22 August 2024
Edtech platform Physics Wallah (PW) has launched the PW School of Startups (SOS) under its PW Foundation, marking a significant step in its mission to democratise education across Bharat.
PW SOS is designed to bridge the gap between traditional education and the dynamic startup ecosystem, emphasising entrepreneurial skill development. The initiative provides aspiring entrepreneurs with cost-effective programs, practical training, strategic mentorship, and access to capital, offering a comprehensive platform to transform ideas into successful ventures.
The launch of PW SOS comes at a time when India's startup ecosystem is flourishing. According to the Global Entrepreneurship Monitor India Report 2022/23, 75.5% of Indians see good business opportunities locally, placing India 7th out of 49 countries. Moreover, about 78% of the youth find starting a business in India relatively easy, contributing to the country's position as the world's 3rd largest startup ecosystem. By 2023, Indian startups had generated 10 lakh jobs, with nearly half of these ventures emerging from Tier 2 and beyond cities, addressing local challenges in sectors like healthcare, education, and agriculture.
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