosystem.
References:-
PW School of Startups Launch Announcement- Alakh Pandey’s Vision for Bharat’s Startup Ecosystem- Statistics from the Economic Survey of India 2023
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