WEConnect India Initiative

8/8/2019 WEConnect India Initiative

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Copyright 2010 WEConnect International, Inc., All Rights Reserved

Presentation by Archana Bhatnagar ,Ch ief Strategist WE Connect India Initiative

WEConnect


MissionFacilitate sustainable economic growt h by increasingopportunities for women-owned businesses to succeedin the global value c hain.

VisionWe envision a world w here global value c hains benefitfrom the full participation of women-owned businesses;where corporations , entrepreneurs , governments andNGOs collaborate to ensure inclusive and sustainableeconomic development.

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HistoryQuantum Leaps and leading multinational corporationsthat are members of t he Womens Business EnterpriseNational Council (WBEN C) in the U.S. collaborated tolaunc h WEConnect International as a non-profit in 2009WEConnect International is led by an independent Boardof Directors elected by and from its corporate membersWEConnect International is now establis hed in Canadaand Europe , is launc h ing initiatives in India and Ch ina , and has been invited to focus on a number of developingeconomies t hroug h strategic partners h ips

3 Copyright 2010 WEConnect International, Inc., All Rights Reserved

WEConnect International M embersAccentureAlcatel-LucentAT&TBoeing

Cisco SystemsCitigroupDun & BradstreetErnst & YoungExxon M obileHP

IBM

IntelM anpower M arriottM otorolaPfizer PG&EVerizonWalmart

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Why Women?According to T he World Bank , women-owned businessesrepresent 25-33% of all private businesses in t he worldWomen do 66%of t he worlds work , receive 10% of t heworlds income , and own 1% of t he means of productionWomen make 70% of purc hasing decisions in t he homeso t heir impact on value c hain creation is keyWomen represent 50% of t he worlds population , but t heyare almost invisible in t he global value c hain as suppliersto corporations and governments


Certification StandardsCe rtification confirmation t hat a business is at least 51%owned , managed and controlled by one or more womenOwn e rship at least 51% owners h ip of the company isheld by one or more womenManag eme nt the company is lead / managed by aPrincipal Executive Officer w ho is a womanC ontrol the key business decisions regarding t hecompanys finances , operations , personnel and strategyare made by a womanCertification is not evidence of size , quality or sustainability

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Copyright 2010 WEConnect International, Inc., All Rights Reserved 11

Ce rtification in India- Self-registration will be available to women ownedbusinesses in January of 2011- Certification will be available to pilot participants inselect major cities in t he first t hree mont hs of 2011- Certification will be available to all womensbusiness enterprises in select major cities in April of 2011- Additional cities will be added as certificationassessors are trained across t he country


Certification ProcessSelf-register on WE Connect International Global PortalApply and pay for certification on Portal

Certification lead from portal sent to local service provider Service provider conducts site visit and document reviewSite visit and document review results sent to WE ConnectWEConnect issues certification if applicant meets criteria

Certified business have access to t he global knowledgeand networks offered by WE Connect International

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ImpactP ot e ntial WEConnect Internationals global networkspends over $700 billion on products and services per year Vision WEConnect International has t he power toinfluence at least 1% of t hat global spendRe sult $7 billion can be available to women ownedbusinesses t hat are able to compete for contractsC ollaboration The success of t h is global effort willdepend on a h igh level of collaboration and local support


Contact

www.WE ConnectInternational.org

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WEConnect India Initiative