Global Newsletter – 2022

Dear Members,

The COVID-19 pandemic has inflicted massive job losses and impacted economies around the world. As we work together to build back better, TiE is uniquely qualified and positioned to help entrepreneurs innovate and create jobs in their respective geographies.

While plenty of resources exist for entrepreneurs today, TiE is unparalleled in that it is built on the core value that the most accomplished business leaders have an obligation to help the next generation of entrepreneurs succeed. It is both an honor and responsibility to be elected leader of such an august organization, especially since 2022 will mark the 30th anniversary of the founding of TiE.

I am confident that with the support of my fellow trustees & TiE chapter leaders worldwide, we will make a significant impact on entrepreneurship globally.

Regards
B.J. Arun
Chairman, TiE
[email protected]

TiE Global celebrates the accomplishments at the 2022 Rice Business Plan Competition of two student teams from Germany mentored by TiE.

LIDROTEC, from RWTH Aachen, and Invitris, from Technical University of Munich, won 1st and 3rd prizes respectively.

Not just LIDROTEC and Invitris, TiE also provided mentoring in 2022 to EpiFresh, winner of the $25,000 Energy, Cleantech and Sustainability prize and an elevator pitch prize from Rice, and TransCrypts, winner of the $50,000 Owl Investment Prize and an elevator pitch prize.

“Lidrotec’s win in this year’s Rice Business Plan Competition was the culmination of a 12-year journey and a moment of real pride for me.” said Ashok Rao, past Chairman of TiE Global and the founder of this international feeder competition program along with Brad Burke, Managing Director of the Rice Alliance.“When Brad and I created this program, we had no idea as to the impact it could have. We have been thrilled to be part of this incredible competition, delivering high quality teams to Rice, from Universities in Europe and Asia” he continued. “Prior to this year 4 of our teams had made it the finals while obtaining over $10 million in investment from Goose Capital. And this year my dream has been realized, and finally a TiE Global team has won this prestigious competition.”

Brad Burke, Managing Director of the Rice Alliance, commented, “More than 250 judges, including investors, corporate leaders and technologists, saw great potential in this year’s competitors. We were thrilled to see the hard work of the TiE teams rewarded by making it to the final round! As the world’s largest and richest competition, we appreciate the collaboration with TiE in supporting student entrepreneurs in Asia and Europe.”

Ram Shenoy, President of TiE Houston commented, “TiE’s mission is to foster entrepreneurship in all its forms, especially communities which might otherwise lack access to opportunity – students, underserved communities, minorities among them. I applaud the hard work and ingenuity of these student founders. They worked diligently in preparing for the competition, and the judges at RBPC recognized their effort. TiE’s involvement in the Rice Business Plan Competition is a template for the TiE organization to help student teams globally as TiE rolls out TiE University program across the chapters to compete for the TiE University Global award”

The TiE Women directly engaged and accelerated 240+ women-led startups in the last 2 years. The program has resulted in capacity building, increased networking, knowledge-sharing, and visibility for these startups and women entrepreneurs. The Connect Series, Open Mic Nights, and Active Learning Workshops helped amplify the program beyond a Pitch Competition thus encompassing more women entrepreneurs to its impact.The TiE Women directly engaged and accelerated 240+ women-led startups in the last 2 years. The program has resulted in capacity building, increased networking, knowledge-sharing, and visibility for these startups and women entrepreneurs. The Connect Series, Open Mic Nights, and Active Learning Workshops helped amplify the program beyond a Pitch Competition thus encompassing more women entrepreneurs to its impact.

TiE-U is a comprehensive ecosystem that nurtures start-ups run by college/ university students. It achieves this objective by creating events and engagements that bring together start-ups, TiE members, external mentors, coaches, and ecosystem partners. The key outcome is to enable campus ideas/start-ups to transform into viable businesses. Our ecosystem centers around the pivotal role of mentoring. All activities of TiE University foster relationship-building between mentors and start-ups.

TiE University Pitch Competition Finals were held in May 2022. Teams from over 420 universities applied to the competition, and teams from 8 countries representing 30 colleges made it to the semifinals of the global pitchfest on 14-May.

TiE Young Entrepreneurs (TYE) is a global program dedicated to fostering future generations of industry leaders by teaching high school students the rewards and challenges of becoming an entrepreneur. TYE is an “Entrepreneurship Academy,” where student teams utilize modern skills andtools to build a concept using customer feedback, iteration, and lightweight business models.

This year’s finals are to be held on June 24th and 25th.
The host Chapter for this year is TiE Dallas

The TYE Program engages an entire community of volunteers – Parents, Educators, Mentors, Inspirational speakers, Serial entrepreneurs, Student Alumni and Partners. The community has one goal, which is to educate and prepare our students to become the next generation of entrepreneurs and business leaders.

The TiE India Angels have screened 100+ applications and shortlisted 10 deals for investor pitches. So far TIA has made investments worth INR 6.5 Cr in 4 deals, with more in the pipeline

TiE India Angels and its 300+ active members leverage TiE’s global network of over 60 chapters around the world, to help portfolio companies meet the challenges of scaling into successful enterprises.

