TiE Sustainability Summit 2021 hosted by TiE Hyderabad is confident of facilitating funding to a tune of US $20 million in the short-term and about US $100 million in the long term to promising social enterprises with ability to create a deep impact on human society, animals, and nature.
The investment will be made by social impact investors and large businesses who find social enterprises with a promise of future growth and profits. TiE will play the role of a facilitator to help the most suitable social enterprises meet their potential funding partners.
Manohar Reddy, TSS Global Chair and President TiE Hyderabad said, “We see social enterprises as the change agents of the world and will play a key role in shaping the future of the world economy. At TSS, we have designed a “Match Making’ Technology Platform for potential social impact investors to meet their prospective investors (social enterprises) who have the capability and promise to not only provide high return on investment, but also create a deep social impact.”
Mahavir Sharma, Immediate past Global Chairman of the Board, TiE Global and Co-Founder, Rajasthan Angel said, “At TiE we stay committed to fulfilling the needs of social entrepreneurs who are faced with the challenges of funding, attracting talent – we will be solving both these by partnering with social impact funds and large business to fund them to a tune of US $100 million in the long term spread across a few phases based on business viability and ability to create the societal impact and generate high return on investment. Secondly, we will help them find suitable mentors and board members who can act as guiding force by providing strategic inputs, business modelling, go-to-market strategies, and connect them with other ecosystem players.”
TiE Sustainability Summit 2021 is being held from October 4-6, 2021, through a virtual platform, will leverage its technology platform to facilitate funding of social enterprises. TiE is confident of funding at least 50 to 100 social enterprises during the summit, where the social entrepreneurs will be making a pitch to about 200 global investors.