Entrepreneurship Industry News

GAME to facilitate creation of 50 mn jobs by 2030; gets Rs 100 cr funding commitment

Global Alliance for Mass Entrepreneurship (GAME) — a consortium of public and private organisations — today said it aims to facilitate creation of 10 million new entrepreneurs and 50 million jobs by 2030, with a special focus on opportunities for women.

GAME has also received initial funding commitment of Rs 100 crore over three years from several Indian and global donors.

Speaking to , former Microsoft India Chairman and GAME founder Ravi Venkatesan said job creation is a global challenge and given the size of the Indian market, the problem is of a higher magnitude for the country.

“It involves lots of stakeholders, and is interconnected with many other issues, ranging from infrastructure and access to finance to ease of doing business. It cannot be solved by government or corporates alone, it requires working together,” he added.
Venkatesan said the alliance aims to catalyse a mass entrepreneurship movement in India, and aims to create 10 million new entrepreneurs, with at least half of these being women, and 50 million new jobs by 2030.

He said GAME has received initial funding commitment of Rs 100 crore over three years from several Indian and global donors.

GAME also organised a day-long workshop, along with The Rockefeller Foundation and Dalberg Advisors, as the first step in identifying a collective vision, driving commitment from interested organisations and defining concrete action plan for the proposed alliance.

The event saw participation from nearly 50 organisations, including the Ministry of Skills Development and Entrepreneurship, Ministry of Rural Development, Ministry of Micro, Small & Medium Enterprises (MSME), state governments of Andhra Pradesh, Odisha, and Meghalaya, Tata Trusts, UNICEF, World Bank, Omidyar Network and Facebook India, among others.

“India has a major challenge when it comes to creating enough jobs. With nearly one million young people entering the working age population every month, India needs new engines of job creation. It was IT a decade back, we need a new wave,” Venkatesan said.

Read more: Times of India