BWI: TIE- ISB Connect Launches Nationwide Initiative to Fund Start Ups

Press release from Business Wire India
Source: ISB
Wednesday, August 01, 2012 02:10 PM IST (08:40 AM GMT)
Editors: General: Economy, People; Business: Business services, Education & training
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TIE- ISB Connect Launches Nationwide Initiative to Fund Start Ups
Opportunity to Win up to One Crore in Funding

Hyderabad, Hyderabad, India, Wednesday, August 01, 2012 -- (Business Wire India) -- TiE-ISB Connect, one of India's leading conferences for entrepreneurs and investors, organized jointly by TiE Hyderabad and the Indian School of Business (ISB), today announced 'Biz Quest' - a nationwide initiative for start ups that allows them to win up to One Crore as prize investment. In addition, this initiative will also support aspiring entrepreneurs, early stage and growth stage entrepreneurs to showcase their business potential among venture capitalists, angel investors and network with other successful entrepreneurs and mentors. Tie-ISB Connect 2012 is scheduled to be held from September 20, 2012 to September 22, 2012 at the ISB's Hyderabad campus.

'Biz Quest' aims to support deserving early stage entrepreneurs across the country and provide the much-needed thrust to their ventures and also act as a catalyst in their business growth. In the previous year, Green India Building Systems and Services (GIBBS), an early stage venture won Rs 25 lakhs as prize investment. The venture incubated at the ISB under the Entrepreneurship Development Initiative (EDI) benefitted greatly from this timely funding. Encouraged by this success, Tie-ISB Connect has increased the total funding outlay to Rs One Crore this year, to ensure the benefits of this funding reach more number of entrepreneurs in the country.

Ventures applying to the 'Biz Quest' will have access to the following benefits -

-- Present the business potential of their venture to a panel of Angel Investors /Venture capitalists and win funding up to Rs One Crore from Sri Capital and Hyderabad Angels
-- Be incubated at Indian School of Business/TiE Accelerator Programme
-- Connect one-on-one with Angel investors and venture capitalists to raise seed capital for start-ups and growth capital for growth stage ventures

Who can apply?

This showcase is open for entrepreneurs across the country right from start-ups to growth stage companies. The showcased businesses should be financially promising, sustainable, scalable and also technically and managerially competent. The start-up should be a venture with clear cut offering, innovative in operations, product or service, or marketing and should be in existence for at least one year. This platform also provides angel investors, and venture capitalists access to targeted investment proposals

Criteria for Early Stage applicants

-- Seeking angel funding/acceleration (up to Rupees Two Crore)
-- Be in existence for at least one year
-- Be a venture with a clear-cut offering, preferably with revenues
-- Innovative in operations, product or service, or marketing
-- Gaining traction (customers, markets, prototype, etc.)

Criteria of Growth Stage Venture applicants

-- Seeking Venture funding (Rupees Two Crore to twenty Crore)
-- Be in existence for at least 24 months
-- Be a venture with a clear-cut offering
-- Innovative in operations, product or service, or marketing
-- With customers, markets and revenue in place and growing

Timelines

-- Entrepreneurs to register and submit investor profiles by 30th August 2012
-- Shortlisted ventures will be notified on 10th September 2012
-- Final presentations and one-on-one discussion between entrepreneurs and investors will take place at Tie-ISB Connect 2012 at ISB's Hyderabad campus on 20th September 2012

How to apply ?

Interested applicants can register by clicking on this link http://tieisbconnect.in/business-plan-contest/

About TiE-ISB Connect

TiE-ISB Connect is a joint initiative between The Indus Entrepreneurs (TiE), Hyderabad Chapter and the Wadhwani Centre for Entrepreneurship Development (WCED) at the ISB. It has been in existence since 2005. Over the years, it has come to be recognised as one among the leading conferences and networking platforms for entrepreneurs and investors. Till date, the event has attracted participation from around 200+ leading investors and around 5000+ entrepreneurs and aspirants. For further details, please visit www.tieisbconnect.in



CONTACT DETAILS
Sriram Gopalakrishnan, Director - Marketing and Communications, Indian School of Business, +91 939 456 8030, Sriram_gopalakrishnan@isb.edu

KEYWORDS
ECONOMY, PEOPLE, BUSINESS SERVICES, EDUCATION

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