Women entrepreneurs get new support through WCIC and PIM partnership

Women entrepreneurs are set to receive new support through a partnership between the Women's Chamber of Industry and Commerce (WCIC) and the Postgraduate Institute of Management (PIM). The two institutions signed a memorandum of understanding earlier this month for a joint initiative called 'Inspire', which aims to support women-led start-ups and grow women-owned businesses.

The programme will be based at PIM Genesis, PIM's business incubation facility. It proposes workspace, mentoring, training and access to finance, including seed funding. First-time entrepreneurs would receive training in legal requirements, bookkeeping and taxation, while existing businesses would get help with product development and networking. The MoU covers an initial period of one year and may be extended by mutual agreement.