In an exciting development for aspiring female entrepreneurs, Press Play Ventures, has announced the launch of a scholarship program aimed at supporting women from corporate backgrounds to venture into the start-up world.
The program, which is supported by LaunchVic, is a collaborative effort involving NiceTo, Jumpstart Studio, Vox360, and Evander Strategy.
Press Play Ventures, through the combined expertise of its founding partners, including Preethi Mohan of NiceTo, Sangeeta Mulchandani of Jumpstart Studio, Poonam Advani of Vox360, and Isaac Jeffries of Evander Strategy, is poised to become a pivotal force in shaping Victoria’s start-up ecosystem.
Preethi Mohan, speaking with The Australia Today, shared insights into the motivation behind this initiative.
“Women in corporate roles are the perfect fit for entrepreneurship, and I say this from experience. They possess an arsenal of technical skills, tenacity, and leadership traits, and they are already battle-hardened players in the business world.”
“When these women step into the entrepreneurial arena, they thrive better than most other founders,”
added Preethi Mohan.
LaunchVic’s support has been crucial, enabling Press Play to offer 100 scholarship positions designed to help women transition from mid to senior employment backgrounds to successful startup founders.
The program’s benefits are extensive, and they include:
- Cost-free & Equity-free: Participants can engage with scholarships valued at $4700 without incurring any cost while retaining full ownership of their business.
- Flexible Participation: The program allows women to explore entrepreneurship without having to leave their current jobs, providing valuable startup insights.
- Idea Development: The initiative promises to assist participants in evolving their business ideas into viable prototypes with significant growth potential.
- Expert Mentorship: Industry leaders are on board to provide mentorship and support from the very beginning of the journey.
- Time Efficiency: With a manageable commitment of 4-5 hours per week to the virtual program, participants can maintain a balance between family, personal time, and entrepreneurial development.
The application window for the cohort, which commences on February 5th, 2024, is closing soon on November 15th.
“Is the thought of being your own boss a frequent dream? If you’re thinking about entrepreneurship, particularly post-corporate life or within the startup or scale-up ecosystems, your moment is now,”
encourages Preethi.
Press Play Ventures stands as a testament to the commitment of its founders and LaunchVic towards empowering women in Victoria, offering them the tools and support to become the leaders of tomorrow’s business world.
“Press Play, we’re here to back you every step of the way,” asserts Preethi, highlighting the ethos of unwavering support that the program promises its participants.
The applications for a cohort start date of February 5th 2024 close 15th November.
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