A new scholarship program for the Sofaer MBA will help educate Indian business women to succeed.
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India and Israel have had formal diplomatic relations since 1991. Trade between the two countries has risen from $200 million in 2001 to more than $6 billion in 2013.
India has seen major growth in its high tech sector in recent years. But Indian women have been excluded from senior corporate positions there.
A new scholarship program in Israel has been created to aid Indian women gain the education that they need to rise to the top in corporate India. With the aid of The Bonita Trust and The Israel Asia Center, Tel Aviv University’s Recanati School of Business Administration‘s Sofaer International MBA program will now offer scholarships to prospective Indian women entrepreneurs.
The scholarship will be offered for the coming 2014-2015 academic year. All applicants must meet the requirements for both admission to the Sofaer MBA program and the Israel Asia Fellowship program. Completion of the GMAT exam is required for admission.
Qualifiers for the scholarship will receive full free tuition and be able to participate in the Israel-Asia leaders Fellowship. Upon completion of the program, Indian women will also have the opportunity to acquire seed funding for their start ups if they are Israel-India ventures.
Tel Aviv University has more than 30, 000 students and is Israel’s largest university. Its Leon Recanati Graduate School of Business Administration offers the Soafer International Masters of Business Administration. It is an intensive one year program.
The MBA is taught in English. The program tries to maintain a 50/50 ratio between men and women. Its students come from all over the world and must have at least four years of work experience in their respective fields.
The Bonita Trust was established in 2004 to help communities deal with problems in health and education. In the last ten years, Bonita has donated more than 20 million British Pounds to a variety of projects including female entrepreneurship. Bonita has previously supported scholarships for Indians in Great Britain.
In January, the Bonita Trust established an International LLM program at Tel Aviv University’s Buchman Faculty of Law. Bonita previously donated $75, 000 to the Jewish Family and Children’s Services organization in San Francisco.
The Israel-Asia Center is an independent non profit organization based in Jerusalem. It declares its mission to be to build a shared future between Israel and Asia. The Israel Asia Center invests in the next generation of leaders in Israel-Asia relations.
The Israel-Asia Center already offers scholarships for the Soafer International MBA program to Chinese students.
Rebecca Zeffert is the founder and executive director of the Israel-Asia Center. She had previously worked in public relations and with non-governmental organizations in China, Japan and Israel.
“This is a fantastic opportunity for a young Indian female entrepreneur to develop and receive support for her own Israel-India venture in the ‘Start-Up Nation’, to meet business and government leaders, acquire valuable leadership and business skills, and tap into and build partnerships with one of the world’s leading and most exciting hubs for innovation and technology, ” said Zeffert in a statement.
Israel currently has four different universities that offer Masters of Business Administration programs in English for international students.