TiE Mysuru chapter, one among 61 worldwide chapters of TiE, has announced the launch of its regional competition to select the college team to represent TiE Mysuru chapter at the global finals of the TiE University Global Pitch Competition 2022.
Applications are available at www.tieuniversity.org/pc. Speaking about the competition, Ajith Pai, president of the chapter, said, “The pitch competition is a platform for entrepreneurs such as our charter members to give back and to help foster entrepreneurship among college students. The TiE University programme offers a complete ecosystem to the next generation of entrepreneurs to launch and scale their startups. TiE Mysuru is the only chapter in Karnataka to host TiE University Program fourth year in a row.”
In the last edition, TiE Mysuru provided ₹3.5 lakh seed fund and mentorship support to the winners of the past editions, a release said. The competition is open to startups/founders who are currently in college or have graduated after January 2019. As part of the competition, the startups are mentored and coached by experienced entrepreneurs at the regional/city level. After this, they present their ideas to a seasoned jury panel that selects the chapter (regional) winner. The winning team then becomes part of the global group which undergoes extensive mentoring and coaching by international mentors.
Global finale
The cohort then presents to an international jury and competes for cash prizes of $100,000 including a grand first prize of $50,000 and in-kind awards of $500,000. TiE Mysuru chapter will provide up to ₹1 lakh cash award to the winners of chapter-level pitch competition along with one-on-one mentorship and incubation support. According to the chapter champion Shivashankar, “The pitch competition in the preceding year received applications from 1,500 teams from 200 colleges representing 10 countries.”
