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TiE, Hyderabad chapter, launches business idea competition

TiE (The Indus Entrepreneurs), Hyderabad chapter, on Tuesday announced the launch of the third edition of its popular business idea competition for college students, a programme that seeks to give wings to innovative ideas of aspiring entrepreneurs.

The TiE Grad Business Idea Tournament for College Grads, as the competition is known as, would bring in more cities and graduate schools into the start-up ecosystem. Facilitating access to money, markets and mentors to the participants towards kick-starting a business with innovative products and solutions, are the three core areas of focus.

Besides engineering and business school students, the tournament this year would be open to medical college students too as part of an emphasis on promoting ideas in the healthcare space.

TiE Hyderabad president Suresh Reddy and TiE Grad Programme chair Subba Raju Pericherla told the media here that TiE Grad third edition plans to take onboard 25 colleges this year, train at least 5,000 students as well as enable and empower the faculty. The selection process would be under way between April and June. Interested colleges can apply on www.hyderabad.tie.org.

Results announced

In the second edition, whose results were also announced on Tuesday, more than 2,600 students from 16 colleges in Telangana and Andhra Pradesh took part in TiE Grad (Education to Entrepreneurship) Programme. The final winners emerged from 119 teams mentored by 20 TiE chartered members.

The overall winners were Vinnan Labs team from BiTS Pilani, Hyderabad, for HOMA robot that minimises hospital-acquired infections and Solar Power Plus team from Vishnu Institute of Technology, Bhimavaram, for an automated solar panel cleaning technology.

TiE Hyderabad gave away ₹7 lakh in prize money under five categories, a release said.

To queries on TiE Hyderabad, he said the chapter was in operation for nearly two decades and has grown its membership to 600. It plans to sharpen the focus on mentorship and thereby assist more entrepreneurs this year. He also estimated the membership to cross 1,000.

“We need to bring the focus back to what TiE stands for… helping entrepreneurship. We need to get more successful entrepreneurs to sign on,” he said, adding Hyderabad was also supporting the Warangal, Nizamabad and Amaravati chapters.

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Printable version | Jan 28, 2020 8:18:55 AM | https://www.thehindu.com/news/cities/Hyderabad/a-never-to-miss-opportunity-for-aspiring-entrepreneurs/article26525801.ece

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