Nikhil Kamath has unveiled a groundbreaking initiative to nurture the entrepreneurial spirit among the youth. The brainchild of Kamath, the WTFund, is poised to empower individuals aged 25 and under with innovative ideas and a drive to transform industries, as stated in an official press release.
This fund marks a departure from traditional investment models by offering a non-dilutive grant of Rs 20 lakh to selected entrepreneurs, ensuring they retain complete ownership of their ventures. Moreover, the WTFund provides a suite of support services, including access to mentorship pods, a vibrant community within the WTF ecosystem, and a dedicated Go-To-Market studio.
Nikhil Kamath articulated the vision behind WTFund, emphasizing the transformative potential of young founders in shaping India's entrepreneurial landscape. "The India of my childhood differs markedly from the country we see today. Back then, the emphasis was on securing stable employment rather than pursuing entrepreneurship and embracing risk," remarked Kamath. "Young founders tend to create the most impact within entrepreneurship. At WTF, our goal is to cultivate a culture that encourages young entrepreneurs to embrace risk by providing a comprehensive support system. We are excited to launch the fund and see where it goes."
With a focus on identifying the top 1 percent of young entrepreneurs, WTFund aims to select and mentor forty individuals over the course of a year. Entrepreneurs from all sectors are encouraged to apply through the WTF website (www.allthingswtf.com/wtfund).
Originating as a podcast hosted by Nikhil Kamath, WTF has evolved into a platform that champions disruptive thinking and democratizes access to opportunities. The launch of WTFund underscores Kamath's commitment to fostering a new generation of bold and innovative entrepreneurs, poised to make a significant impact on India's business landscape.