Archive for the ‘Networking’ Category
Introducing TiE SoCal Labs
We are pleased to launch a new program called TiE SoCal Labs on 9th March. This virtual incubator program is designed for “Hungry SoCal Entrepreneurs” who are eager to receive help from the TiE Global network. Nitin Rai from TiE Global Angels Alliance (TGAA) will be launching this amazing program. Mangesh Mahajan, Partner at WaterMark Venture Capital, will be the chair of this program. Well-known VCs, Angels and seasoned Entrepreneurs will be available to mentor these startup founders. An exclusive group of founders and their startups will be selected in the first year.
Our bold vision is to help aspiring entrepreneurs with the entire lifecycle of their company – from cradle to successful exit: ideation process (above), making a realistic business plan, finding co-founders, building proof-of-concept, finding beta customers, commercializing the products, creating go-to-market strategy, expanding sales and distribution channels, and above all, exploring various fund-raising options. We are going to put key people, processes and systems in place to make you successful!
TiE SoCal is going through a selection process for the first batch of startup companies to be admitted to this amazing incubator. We have already received a dozen or so applications, and our committee has decided to keep the invite open for a few more. Are you interested in applying for the TiE SoCal Labs? This is your chance to get in on the ground-floor!
Please Apply here
We are anticipating a Huge Turnout for the TiE SoCal Labs launch event (we’re hearing that this launch may include live pitches from the final round of applicants, live audience participation and selection (aka The Voice), and a few surprises… but we can’t give it all away).
Place: Real Office Centers at the Vine OC
5151 California Ave. Suite 100
Irvine, CA 92617
When: March 9 from 6 pm onward
What: Indian dinner will be served
This year, Entrepreneurship Cell IIT Kharagpur and IBM are proud to present Empresario 2016 in association with the prestigious International Business Model Competition (IBMC) which is co-hosted by Stanford, Harvard and Brigham University. The best entries in all categories will get an opportunity to participate directly in the semi-final rounds of IBMC 2017, which will be conducted abroad. ((Visit www.ecell-iitkgp.org/empresario for more details). The prizes and services for the winners as per last year are worth 25 lacs INR.
The shortlisted entries are provided immense help in terms of mentorship and the winners also get a much sought after chance to pitch their ideas in front of some of India’s biggest VCs and investors. Empresario participants are mentored and supported by organisations like TiE, NEN(National Entrepreneurship Network) etc. Startup Services like legal advice, taxation, financial, technical aspects of running a startup, co-working space, HR needs, incubation opportunities, etc. are provided.
Entrepreneurship Cell, IIT Kharagpur is a student organisation established with the aim of fostering the spirit of entrepreneurship among college students in India. We are one of the most successful entrepreneurial organisations in the country with over 50 start-ups incubated within 8 years of our inception. We are playing a vital role in developing the upcoming startups into successful companies by taking a great initiation of conducting flagship competition namely Empresario, our Annual and India’s only Global Business Model Competition.
It has been observed that startups with static business plans fail miserably since reality does not conform to their assumptions. Hence, there is a need for a more dynamic methodology while starting up and this is why the Entrepreneurship Cell, IIT Kharagpur sought to undertake a Business Model competition, which was entitled ‘Empresario’
Empresario accepts business ideas in all fields which include Product and Service, Product Design and Social categories. Each of the entries get equal opportunity to win the prize and incubation money to the tune of INR 2.5 crore.. Previously, Empresario has been launched in association with TiE Kolkata, Mahindra Spark the Rise and Dell Social Innovation Challenge.
Empresario is about recognizing that any new venture is just a guess at a problem / solution and the only way to test whether those guesses are correct is to “get outside the building” and validate their idea with customer feedback. A business model is designed to change rapidly to reflect what you find outside the building in talking to customers. It’s more visual, dynamic and it reflects the iterative reality that startups face.
For the first round of Empresario, we will require participants to fill up a questionnaire asking in brief about their Business idea and submit it. This questionnaire can be found on our website www.ecell-iitkgp.org/empresario . If participants register now, they can avail the Early Bird privileges, which include extended mentoring and offline mentoring session.
One of the winners of Empresario’14, Betaglide also secured the largest funding among all the startups present at Rice Business Plan Competition of around $1 million.
Some of the past student startups who were winners of Empresario are:-
- BetaGlide – A startup by students of IIT Kharagpur, is a mobile app testing platform that allows developers to gather information in real-time about the system usage and the behavior of their app to improve its stability and performance. It has recently won the Tech Transfer Prize (Mercury Fund Prize) at Rice Business Plan Competition and became popular internationally.
- Roof For Two – A startup by a team from Massachusetts Institute of Technology, is a unique concept that can help solve the age-old problem of two-wheeler riders who ride daily through rain, sun and the cold. Roof for Two eliminates travel irritation with an affordable and stylish riding canopy.
