20 Bright Ideas and 10 Cool Start ups shortlisted for VC Pitch
Hyderabad|India|November'2008: The TiE-ISB Connect 2008 is being organised
at the Indian School of Business (ISB) from November 5 to 7.This is being jointly
organized by the Wadhwani Centre for Entrepreneurship Development (WCED) and The
Indus Entrepreneurs(Tie), Hyderabad chapter.
The theme for this year TiE-ISB Connect is to tap the ‘The Next 800 million
Opportunity’ and review the overall economic growth patterns; compare
with the developed nation and explore the possible models for India. Discussion
will also be held the about migration of labor pool from primary farming sector
to secondary manufacturing sector and further to tertiary services sector including
the wage arbitrage.
TiE-ISB Connect 2008 inaugural keynote will be addressed by Deepak Parekh,
Chairman HDFC who is also the chief guest for the event on the topic “Wealth Creation
& Inclusive Growth". Other eminent keynote speakers during the 3day event are
David Kayle, Acumen Fund, Y C Deveshwar, ITC and
Bijou Kurien, Reliance Retail.
Speaking on the importance of the theme, Ajit Rangnekar, Deputy
Dean, ISB, said, “Inclusive growth in India requires equal opportunities and entrepreneurship
has the potential to meet this demand. The ISB has focused its efforts to nurture
entrepreneurs, who will create ventures that will generate opportunities and wealth
in the rural and ancillary sectors.”
J A Chowdary, President of TiE, Hyderabad Chapter said, TiE-ISB
Connect has been successful in providing many aspirants who came with the vision
of realising their entrepreneurial dream, a purposeful destination to turn idea
into reality. Our mission, he said is to play a key role in bringing Bright Ideas
and Cool Start ups to accomplish their journey and find ways to encourage the spirit
of entrepreneurship.
Explaining the need for such a platform, Dr Krishna Tanuku, Executive
Director, WCED, said, “We need more community based support for entrepreneurship
rather than individual. Events such as the TiE- ISB Connect play a key role in strengthening
the community support forentrepreneurship.”
TiE-ISB Connect 2008 received 149 executive summaries out of which 112 were received
under the Bright Ideas category and 37 under the Cool Start Ups Category. The Business
plan showcase this year attracted over 200 business plans under the Bright Ideas
and Cool Start-ups categories. .
Sun Startup Essentials will award the winners from each of the
Bright Ideas and Cool Startups categories a Seed Hardware (1 server).Winners will
also get :
· Access to Sun Labs at Bangalore to startups to Test / Benchmark / Port / Scale
their applications
· Special offer on My SQL Enterprise
· Access to Engineering Team at Bangalore to help startups tackle the architecture
level issues, scaling issues, and Infrastructure issues
- Access to Technology trainings through Webinars
The keynote and panel discussion at TiE-ISB Connect 2008 event will feature the
emerging sunrise sectors –
- Agriculture & Agri-Processing: Present and
Future Potential
- Manufacturing
- Retail
- Energy
- Infrastructure & Urbanization
- Health Care
- Education & Training
The event will also feature workshop on Jumpstart your venture, VC Connect and a
special panel discussion on Taking India Forward.
TiE-ISB Connect 2008 event is supported by TOTEM Infrastructure, Microsoft, Sun
Start Up Essentials, SATYAM, INDU Group, and Microsoft Start Up Accelerator Program.