Company Research Report: Global Alliance for Mass Entrepreneurship (GAME)
Company Overview
- Name: Global Alliance for Mass Entrepreneurship (GAME)
- Mission: Catalyze an India-wide movement of mass entrepreneurship for the growth of both existing and new enterprises, aiming to create 50 million new jobs by 2030, with women owning 25% of the businesses.
- Founded: August 2018
- Founders: Ravi Venkatesan, Madan Padaki, and Mekin Maheshwari
- Key People:
- Ravi Venkatesan - Co-Founder
- Madan Padaki - Co-Founder
- Mekin Maheshwari - Co-Founder
- Headquarters:
- Office Address: 14, Walton Rd, Shanthala Nagar, Ashok Nagar, Bengaluru, Karnataka 560001
- Registered Address: 73/42, 41st Cross, Jayanagar 8th Block, Bengaluru, Karnataka 560082
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: GAME is recognized for mobilizing the ecosystem necessary to address systemic challenges to job creation in India. It acts as a backbone organization aligning partners to boost mass entrepreneurship.
Products
GAME does not offer conventional products but rather initiatives and programs designed to foster entrepreneurship. These initiatives are structured to support specific demographics and address hurdles to entrepreneurship in India.
Key Initiatives
1. NBFC Growth Accelerator Program
- Description: Designed to enhance access to funding for Micro, Small, and Medium Enterprises (MSMEs) by collaborating with Non-Banking Financial Companies (NBFCs).
- Features: Focus on easing funding challenges for MSMEs by partnering with financial institutions.
2. Women Entrepreneur Financial Empowerment Program
- Description: Provides empowerment and support to women entrepreneurs.
- Features: Aim to improve economic participation of women, aiming for at least a quarter of new entrepreneurs to be women.
3. Women Economic Empowerment
- Description: An initiative for creating enabling conditions and innovations to boost the ecosystem for women entrepreneurs.
Recent Developments
- New Appointments: In August 2023, Ketul Acharya was appointed as Executive Director of GAME.
- Partnerships:
- SIDBI: Collaborated with SIDBI to design and implement the NBFC Growth Accelerator Program to support MSMEs.
- Yuwaah: Launched the Climate Kranti initiative to empower youth to become green entrepreneurs.
- Programs Launched:
- In February 2023, a program for enabling access to formal finance for women entrepreneurs was launched in Maharashtra, Madhya Pradesh, and Rajasthan.
- New Features or Initiatives:
- The revamped Women Entrepreneurship Platform (WEP) 3.0 was introduced as a one-stop solution for women's entrepreneurial needs in December 2023.
- Impact Reports: Released several reports on the current state of entrepreneurship, with a focus on delayed payments affecting MSMEs.
Noteworthy Achievements
- Through its Growtherator initiative, GAME has achieved collective sales of 58.04 crores.
- Introduced the Entrepreneurship Mindset Curriculum benefiting 326,200 students by inculcating entrepreneurial traits.
Conclusion
The Global Alliance for Mass Entrepreneurship remains a pivotal organization in fostering an entrepreneurial ecosystem in India. The organization is strategically focused on facilitating access to finance, promoting gender inclusivity in entrepreneurship, and nurturing youth entrepreneurial skills. Looking forward, GAME aims to produce a substantial transformation in India's market dynamics by achieving their goal of 50 million jobs by 2030.
