TiE Sustainability Summit to enable $100 mn funding for social enterprises
Hyderabad: TiE Sustainability Summit, to be hosted by TiE Hyderabad between October 4 and 6, 2021, through a virtual platform, aims to facilitate funding of social enterprises. TiE is confident of facilitating funding to a tune of $20 million (about Rs 148 crore) in the short-term and about $100 million (over Rs 740 crore) in […]
Hyderabad: TiE Sustainability Summit, to be hosted by TiE Hyderabad between October 4 and 6, 2021, through a virtual platform, aims to facilitate funding of social enterprises. TiE is confident of facilitating funding to a tune of $20 million (about Rs 148 crore) in the short-term and about $100 million (over Rs 740 crore) in the long-term to promising social enterprises with ability to create a deep impact
Social enterprises are fast emerging as sustainability power engines of world economies. They are driven by vision to improve society. They identify and solve societal problems through innovation and technology.
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. 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 investees (social enterprises) who have the capability and promise to not only provide high return on investment, but also create a deep social impact.”
This thought was further echoed by Mahavir Sharma, immediate past global chairman of the Board, TiE Global, who said, “Social enterprises are the future unicorns of the world. They will be building a trillion dollar economy. 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 $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,” Sharma added.
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