TiE Global Angels has invested $25Mn to date in 30+ companies in last 3 years. Cumulatively, TGA facilitated investments worth $76Mn in over 230+ deals.

In April 2022, many TiE Chapter Presidents from all over India and many of our other fellow trustees came together to determine how best to support the Government of India’s various initiatives to promote entrepreneurship.

The event was an opportunity for the TiE leadership to come together and understand what the TiE chapters are doing. The lineup included various guests from government bodies like the Department for Promotion of Industry and Internal Trade, MeitY Startup Hub, Atal Innovation Mission, NITI Aayog, and Biotechnology Industry Research Assistance Council (BIRAC), to foster better cooperation in the startup Ecosystem driven by TiE.

These are people who are deeply involved in enabling ground level transformational changes. This helped in reviewing how government projects are adopted and how the chapters can help in greater adoption.

Insightful discussions and exchange of thoughts in two wonderful panel discussions involving key leaders from Government and industry.

TYE contributions were discussed by Madan Padaki and Santosh Huralikoppi. Subbu Pericherla and Santosh Huralikoppi made the audience aware of the growing TiE University program. Mahavir Sharma, Charter Member, TiE Rajasthan led the talk about TiE Angels. Kanika Radhakrishnan, Global Co-chair of TiE Women Entrepreneurs talked about the TiE Women program.

The event also saw the TiE’s BoT coming together and making the Presidents and EDs aware of Chapter Health, Governance, Member and Ecosystem Engagement, and TiE Endowment plans. The topics were led by Gita Dang, P.K. Gulati, Kiran Deshpande, and B J Arun. The members also heard Murali Bukkapatnam & Suresh Raju talking about the vision for TiE Global Summit 2022 which is to be held in Hyderabad in December 2022. Ravi Narayan gave the team insight on TiE Global GEC. The event concluded with the discussion of the upcoming digitization strategy by Vijay Menon, Executive Director of TiE Global.

It was such an engaging and stupendous event attended by EDs and Presidents from all over India. With the event being such a huge success the team is planning a similar meeting for all the US-based presidents and EDs as well.

Quick Stats:
3 Days I 47,000+ Registered Attendees | 150+ Countries Represented | 8 Grand Keynotes | 40+ Enterprise Sponsors | 220+ Speakers | 10+ Technology Tracks | Entrepreneur Programs | Networking Opportunities | Roundtables and Meetups | Virtual EXPO booths | 500+ Attendees for In-Person Gala Dinner

If you missed it, we’ve got you covered!
If you missed attending our virtual conference or would like to view content-rich sessions at TiEcon 2022, we’ve got you covered. All the grand keynotes, panels, firesides, and discussions are now available on our YouTube Channel. Please subscribe to stay up-to-date with the content.

Indian startups are flying high.

The new year started with the emergence of new unicorns, taking India’s tally to 85 – the thirdhighest from any country globally! Another 62,000+ startups continue to soar high… With a fire in their bellies and reaching for the sky, India’s startups are truly unstoppable!

Celebrating the spirit of these unstoppable entrepreneurs, TiEcon Delhi-NCR 2022 was proudly themed “UNSTOPPABLE INDIA.”

Eminent speakers from various fields and zona of entrepreneurship shared their insights about what inspired them, and how they integrated to move head to innovate. TiECON Hubli was all about networking, getting mentored, and picking up a few tools to implement in your business.

Founded in year 2002, TiE Rajasthan has been awarded with the most coveted ‘Best TiE Chapter’ award this year besides winning the ‘Best Chapter Champion for TiE University’. The Chapter has won multiple awards by TiE Global in the past including the Most Improved Chapter in 2015, Best Leadership Transition in 2013, Most Effective Leadership Transition in 2009 and global wins in TYE program in 2015, 2019 and 2020. It is also the first TiE Chapter in Asia to have a TiE Global Chair.

In 2009, TiE Rajasthan responded to the global changes and created Rajasthan’s first angel network ‘Rajasthan Angel Innovators Network’ (RAIN). The learnings from RAIN have paved way to set up TiE India Angels (TIA), a pan India angel network by TiE.

In addition to active participation in all major initiatives of TiE Global viz TYE, TiE University, TiE Women, TiE Global Summit, TiE Retreat etc. the Chapter has hosted the TiE Global Retreat in Jaipur twice. Utilizing the opportunity to connect virtually with a wider network of students, the chapter for the first time has taken the TYE program to tier-2 and tier-3 cities in Rajasthan and that has increased visibility for TiE as well.

The 2022 CM Retreat is scheduled in Rome, Italy from August 12th (Friday) to August 15th, 2022 (Monday).

TiE Global Summit is the annual flagship conference of TiE Global where each year TiE Chapters collaborate with each other to bring the best in class content – from speaker sessions to mentoring sessions, marquee keynotes, fireside chats, and thought-provoking discussions on entrepreneurship

If you like the work we are doing and would like to know more about TiE, or would like to share your suggestions, reach out to our team –

Vijay Menon
Executive Director
[email protected]

Aparna Mishra
Program Manager
[email protected]

Garima
Assistant Manager:
Digital Marketing and Programs
[email protected]