Don’t Let Your Business Ideas Rot! Babson College Launches New Business Program For Female Entrepeneurs

October 10, 2013  |  

The latest data shows  that the number of women pursuing entrepreneurship dropped 10 percent. Eager to prevent a continued decrease in business women with lucrative ideas, Babson College launched the Women Innovating Now (WIN) Lab, “designed specifically to support women entrepreneurs in their startup and early-stage ventures,” Sacramento Bee reports.

In this program, women will be surrounded by networking opportunities and develop strong entrepreneurial skills. Resources that stimulate a successful business and creates much-needed jobs will be more accessible for fledgling business women. “[T]he WIN Lab offers Babson women entrepreneurs — undergraduates, graduates and alumnae — the road map, expertise, inspiration, and community they need to successfully reach their entrepreneurial goals,” Sacbee added.

Kerry Healey, president of Massachusetts college, recognizes that there are plenty women who want to fulfill their entrepreneurial goals but lack the support system to do so.

“From our research, we know that there are more than 126 million women entrepreneurs active around the world. Yet more can and must be done to help women further grow their businesses. Babson’s WIN Lab is designed to do just that,” she said.

According to Sacbee, the WIN Lab experience includes access to bank loans and loan funds, accounting and financial management, learning customer acquisition, and introductions to angel investors and venture capitalists.

The program meets weekly throughout the year and is divided into two parts: Series I, which is from September to December, focuses on pushing participants’ boundaries to create an entrepreneur that’s more-than-ready for leading a business. Series II starts from January to April and helps “shape an entrepreneurial team and develop a launch and funding strategy,” Sacbe added.

And it should be noted that despite the image above, Babson is very serious about entrepreneurship, recognized widely for its offerings in this area.

For more information, click here to visit Babson College’s WIN Lab website.

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