- COEO Labs – An IIT Kharagpur based startup focused on developing innovative and low cost medical technology products. Their device Saans catapulted them to winning Empresario, Social Track and there was no stopping them following that. After winning the TATA Social Enterprise Challenge and Master Plan, Social Track at IIM-A, they also went on to the finals of the International Business Model Competition (IBMC).
We conduct our flagship event – Global Entrepreneurship Summit (GES), the largest collegiate entrepreneurial summit in India every year in January. The final rounds of Empresario 2017 will be held during GES’17.
The facility is to cost around $300 million and will incubate 5,000 startups in five years.
STRIKE IS HEADING TO SWITZERLAND TO WIN 500K AT THE SEEDSTARS SUMMIT
Strike is representing India at the Seedstars Summit, during which the winner of the global competition for fast growing startups in emerging markets Seedstars World will be named and awarded with up to USD 500,000 in equity investment.
Seedstars Summit – March 3rd, 2016, Swiss Tech Convention Center at EPFL, Lausanne
LAUSANNE, SWITZERLAND, February 11th, 2016 – Seedstars, the global organization with the mission of impacting people’s lives in emerging market through entrepreneurship and technology, launched its third edition of the Seedstars World competition in April 2015. The international team covered 54 countries, scouting for the best startups around the world. Strike has been selected to represent India and participate in a two day bootcamp, an Investor Forum and the Grand Final of Seedstars World. The global winner of this edition will be rewarded with up to USD 500’000 in equity investment. The best startups in other sectors such as travel and space will also be rewarded with equity investments and grants of up to USD 550’000.
Strike won Seedstars Bangalore in August last year, with its email productivity platform for mobile that helps users to research people within their Gmail app. On March 3rd, the Indian startup will represent the country and compete with other 53 startups from around the world for the title of “Seedstars World Global Winner”.
More than 3,000 startups from Eastern and Central Europe, Africa, the Middle East, Asia and Latin America applied to participate in Seedstars World this year. Since April 2015, four regional teams and expert local juries have selected the most promising startups in 54 cities, from Santiago to Jakarta, passing by Ramallah and Beirut.
At the Summit, the speakers will discuss how technology and entrepreneurship impact billions of people’s lives in emerging markets. “Most people don’t really associate emerging markets to a billion of opportunities and we’re here to show them that these markets are already transforming into centres of innovation where talented people and changemakers grow,” explains Alisée de Tonnac, CEO at Seedstars World.
Around 1000 entrepreneurs, venture capitalists, corporate executives, business angels, government officials, journalists and startup enthusiasts are expected to join for an amazing experience in Switzerland.
Tickets on sale now!
The Summit is open to public. Final pass & Executive pass are available @ www.seedstarsworld.com/summit/passes
“They tried to bury us, they didn’t know we were seeds.” – Mexican proverb
Seedstars is a global organisation based in Switzerland with activities in more than 50 countries around the world. Its mission is to impact people’s lives in emerging markets through entrepreneurship and technology. The company’s goal is to develop and foster startup ecosystems by connecting, building and investing in driven entrepreneurs. Seedstars connects the best entrepreneurs with investors, corporates and media, and helps them to scale to new markets. They build companies by bringing together resources, talents and growth techniques, and eventually, invest in the most promising entrepreneurs. Sharing the values of trust, efficiency and diversity, Seedstars aims to support the whole entrepreneurial ecosystem from entrepreneurs to investors passing through governments and corporates.
More info on our website: www.seedstars.com
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Saundarya Rajesh has helped more than 8,000 women get back to work.
Her inspiring story, and advice to women who want to take a mid-career break:
First, a few startling statistics.
- India is ranked 123 when it comes to the female-male ratio at the work place.
- 48% per cent of women in India abort their careers midway; this is 20% more than the global average.
- The Indian woman’s contribution to the national GDP is 17%, which is much lower than the global average of 37%.
- If the participation of women in the Indian workforce can be increased to 41% by 2025, it can add an estimated Rs 46 lakh crore ($700 billion) to the GDP.
No wonder then when someone like Dr Saundarya Rajesh helps women restart their career after a break, the effort is considered significant.
Saundarya was recently selected for the #100Women Initiative started by the Union ministry of women and child development, in collaboration with Facebook, to recognise and acknowledge women who are making a difference in their communities across the country.
These 100 women will meet President Pranab Mukherjee and Union Minister for Women & Child Development Maneka Gandhi in Delhi on January 22.
Saundarya’s journey as an entrepreneur began in 2000 when she co-founded Avtar with K Umasankar. Avatar then had five employees.
In 2005, she started Avtar I-Win to help women find a second career after a break. Ten years later, they have 42,000 women professionals in their network.
More than 8,000 women have re-entered the workforce because of Saundarya and her team.
In the meantime, she completed her PhD on women’s work force participation. In her own words, Saundarya shares her story of how she decided to help women find a career after a break.