The TiE Global Summit 2024, scheduled from December 9 to 12 in Bengaluru and Mysuru, has unveiled its selection of 101 startups for the TGS100 initiative. This program aims to connect early-stage technology and tech-enabled startups with prominent angel investors, offering a significant platform for innovation and investment.
TGS100: Spotlighting Emerging Innovators
The TGS100 initiative focuses on startups with exceptional business models and notable market traction. Madan Padaki, President of TiE Bangalore, highlighted that the selection process received applications from 1,310 startups across 17 countries and 36 Indian cities, underscoring the global interest in the program.
Investment Opportunities and Prize Pool
Selected startups will have the opportunity to engage with angel investors who have pledged investments in TGS100 participants. Additionally, a prize pool of ₹50 lakh has been established, with ₹35 lakh for the winner, ₹10 lakh for the runner-up, and ₹5 lakh for the third-place startup.
Emphasis on Women Entrepreneurs
This year’s summit features a significant participation of women entrepreneurs in the TiE Women Global Pitch Competition. The competition received applications from 3,100 women-led startups across 62 countries, covering sectors such as Ed-Tech, Health-Tech, AI, SaaS, Agri-tech, Retail, D2C, Greentech, and Sustainability. This reflects a growing trend towards inclusivity in entrepreneurship.
Pitching to Esteemed Investors
The top 10 startups will present their pitches on December 11 to a distinguished jury, including Sudhir Sethi (Chiratae Ventures), Venk Krishnan (Nu Ventures), Subrata Mitra (Accel Partners), Vani Kola (Kalaari Ventures), and B V Jagadeesh (SVQuad). This panel brings together seasoned investors to assess innovative ideas.
Summit Details and Collaborations
Anticipated as the largest entrepreneurial gathering, the summit expects over 10,000 delegates. Organized by TiE Bangalore with the Karnataka Digital Economy Mission (KDEM) as a strategic partner, the event is supported by the Government of Karnataka and co-hosted by various national technology bodies.
Pre-Summit Industry Dialogue
A pre-summit industry dialogue convened venture capitalists, industry leaders, and entrepreneurs to discuss key initiatives like TGS100 and the TiE Women Global Pitch Competition, setting the stage for the main event.
Conclusion
The TiE Global Summit 2024’s TGS100 initiative exemplifies a commitment to fostering innovation and entrepreneurship. By connecting emerging startups with investors and emphasizing inclusivity, the summit aims to catalyze growth and collaboration in the global startup ecosystem.
