Hyderabad: TiE Hyderabad has launched third edition of its TiE Grad Business Idea Tournament for college graduates. It aims to bring more cities and grad schools into the startup ecosystem by focusing on three core areas – access to money, markets and mentors to start a business. The selection process will be held between April and June.
In the latest edition, TiE Grad plans to onboard 25 colleges, train at least 5,000 students throughout the year, enable and empower the faculty to handhold entrepreneurially oriented students.
Suresh Reddy, TiE Hyderabad president, said, “TiE enhances and spreads entrepreneurship in the ecosystem around us. We do that though a voluntary club of charter members, who work in a two-prong approach. One to mentor deserving startup companies, who are our associate members and two to seed the idea of entrepreneurship into the ecosystem. The Hyderabad Chapter has many programmes to guide budding entrepreneurs in fund raising, business planning to sales and marketing help that they need.”
“Education to entrepreneurship is the keystone to building a strong startup ecosystem. The second edition attracted 119 grad school entries, and in the third edition, we aim to outperform our target,” Subba Raju Pericherla, TiE Grad Programme chair.
TiE completed the second edition of Grad Business Idea Tournament on Saturday. Over the last one year, more than 2,600 students from 16 colleges from Telangana and AP took part in TiE Grad (Education to Entrepreneurship) programme. The winners emerged from 119 teams mentored by 20 TiE chartered members.
TiE Hyderabad presented Rs 7 lakhs in prize money under five categories. Vinnan Labs team from BiTS Pilani-Hyderabad, for Homa Robot to minimise hospital-acquired infections and Solar Power Plus team from Vishnu Institute of Technology, Bhimavaram, an automated solar panel cleaning technology emerged as overall winners.
UtorAI from Vardhman College of Engineering-Hyderabad won the one-minute elevator pitch for its chat-bot building platform. It was also chosen for its business idea ‘Modular Open Source Chat Bots’ chat building platform.
Best scalable business model for global markets went to Symphony – a social networking platform on the lines of Instagram and Quora for music enthusiasts. The best innovative idea went to Lighthouse Tech team from Sreenidhi Institute of Science & Technologies, Hyderabad for their smart pill dispensing companion that facilitates scheduled medicinal needs of the elderly.
Five investors funded three teams that included All Sports Extra from Vasavi College, a technology platform that unifies sports personnel and sports enthusiasts for training needs, and helps host flagship events, besides a performance tracking provision; Vinnan Labs and Symphony.