by admin | May 25, 2021 | Entrepreneurship, News, Startup Basics
Hyderabad : The Indus Entrepreneurs (TiE) on Monday announced that the TiE Grad finalist WCB of BITS Pilani-Hyderabad has won the spot to compete in Rice Business Plan Competition (RBPC) in the United States.
RBPC is one of the largest global university challenge competition which will be held in Houston, Texas. Around 42 university teams from across the world are competing for more than $1.5 million in cash and prizes.
Last year, 10 leading colleges participated in the TiE Grad competition and the winning teams, WCB (Windows Cleaning Bot) from BITS Pilani-Hyderabad and Law School 101 from NALSAR University, Hyderabad campus, jointly shared the prize money of Rs 5 lakh.
“It is a great privilege to be selected for RBPC at Rice University,” said BITS Pilani student and founder of WCB Robotics, Ujjawal Aggarwal. He thanked TiE for providing the best platform to validate their model.
Pradeep Mittal, Past President of TiE Hyderabad and CEO of GreatFour Systems Inc, congratulated WCB and said it got a fabulous platform to fine-tune their model.
TiE Hyderabad also announced the launch of its second edition of TiE Grad. The objective of the programme is to help engineering and management colleges to build a world-class entrepreneurship development zones within their campuses through a structured programme to guide and mentor students on entrepreneurship.
Kali Prasad Gadiraju, President of TiE Hyderabad and Office Managing Partner of Ernst & Young said this year they expanded the scope and the students will get the best opportunity to solve real-world use cases through a world-class platform.
—IANS
by admin | May 25, 2021 | Business Ideas, Business Summit, Entrepreneurship, Events, Social Round-up, Startup Basics
Vijayawada : The Indus Entrepreneurs (TiE) will formally launch its Amaravati chapter and Angels Network on January 17 to help accelerate the growth of the start-up ecosystem in Andhra Pradesh.
The launch will take place in the presence of entrepreneurs, mentors, advisors and others.
Information Technology Minister Nara Lokesh will preside over the formal launch, said a TiE statement.
The inaugural event will be attended by J.A. Chowdary, Special Chief Secretary and IT Advisor to Chief Minister and charter members of TiE Amaravati.
All educational institutions and start-ups in Andhra Pradesh have been invited to participate.
“To enable the state of Andhra Pradesh to lead collective dream of a new India and for the development of Innovation, Entrepreneurship and Start-up culture, we strongly felt the need for a TiE Chapter as well as an Angel Network,” said Sateesh Andra, President TiE Amaravati.
He cited the 2017 edition of the NASSCOM-Zinnov report which says India ranks third among global start-up ecosystems with more than 5000 start-ups with over 1000 new additions in 2017.
One of the key developments in India’s start-up market over the past decade has been the development of large, robust angel investor ecosystems.
“We sincerely believe that entrepreneurship and innovation are keys to achieving industrial development, job creation and GDP growth. With banks reining in all but the safest loans since the recession and venture capital firms now targeting less risky late-stage business start-ups, angel investors play a crucial role in backing young, fast-growth companies,” said Suresh Chitturi, Board Member TiE Amaravati.
The Board of TiE Amaravati comprises of Sridhar Krishnamoorthy, Purnima Kamble, Suresh Chitturi and Sateesh Andra. Alongside the Board, the founding members of TiE Amaravati include Srini Raju, Ramesh Byrapaneni, and J.A. Chowdary.
TiE Amaravati also has their founding patrons in Srinivasa Farms, Gerdau Steel, and Pi Datacenters.
A non-profit organisation founded in 1992 in the Silicon Valley, TiE currently has 61 chapters across 18 countries.
The organisation’s mission is to foster entrepreneurship globally through mentoring, networking, education, incubating, and funding. Since its birth, TiE’s economic wealth creation is estimated at $200 billion.
—IANS
