Hyderabad March 12, 2019: The 3rd Edition of TiE Hyderabad which kickstarted on Tuesday in Hyderabad has introduced an early stage panel to support the start-ups.
"This year TiE Grad introduced a panel of early stage investors to support these startups with access to money, markets & mentors. Five investors signed up to seed fund three of the teams to help them develop their product, market validations & set up business," Suresh Reddy, TiE Hyderabad President, Chairman & Founder of Brightcom Group.
TiE Grad Business Idea Tournament which is exclusively designed for College Grads aims to bring more cities and grad schools into the startup ecosystem by focussing on 3 core areas – access to money, markets & mentors to kick-start a business by taking their innovative ideas to next level.
The selection process will be held between April - June 2019. Interested colleges can apply through www.hyderabad.tie.org.
TiE also announced results of their 2nd Edition of TiE Grad Business Idea Tournament concluded on Saturday in City. In the finals 10 student startup ideas selected for the quality of their plans, had to do a One-minute Elevator pitch to a panel of investors, jury and in front of audience. A surprising element at this edition was the conduct of audience poll to select the winning team, in addition to the jury scores.
Over the last one year, 2600+ students from 16 colleges from Telangana, Andhra Pradesh, took part in TiE Grad (Education to Entrepreneurship) program. The final winners emerged from about 119 teams mentored by 20 TiE Chartered members.
TiE Hyderabad gave away Rs. 7 Lakhs in prize money under 5 categories evaluated by an eminent jury panel.