BWI: CORRECTING and REPLACING: TIE- ISB Connect Invites start-up Entrepreneurs to Compete for Funding Opportunities

Press release from Business Wire India
Source: Indian School of Business
Tuesday, September 14, 2010 04:59 PM IST (11:29 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Banking & financial services, Business services, Education & training
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CORRECTING and REPLACING: TIE- ISB Connect Invites start-up Entrepreneurs to Compete for Funding Opportunities


Hyderabad, Andhra Pradesh, India, Tuesday, September 14, 2010 -- (Business Wire India) -- The Indian School of Business (ISB) in association with The Indus Entrepreneurs (TiE), Hyderabad chapter, is organising 'Velocity', a business plan competition for start up entrepreneurs. This competition is being held as a part of TiE-ISB Connect 2010, the largest networking event for entrepreneurs to connect with venture capitalists and mentors. Over the years, this event has attracted a large number entrepreneurs and VC's across the globe.

The competition is open and participants will have to send in their business plan summary online through http://www.tie-isbconnect.com/HowtoParticipate.html. The last date for registering is September 20, 2010. The selection criteria is as below-

. Participating ventures should have been in operation for at least three months to a maximum of three years.
. The plan/ venture should be scalable, market ready and must have taken the first steps for revenue generation.
. Must have a team with adequate technical / management education or business experience

Six ventures will be short listed in the finals of the competition and they will get an opportunity to present their business plan to a panel of investors. 'Velocity' offers a several benefits to the participants such as presenting their plans to VC's, funding, mentor support, networking and getting their plans incubated at the ISB.

. Hyderabad Angels, a VC firm based in Hyderabad, will make a guaranteed investment of 25 lakhs in one of the finalist ventures. The selected venture will also have access to a mentoring programme to facilitate a working relationship with the VC, academics and relevant experts.
. The short listed ventures will also be eligible to apply to the Entrepreneurship Development Initiative at the Wadhwani Centre for Entrepreneurship Development (WCED) at the ISB

TiE-ISB Connect 2010, will be held from October 29 to 30, 2010 at Hyderabad on the theme 'Research to Market' and 'Innovation in Building Business'. For more details please click on this link http://www.tie-isbconnect.com/index.html

The objective of the TiE-ISB Connect 2010 is to bring together all the elements necessary for real venture creation. Its mission is to- :

. Provide a platform, together with important tools, resources and networking opportunities, to assist all aspiring entrepreneurs, in taking their first steps on their entrepreneurial journey
. Facilitate the creation of new ventures with potential for high growth and a global mindset
. Engage the venture-support community to rally around entrepreneurial innovation and provide the necessary eco-system for its development
. Generate a positive economic impact by encouraging and nurturing high growth potential entrepreneurship together with a vibrant private equity market.

About the ISB
Indian School of Business is a premier management institution established in 2001. In a short span of nine years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B school across the world. The ISB has a strong pool of research oriented resident faculty and invites high calibre international faculty from reputed B schools to teach in its Post Graduate Programme in Management/ Executive Education Programmes/ Post Graduate Programme in management for Senior Executives as well as to participate in collaborative research with the resident faculty. The ISB was ranked 12 in Global B School Rankings 2010 by Financial Times, London.


CONTACT DETAILS
Sriram Gopalakrishnan, Head - Marketing and Communications, Indian School of Business, +91 9394568030, Sriram_gopalakrishnan@isb.edu

KEYWORDS
CONSUMER, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, EDUCATION

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