As per their joint announcement, this venture is aiming at supporting the female entrepreneurship “as a key enabler of economic and social empowerment”, reports the pienews.com.
The scheme is named as 'Canada- India Acceleration Program'. It was announced by the Canadian minister of Innovation, Science and Economic Development Navdeep Bains during the Canadian government’s recent visit to India.
“Canadian companies are increasingly exploring India as a destination for investment, and we are proud to participate in a partnership that will help even more start-ups expand beyond Canada’s borders.,” said Bains.
The program will help 50 women-led technology start-ups from each country through exchange programs, mentorships, potential seed funding and internship opportunities. The program aims not only at promoting female entrepreneurship, but also in improving the trade collaboration between the two countries.