Startups to get US $250 mn funding at TiE Global Summit

TiE Global Summit 2020, the world’s largest entrepreneurship summit, starts on December 8 and will have a potential funding of $250 million for start-ups.

The Vice President of India, Venkaiah Naidu will inaugurate the event. Union Minister Nitin Gadkari; Arvind Kejirwal, Chief Minister of Delhi; K.T. Rama Rao, Minister of MA & UD, Industries and IT&C, Telangana; N. Chandrababu Naidu, Leader of Opposition, Andhra Pradesh will also grace the summit.

Global leaders like John Chambers, Ronnie Kohan, Jesse Draper, Gautam Adani, NR Narayana Murthy, Indra Nooyi, Mohandas Pai, Kiran Mazumdar Shaw, Swati Piramal, Rohini Nilekani, Vineet Nayar, Tim Draper, Vijay Sekhar Sharma, Ritesh Agarwal, Kiran Majumdar Shaw, Sheryl Sandberg, Indra Nooyi, President of Mauritius, President of Costa Rica, Nobel laureates including Abhijit Banerjee, Mohammad Yunus and spiritual leaders Sri Sri Ravishankar, Sadhguru, Sridharan, Daji Kamlesh Patel and Bollywood Actor Kunal Kapoor will address the summit

The event will attract 20,000 entrepreneurs from 25+ countries and will be formally kicked off on December 8th and will go non-stop 60 hours across global time zones. A total of 25 TiE chapters from Americas, Europe, Africa, India and APAC will be represented at the summit.

The summit will focus on issues faced and challenged by entrepreneurs, provide a platform for funding, insights into strategies to grow and scale business with focus on new start-up ideas, investments in start-ups, pitching tactics to help start-ups attract b2b and b2c businesses and scaling strategies to grow their business by 10x.

The summit will provide an opportunity for entrepreneurs to network and access global customers through an Artificial Intelligence (AI) based Matchmaking Platform to help sellers find buyers from among 20,000 attendees. It will also help forge alliances and partnerships, share ideas and interact with investors, business leaders, policy makers across the globe, besides allow investors access to the world’s brightest minds to fulfil their investment objectives and are likely to invest a few hundred crores after reviewing 200 start-up pitches.

Speaking on the announcement, Mahavir Sharma, Chairman, TiE Global said, “The TiE Global Summit 2020 is a very unique initiative, perhaps the largest and most diverse gathering of entrepreneurs and investors on a virtual platform (due to covid-19). Also act as a gateway to provide Indian entrepreneurs gain market access to countries such as the United States, Canada, LatAm, Middle East, Europe and APAC.”

Sridhar Pinnapureddy, President, TiE, Hyderabad said, “With 20,000 start-ups and entrepreneurs attending the summit we aim to help solve their most critical problems such as acquiring new customers in India and overseas, access to funding, mentors and board members. 200 Startups will be funded, around 40,000 1-on-1 interactions between entrepreneurs, mentors and others.”

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