Wadhwani Foundation
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| Nonprofit Organization | |
| Website | www.wadhwani-foundation.org/ |
The Wadhwani Foundation is a philanthropic organisation founded by Dr. Romesh Wadhwani.
The Foundation’s mission is "to accelerate economic development in India and other emerging economies." The Wadhwani Foundation principally works through partnerships with like-minded individuals, organisations, corporations, and governments.
Conceptualised in 2000, the Foundation launched its first initiatives in Entrepreneurship development. The National Entrepreneurship Network (NEN), opened in 2003, is now the largest entrepreneurship community in India with over 500 academic institutes, 70,000 students, 1000 faculty members, and about 200,000 registered online members. The Foundation has since scaled up its activities to replicate its success with the NEN, in four additional focus areas: Innovation and Research, Career and Skill Education, Educated Disabled, and Indo-US Policy.
One of the Foundation’s initiatives in this sector was establishing and funding the Wadhwani Centre for Entrepreneurship Development (WCED) at the Indian School of Business in 2001. WCED is concerns entrepreneurship as transformational for the broad-based growth of India and other developing economies. It aims at enabling creation and growth of sustainable and competitive enterprises, through innovative research, outreach and pilot initiatives.
The Foundation established National Entrepreneurship Network (NEN) in 2003 with the aim of building impactful entrepreneurship programs at leading institutions of higher learning. Today, over 500 of the top 1,000 colleges in the country support the Foundation’s entrepreneurship development programs, and over 50,000 students graduate out of these programs each year. In addition, NEN 200,000 registered online members.
NEN has also initiated a program to nurture educators in entrepreneurship. As part of this initiative, NEN has trained 1,200 teachers and has established itself as a platform for networking and support. It has angel investors, venture capital firms and a research bureau to help students start and grow their companies. In 2011, about 230 companies were formed by students who enrolled for the course. Out of half a million students who take this course, 20% enroll join entrepreneurship clubs for the next level of training.
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